Dare to Compare

When was the last time you reviewed your current home loans rate and compared it against what is currently available on the market?

Despite Interest Rates currently being at historically low levels, according to the Australian Bureau of Statistics only a very small portion of borrowers are actively renegotiating their home loan to a better deal at a different financial institution.

Points to consider prior to refinancing your home loan

  1. Check with your current lender for any discharge or early termination costs
  2. Look at the entire costs in establishing your new loan
  3. Financially will you be better off with your new loan?
  4. Use the Comparison Rate to compare lenders not the headline rate
  5. Ensure your new lender can provide you will all of the home loan features your require

With rates as low as 4.72%p.a (Comparison Rate 5.02%) can you afford not to compare?

Want to know more please contact Craig Mason on:

Office:   02 4226 9977
Mobile:  0414 913 215
eMail:   Craig.Mason@IHL.com.au

 

Bank Better Home Loan

Bank Better Home Loan

 

 

 

1. Eligibility Criteria, Terms and Conditions, Fees and Charges apply
2. Based on a loan for an amount of $150,000 secured over a term of 25 years. Warning: the comparison rate only applies to the example or examples given above. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan

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About Martin Anstee

Martin is the Managing Director and co-founder of Illawarra Home Loans.

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