Help Find Yourself A Better Deal On Your Home Loan with Aussie's 1-Minute Mortgage Calculator

Thursday April 8, 2010

Homeowners looking for a better deal on their mortgage following the Reserve Bank’s decision to lift interest rates for the fifth time in the last six meetings, should check out Aussie’s 1-Minute Mortgage Calculator.

More than 150,000 Australians have already used the online web tool to help find a better home loan product.

Aussie’s founder and executive chairman John Symond said the 1 Minute Mortgage Calculator has revolutionised the way Australians search for a home loan.

“In the comfort of your own home, at the office or sitting in an Internet cafe, by just answering a few questions these homeowners could be on the way to finding a better deal on their home loan.”

“With the RBA now increasing rates for the fifth time in six meetings, it is vital Australian homeowners are on the right home loan product.

“It’s crazy to be paying a higher rate, or paying for features on a home loan that you don’t use. In just one minute, you could find out if there is a better deal from a range of lenders – one that means more money in your pocket.”

Mr Symond said the tool was helpful to first homebuyers or homeowners looking to re-finance their existing loans.

“For example, a family paying off a $400,000 loan paying 7.1 per cent interest could find a loan with a cheaper rate and save them approximately $4275 in loan repayments in one year,” he said.

Some of the technology behind Aussie’s Mortgage Explorer™ software, which is used by our team of over 850 trained and accredited brokers, is now available to everyone through the website tool 1 Minute Mortgage Calculator - click here to visit 1 minute mortgage calculator.

Visitors to the site are asked a few simple questions which are then used to match their needs and preferences with the wide range of loans available through Aussie. The tool then objectively ranks the loans by initial minimum monthly repayment for that customer, and shows them how much they could potentially save if they are looking for a new loan or to re-finance. Obviously, there are many types of loans out there, so the tool uses some assumptions which may not apply to every person, so it’s advisable to see an Aussie broker.

Once the customer makes an appointment with an Aussie broker they can offer personalised guidance, assess eligibility, lodge the application and then support the borrower through the home loan settlement process.

As one of the country’s largest non-bank providers of financial services, Aussie has a loan book of over $35 billion. With the acquisition of Wizard, there are now over 150 retail stores and 850 brokers across the country ready to help customers get a better deal on their finances.

For more information or to request an interview with John Symond please call:

Brooke Stoddart
Senior Manager – Public Relations
Aussie
02 8297 0381 or 0438 677 588

Tim Allerton City PR
(02) 9267 4511

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