Ask your lender for a lower interest rate
With many lenders saving their lowest rates for new customers, it can be frustrating when you see your bank or lender offering new customers a lower rate than the one you have. So what can you do?
Ask them for a lower rate. But how? The easiest way to ask for a lower rate is to get your broker to do it for you. Simple! Your broker knows what rates the banks are currently offering, understands the current market and has the relationships to negotiate on your behalf. If you don’t ask you don’t get.
You might consider a mortgage top up when you want to fund something such as a renovation or buy a car but don’t want to take out another loan. In essence, a mortgage
On the plus side, a mortgage
Change your loan type
If you’re happy with your home loan and lender, but you want to change your repayment type, loan type or repayment amount and frequency, this may be something you can do without refinancing. For example, you may be able to switch from principal and interest repayments to interest only, move from a variable rate to a fixed interest rate, or change your repayments from monthly to fortnightly. Just ask your Aussie Broker!
Ask your broker about your options
Your Aussie Broker is your best guide when it comes to home loans. They’ll take the time to understand your goals and present your options so you can choose what’s right for your situation.