The majority of Australians are paying too much for their home loans, even though a lower interest rate is available. While the Reserve Bank of Australia (RBA) Cash Rate remains at an all -time low, the RBA estimates that the average Aussie is paying at least half a percentage more than they should on their home loan.
Have you recently looked at your home loan rate or statement? If the interest rate on your loan doesn’t start with a three, you’re probably being overcharged.
Choosing a home loan is a big decision. Our expert brokers are here to save you money but also provide you with detailed information on each lender, so you can be confident in your selection.
Statistics from the RBA, found that only one-third of new home loans are due to refinancing; that means that two-thirds of home owners with loans, could be saving on a lower interest rate.
If it’s been a few years since you refinanced – or if you’ve never refinanced – now is a great time to compare loans and save.
Contact us today for a free no obligation confidential chat.