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Have You Considered Reviewing Your Current Loan?

Have You Considered Reviewing Your Current Loan?

By Prime Advisory, 30 March 2021

There has never been a better time than now to capitalise on the low-interest rates. This is not just for first-time buyers racing in to get their initial loan to buy their first home or investment property. This is also the right time for existing mortgage holders to capitalise on lender competition and super low-interest rates.

Despite interest rates dropping to historic lows, less than 10% of Australia’s mortgage holders have refinanced. That means millions of mortgage holders are paying extra interest inadvertently. About half of surveyed home loan holders are unaware of their home loan rate.

Loan Market Lower North Shore works closely with PrimeAdvisory and has recently come out with the Mortgage Health Check. A 3-minute survey that can help you achieve considerable savings. It’s a new value-added repricing tool that allows us to reprice your current loan with your current lender.

“How did we help our client Alex save $10,560 in interest on his home loan? Alex, like most of us, hadn’t thought about reviewing his loan. He completed the mortgage health check, which allowed us to approach his bank on his behalf. Within 48 hours, we had negotiated a call from his bank to reduce his rate from 3.11% to 2.58%, saving him $4,240 pa in interest. But we didn’t stop there. We showed him an offer from another lender at 2.39%, which saved him a further $6,320 pa in interest. Alex was indeed very pleased, and we were delighted we could help him too”.

If you are interested in seeing how we can help you achieve considerable savings, click here https://mortgagehealthcheck.net/?utm_source=Prime&utm_medium=Newsletter&utm_campaign=March

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      The information contained on this website has been provided as general advice only. The contents have been prepared without taking into account your personal objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.