How would you like to save yourself $6,000?
That is what many of our clients are achieving by making sure the banks do the right thing.
Recent research from the Reserve Bank of Australia shows a massive gap in interest rate between existing and new loans – proving that it pays for home-owners to shop around between lenders.
Banks are actively competing for your business – one will even pay you $4,000 to transfer to them!
But some lenders are keener to win your business than others. One lender is even offering an interest rate of 2.09 per cent.
And this is where your Origin broker kicks in – we know which lender will offer you the best deal to refinance your home loan to them.
And things are getting easier for both sorts of borrowers – investors and owner-occupiers.
A few years ago, investment loans were much more expensive than owner-occupied loans. But now, according to the RBA, the difference is negligible – two lenders now offer new investors rates as low as 2.49 per cent.
So, the Reserve Bank reckons there are some good deals out there if you look to refinance your home loan. What are you waiting for? Your hip-pocket will thank you.
For a no-obligations consultation on how to save money on your home loan, please contact your Origin broker on 1300 30 67 67.