Shopping for a Mortgage

Shopping around for a home loan or mortgage will help you get the best financing deal. A mortgage — whether it’s a home purchase, a refinancing, or a home equity loan — is a product, just like a car, so the price and terms may be negotiable. Shopping, comparing, and negotiating may save you thousands of dollars.

Research shows nearly half of all Australian homeowners have never refinanced*. It’s interesting that when our insurance renewals arrive, many of us take the time to shop around and check we’re still on a good deal, yet some of us are happy to sit on the same home loan for decades!

Gone are the days when we stayed with the same loan or lender for the full term of a home loan and we are often asked by our clients when and why they should review their loan. With the RBA cash rate still at an all-time low and various lenders continually offering new rates and loan products, it’s a good idea to have an annual home loan review.

Even with a changing market, it’s important that, any decision to refinance should factor your individual circumstances, current needs and your future financial goals. Our recommended broker may be able to help improve your current financial position or reconfirm that the current loan is appropriate for your situation.

Get in touch with us today and we can connect you with our recommended mortgage and finance broker who can talk to you about your financial situation and help decide what is the right move for you.