Switching to a new bank can help you negotiate a lower interest rate. The interest savings are for you to keep, or simply use towards paying off more of the home loan itself.
Having the right structure on your home loan may help you pay off the loan sooner than a bank’s standard 30-year loan term. Restructuring may allow you to pay the home loan quicker, saving thousands of dollars in interest repayments over the terms of the loan.
Depending on your personal circumstances, you may want to access bank products. These could be credit cards with home loan interest rates or offset facilities which combine the balances of your everyday accounts and subtracts these from the total owing on your mortgage, to reduce the interest you pay.
We provide a range of mortgage calculators to help borrowers better understand their finances and how much they can borrow or save.
We have strong relationships with all the banks, as we are in everyday contact with them we understand the better deal available (interest rate and cash back) for your situation.
This table compares the latest interest rates between the major banks. Remember a better structure to your mortgage is the quickest way to reduce the interest you pay, not the rate. We work with you to get the best rate and term to meet your goals.
For the Best Current Interest Rates contact our team on 0800 578 578.