Westwood Conveyancing

Are you ready to renegotiate your home loan?

Six tips to help you renegotiate your home loan

With interest rates at all-time lows, and lenders signing up fewer loans than usual, there’s never been a better time to get a better home loan deal.

And getting that better home loan deal could be as simple as asking the question.

With fixed-rate loans for less than 3 per cent, and standard variable rates starting at 3.09 per cent, combined with weak home lending figures, it may be the perfect time to start shopping around.

The big four banks, for example, are all now offering two- and three-year fixed rates for less than their variable rates.

Insights manager with comparison site Finder, Graham Cooke, told The New Daily that with lenders desperate to hold on to clients in the less fluid home loan market, it can be a case of simply approaching your bank or lender.

“Often, you don’t have to refinance, you just have to threaten to refinance,” Mr Cooke said. “And they will often go out of their way to keep you as a customer.”

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Source  :  https://thenewdaily.com.au/money/your-budget/2019/08/13/five-tips-to-help-you-renegotiate-your-home-loan/?utm_source=Adestra&utm_medium=email&utm_campaign=Morning%20News%20-%2020190814

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