Review your mortgage and quit paying the ‘lazy tax’
Find out why now is probably the best time to review your current home loan.
Everything changes, including interest rates, your household income, and the size of your mortgage. You might be making more money (or less), have more children, moved to part-time work, or decided to purchase an investment property. Along with these changes, it only makes sense that your home loan might need to change too.
Reviewing your current mortgage may save you more than you expect. As with house, car and health insurance, mobile phone plans, electricity and gas supply and more, we may be paying the penalty of higher rates or premiums just because we can’t be bothered looking around for a better deal. That’s the ‘lazy tax’.
Whether your home loan lender has reduced rates, increased them, or left them on hold in the past 12 months, it’s a good idea to survey the loans market to see if there’s a better deal to match your changed circumstances.
At Mortgage Broker Sydney, we’re happy to help you assess your current loan. Does it still suit your financial position? Do you want more flexibility, or just the lowest rate possible? We have the experience and expertise to ask the right questions and then research the current range of home loans.
Make a change for the better
We’ll present you with options: sometimes we’ve been able to renegotiate a better rate or additional services with your existing lender. This is a double win: you get a better deal without having to switch banks.
Sometimes, though, we’ll uncover a new lender with a deal that’s just too good to refuse. Sure, changing banks – and setting up all your direct debits again – is a real drag, but if it’s going to save you thousands of dollars, it might just be worth it.
If you do decide to take out a new loan, we’ll help with all of the paperwork, making sure the process is as effortless as possible.
Contact Mortgage Broker Sydney today for help and advice assessing your mortgage. Best of all, our service is FREE for you.
Phone: 1300 983 670
Marc is a Mortgage Broker based in Melbourne with nearly two decades of experience. In his 18 years mortgage broking he has helped arrange too many loans to count but he still loves his work because he loves saving people time, effort, and money.