We Helped a Client Save $13,200 per year! Maybe we can help you too.

The Herald Sun has reported that more than one million Australians are looking to switch their mortgage to another financial institution.

Research conducted by CoreData revealed that 23 per cent of mortgage holders had started looking around for a new bank or lender.

This indicates that there is a widespread belief that the big banks have profited unreasonably by increasing interest rates above and beyond the increases handed down by the Reserve Bank of Australia (RBA).

In fact, more than 43 per cent of the people surveyed said the banks lifting mortgage rates more than the official Reserve Bank rise prompted them to actively consider changing financial institutions.

Leonie Jackson said “Due to the constantly changing credit market, we encourage our clients to review their home and investment loans on an annual basis.” She went on to say that “What was previously the best loan just 12 months ago may now be costing borrowers’ money, particularly since many of the banks have increased rates above RBA increases.”

“The problem is that many borrowers don’t realise that there may be better deals available, or that there is such a difference in rates between the banks and lenders. In a recent review we were able to save a Client $1,100 per month, that’s $13,200 per year on a $410,000 mortgage and that isn’t uncommon.” Said Leonie.

“It’s not unusual for at least a percentage point difference between the variable home mortgage rates currently on offer. On a $300,000 mortgage this can mean that you’re paying $3,000 per year more than you have to.”

But comparing loans can be a time consuming and confusing task, not to mention trying to decipher the different credit policies and product features. That’s why at Great Aussie Dream, offer a FREE Home Loan Health Check. We do all of the legwork, comparing hundreds of different loans from dozens of banks and lenders to find the right loan for your needs and your pocket.

If you would like us to compare your loan with the current deals available, just follow the link below and fill out the online form or give us a call on 1300 72 68 48.

“Kicking off 2011 by making sure that your Home Loan is healthy is a great way to stop wasting money and get a great start to a prosperous year.” Said Leonie

Home Loan Health Check