Advertorial
Monday 5th May 2025
The COST of NOT Switching Your Home Loan Today
Many Australian Homeowners and Investors become complacent and are loyal to their bank. But what is your loyalty ACTUALLY costing you?
Currently interest rates can vary up to a full 1% which can make a massive difference on your monthly costs and interest charges.
Let’s look at an average mortgage of $500,000 where you are currently paying 3.3% on your interest rate. With the recent cuts we are seeing home loans for homeowners as low at 2.49% – that’s a variation of just over 0.8%. Let’s look at how much you can save each month by switching your home loan TODAY.
Yes that’s $2512 each year or $209 per month.
Over a 25-year term that’s over $64,000 in additional repayments that the banks will take from you just for your loyalty – thanks very much!! Best of all, it costs you nothing to enquire with a broker on whether you can save and how much you can save by switching.
Speak to a broker today! Here’s how:
Step 1: Select your loan type below.
Step 2: After answering a few questions you will receive a FREE no obligation call to see if you qualify to save $1000’s off your current home loan or apply for a new loan.
If saving on average $209 PER MONTH (based on a $500k loan with a 0.8% difference in the interest rate ) doesn’t get you excited, let’s look at a scenario whereby you used these savings to make additional repayments off your home loan. Even on a fixed loan, most banks allow you to make additional repayments. If you were to use this $209 in monthly interest savings, to make additional repayments off your loan, then you would shave almost 4 YEARS OFF your standard 25-year loan term.
You can join the 1000’s of smart Aussie homeowners by switching today
Get Started with an Expert Mortgage Broker? Here’s how:
Step 1: Select your location on the map below
Step 2: After answering a few questions we will partner you with an expert mortgage broker for a FREE no obligation chat
