Review My Rate
The most important thing you can do to save money
Doing a regular interest rate review is the single most important thing you can do to save money on your expenses. For most clients, their largest expense is their home loan.
Ask yourself this: when was the last time your bank contacted you to offer you a better rate or told you that your interest rate is higher than they are offering to new clients? When was the last time your broker proactively reached out to say they had reviewed your current interest and negotiated a better deal?
At Loan Market Double Bay, our point of difference is to conduct an interest rate review for every client, every year. On average, we are doing 20 reviews a day. Whether you are an existing client or not, we can complete an interest rate review for you at no cost to compare your current interest rate against the market.
Why you should review your rate
Banks today offer better pricing if you have more equity in your home, which is the difference between what you owe and the property value.
- As your home appreciates in value over time, the banks could offer you a better deal.
- This only happens if you ask for it and if you know the process and words to say.
- Banks do not want to lose existing clients.
- When faced with a choice of matching or coming close to matching the competition, they often choose to lower your interest rate rather than losing you.
How it works
To get started, click through to the contact page and in addition to the usual contact details answer 4 questions:
- Who is the current lender
- What is the current interest rate
- Is it owner occupied or investment
- How much do you think the property is worth
Once submitted, we will compare your current interest rate against the market for you.
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Useful tools
Use these handy loan calculators to help you calculate how much you can borrow, figure out how much you need to set aside for stamp duty charges, see how much you could save on your mortgage by making extra repayments and more.
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