Many people set up a home loan and don’t look at it again for years. Rates, lender policies and your own circumstances all change, so a regular review is a good habit.
Signs a review could help
- Your fixed rate is ending soon
- You haven’t compared your rate in a year or more
- Your income, family or plans have changed
- You’d like to renovate, invest or consolidate debts
- You’re paying for features you don’t use
What a review involves
George looks at your current rate, fees, features and loan structure, then compares them with what’s available. Sometimes the answer is to ask your current lender for a better rate; sometimes moving makes sense. Either way, you’ll see the costs of switching, such as discharge or break fees, before you decide.
This article is general information only and does not take into account your objectives, financial situation or needs. It is not credit advice. Credit Representative 406032 is authorised under Australian Credit Licence 384408. Australian Credit Licence 384408 is held by Elders Home Loans Pty Ltd (ABN 22 118 064 654).
Let’s talk about your next move.
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