New Comparison Service Allows Older Australians to Save Big on Their Home Loans
New Comparison Site Allows Aussies to Compare Loans from 25 Providers
For many older Australians with an investment property, home loan repayments can be an overlooked expense. However, with interest rates now at historical lows, most don’t even realise that they are paying more than they need to.
Thanks to a new comparison service, there might still be one area where you can save your pennies, and it’s easier than you think.
New comparison service HomeLoansAustralia.com is shaking up the home loan industry by offering ‘mum and dad’ investors the power to compare big brand home loan policies side by side, saving them time and money as they make informed choices about their mortgage.
The service comes as a relief as the rising cost of living in Australia is increasingly affecting older Australians. A 2015 study from Deutsche bank (in its fourth annual Mapping the World’s Prices report) found that Australia was the most expensive country to live in for four years running, with loan servicing costs being higher than other developed countries.
“Many Australians are paying exorbitantly high rates on their home and investment properties, considering current market conditions. For example, many older Aussies who’ve made the smart choice to invest, haven’t shopped around on their home loan for years,” says Founder Jonathan Leane. “We’ve designed HomeLoansAustralia.com to simplify the comparison process and make sure our customers are never afraid to search for something better.”
Using the service, Australians can compare multiple lenders, features, and interest rates all in the one place. The service saves time, but the biggest benefit for most are the dollar savings.
It’s all personalised too. When you first arrive at HomeLoansAustralia.com you’ll be asked for some basic details like your family type and home state. The system then searches its extensive database of lenders to find you products targeted to your needs, side by side so you can make an informed choice.
Since launching, thousands of Australians have already jumped on board. Over 20,000 Australians used HomeLoansAustralia.com to compare home loans this year, citing saving money as their number one reason for using the site.
HomeLoansAustralia.com is a trusted online service that makes comparison shopping for home loans easy. With the click of a button, they can help you find an affordable rate by stripping away the features you don’t use, while saving you money on what matters to you
Here’s How You Do It:
Step 1: Select your State below
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.