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The biggest mistake you can make with your home loan

Aussies without mortgage buffer vulnerable to financial risk

Interest rates are going up, putting home owners in a tight spot. It’s hard to know what to do: lock in a fixed rate now or hold on to a low variable rate for as long as possible?

The biggest mistake many people make with their home loan is by not refinancing to get a better deal. There may be many reasons to stay with your current lender, but they could all end up costing you money in the long run.

Here’s How You Do It:

Step 1: Select your type of property 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.

No matter what type of loan you’re on, finding the lowest rate is your best shot at saving. However, refinancing is especially important for homeowners on interest-only repayments. Interest-only rates are likely to be the hardest hit by rate hikes, which will not only cost you more money but also prolong the life of your loan.

Don’t let misconceptions stand in your way of saving money on your home loan. There are so many mortgages on the market from a range of trusted lenders that there’s a good chance you can find a better price and still retain the things you like about your current lender.

Nothing to like about your current lender? That’s an even better reason to switch. Lenders today are prioritising customer service and convenient features like money management apps, so there’s no reason to stick with a bank who doesn’t value you as a customer.

Before you roll your eyes at the hassle associated with switching lenders, consider the fact that it’s no longer a pain to refinance your mortgage. Home Loans Australia is an online service that combines advanced technology with expert financial advice, allowing you to find a better deal in a short time.

Start by getting an online quote, which lets you quickly compare available rates from over 27 trusted lenders. From there, you have access to free advice from a home loan expert, either face-to-face or over the phone.

You’ll have the information to help you make a smart choice about your home loan. On top of that, your consultant will guide you through the process and take care of the paperwork for you. The process is made as efficient and stress-free as possible, which is how saving money should be.

Home owners who are bracing themselves for rate hikes don’t have to sit back and wait for higher prices. Shop around with Home Loans Australia to find a lower rate before it’s too late.

Get Started Now:

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.

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