Are Mortgage Refinance Rates Negotiable?
Exploring your home loan with a moneyhive lending specialist gives you a great opportunity to test the mortgage marketplace. Staying with your current lender may not give you the best case outcome.
Let’s look at an example
If you were able to refinance your loan from say 4.25% to 3.59%* what would the saving look like.
(*3.59 represents the lowest P&I rate available from our lending panel at the moment)
Let’s assume you have a loan size of 500,000 and a 25-year term.
Your saving in year 1 alone is $ 2,000, with a staggering 30,000 saved over the life of the loan.
Over 50% of Australia mortgages are now processed by brokers. The broker’s ultimate goal is to match you with the best loan available in the market for your circumstances, this is a powerful way to ensure you are getting the best deal possible.
And here is Why!
- Choice – Typically brokers now have 20 to 30 lenders on their panels to ensure you are given the best choice of loan and features for your requirements.
- Pricing – Ensure that you are able to access the best pricing for your loan in the current market.
- Relationship – We have a strong commitment to one on one service and not only for the initial interaction, but with consistent updates through the course of your loan. You will have a lending specialist who will be with you through the life as customer with moneyhive.
- Fee Free – Brokers are paid by the lenders in commission so you have no out of pocket expenses. So if a moneyhive lending specialist can help you achieve a better loan outcome both in requirements, flexibility, and price while costing you nothing. What is there to lose!
click the refinance options button below, provide us with a few details about your current loan and we provide you with a free loan report completely free of charge.
You can then book a time that suits you for a one on one phone discussion about your requirements.
to your success,
The moneyhive team
This Article is for informative purposes only and should be considered general in nature. The article does not take into consideration any personal objectives or circumstances nor constitute an offer of finance.
