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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Home Loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all provider sand may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Home Loan, you will deal directly with a financial institution, and not with RateCity.

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Search, compare and apply for home loans and mortgages online at RateCity.com.au

With home loan interest rates at the lowest seen in years, homeowners are wondering if it is a good time to switch over to a fixed rate. Switching mortgages to lock in a lower rate is an assessment that should be considered thoroughly. Take care to follow RateCity's four golden rules before you make a formal decision.

  1. Add up all costs to see how much you need to pay to settle your current loan and sign into another one. Break costs and deferred establishment fees can be expensive. Take time to do the math as the outgoings could easily outweigh any savings gained.
  2. Understand the new mortgage you're signing into. Does it have a honeymoon rate or introductory period?
  3. Make sure they deliver accurate calculations on the term of the home loan.
  4. Negotiate to get a better deal with your existing lender first. If they aren?t prepared to accommodate your needs look elsewhere for a better deal.

For more information on home loan refinancing or would like to compare the cheapest mortgage interest rates, visit our home loan comparison page.

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About Mortgages Articles

RateCity provides mortgage news and features, including a range of weekly stories and economic updates. By checking our mortgage news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best mortgage for you, help yourself understand the market by reading mortgage news and features at RateCity.

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