When should I switch home loans?


Liron Nehmadi
Jul 1, 2016( 1 min read )

The answer to this question is dependent on your personal circumstances – there is no best time for refinancing that will apply to everyone.

If you want a lower interest rate but are happy with the other aspects of your loan it may be worth calling your lender to see if you can negotiate a better deal. If you have some equity up your sleeve – at least 20 per cent – and have done your homework to see what other lenders are offering new customers, pick up the phone to your bank and negotiate. If they aren’t prepared to offer you lower rate or fees, then you’ve already done the research, so consider switching.


Related FAQs

Yes. These deals have been created by the lenders specifically for the RateCity sale, and are not available elsewhere. That said, lenders sometimes run special offers at other times which might be similar.

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