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Should I pick the loan that has the lowest rate?


Mark Bristow
May 5, 2017( 1 min read )

We are unable to give advice or make any recommendations on what product to pick.

While the interest rate is important when selecting an affordable loan and keeping your mortgage costs to a minimum, there are other factors you may consider before refinancing your loan, such as:

  • whether you need an offset account
  • fixed vs variable rate
  • level of customer service from the lender
  • what all the fees are

A good way to assess this is to write down all the features you want in a home loan in order of priority. That way you have a checklist to go through when assessing each loan. Seek advice if you are unsure.


Related FAQs

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

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