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Sale

What are the costs involved in refinancing?

Switching lenders usually includes some costs, such as a discharge fee from your existing lender and upfront fees from your new lender, including application fees, settlement fees, legal fees and valuation fees.

Mark Bristow

Mark Bristow -

05 May, 2017 -

1 min read

Sale

You’ve estimated the average person can save up to $39K*, how have you calculated this?

What we’ve done is work out how much you could save if you switched an average-sized mortgage from the average discounted variable rate offered by one of the Big 4 Banks to the lowest variable rate in our sale. We’ve then factored in the discharge fees, application fees and ongoing fees to work out the savings over a 15-year loan term. For more information, see our Assumptions.

RateCity

RateCity -

28 Apr, 2017 -

1 min read

Sale

I want to refinance but I’m on a fixed rate. Can I?

People on a fixed rate can apply for a variable rate, however your current lender is likely to charge a hefty break free for terminating your fixed rate early, which might not make it cost-effective for you to switch. It is best to work out what these break fees are first so you know what costs you are in for. Seek advice.

Mark Bristow

Mark Bristow -

05 May, 2017 -

1 min read

Sale

I am interested in a loan that isn’t in the sale but is from one of the lenders on sale – can I get the cashback/fee waiver?

No. Unfortunately the sale offers are limited to the products on sale only.

Mark Bristow

Mark Bristow -

05 May, 2017 -

1 min read

Sale

Should I pick the loan that has the lowest rate?

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

Mark Bristow

Mark Bristow -

05 May, 2017 -

1 min read

Sale

What is the Switch & Save Sale?

The Switch & Save Sale is Australia’s first industry home loan sale.

RateCity

RateCity -

28 Apr, 2017 -

1 min read

Sale

How does it work?
RateCity

RateCity -

28 Apr, 2017 -

1 min read

Nonspecific

How can I be sure that communications that I receive from RateCity are legitimate?

While scam techniques can and will change over time, and are becoming increasingly sophisticated, there are a few things that you can look out for to make you think twice about whether a message is real.

Leigh Stark

Leigh Stark -

19 Jan, 2023 -

1 min read