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Sale

Who are the lenders?

All the lenders participating in the Switch & Save Sale are regulated by either the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC)...

Mark Bristow

Mark Bristow -

04 May, 2017 -

3 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

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

I am looking to buy my first home – can I access the sale?

Unfortunately, the Switch & Save Sale is only for people who already have a home loan and want to refinance. There are thousands of other products on the ratecity.com.au site for first home buyers to consider outside of the sale event.

Mark Bristow

Mark Bristow -

05 May, 2017 -

1 min read

Sale

How do you determine which products I am shown?

When you sign up to the Switch & Save Sale, you’ll supply some basic information about your current loan including...

Mark Bristow

Mark Bristow -

05 May, 2017 -

1 min read

Sale

How have you calculated the savings?

The calculations are a model only, and not a prediction. The results are only estimates, whereas the actual amounts may be higher or lower. We cannot predict things that will affect these results such as changes in interest rates and their differentials.

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

Is switching simple? Why should I refinance?

Refinancing is when you change your home loan from one loan to another – provided either by the same lender or by switching to a different lender. When you refinance, you are technically paying out your old home loan early and starting up a new one.

Mark Bristow

Mark Bristow -

04 May, 2017 -

3 min read