If you are moving home, it can be important to speak with a good broker that can explain your options. Too many people fall into the trap of accepting the loan that is offered to them by their old lender, without realising that there can be much more competitive options.
Sometimes you can exercise the portability feature on your loan and move it from your previous home to the new one, and bypass the need to pay break costs and new establishment fees.
However, often the loan that you previously had has become outdated, and can be replaced with a cheaper or more flexible option. In fact, if we can save you just 1 quarter percent, this can add up to tens of thousands of dollars over the life of the loan due to the compounding effect of the savings.
Even if you are happy with your existing bank, Contact Us for a free comparative analysis – just to be sure.