If you have a home loan of $500,000 and have an interest rate of say 4.5% associated, you are liable to pay $22,500 per annum in interest repayments.
Some banks are offering mortgage loans with interest rates as low as 3.70% in the current environment! Terms and conditions apply*.
Applying an interest rate of 3.70% onto a mortgage of $500,000, that equates to $18,500 payable in interest per annum.
Saving you $4,000 per annum in interest repayments! That money saved could be redirected onto the principal value of your home loan, reducing the debt you owe and boosting your equity position.
* Not all borrowers are eligible to receive this interest rate. It is opportune to speak with a trusted mortgage broker who can source the best loan structure for you. We work with trusted, professional Mortgage Brokers who could help YOU access the best loan arrangement for your home and/or investment property/ies. Contact us on 07 3547 9100 for an introduction to a trusted mortgage broker. We are not affiliated and do not receive any kickbacks or referral payments for referring you to our trusted mortgage brokers.
Mortgage brokers have access to a variety of banks and credit unions. They can compare and source the best loan rate and structure for you. Additionally, they can negotiate with banks and arrange for all paperwork on your behalf.
Our trusted mortgage brokers will explain the entire process to you to ensure you are comfortable and happy with the loan provider recommended.
It doesn’t cost you a thing! Mortgage brokers are paid from the bank of choice once your loan has been approved.
Should you have any questions in relation to your home loan structure/s or repayment affordability, please do not hesitate to contact us on 07 3547 9100. If you would like the details of our trusted mortgage brokers, please contact us for this information.