With interest rates currently at unprecedented lows, all mortgage holders should be asking their broker if it’s worth refinancing their home loan. There are many exceptional lending deals in the marketplace that can be taken advantage of – it is also common for lenders to offer these deals to new customers and not existing customers.  Due to this, many mortgage holders are not aware that they can get a better loan at a much lower rate than they are currently paying.  Even if you think your current rate is OK, it is always worth checking to see if there are savings to be made.

At Carbon Finance & Lending, we offer an obligation and fee-free mortgage review to see if your loan is structured correctly and to check if you could be getting a lower interest rate.
Recently, we have saved some of our client’s thousands of dollars per year in interest just by switching banks.  It can also be possible for us to negotiate with your existing lender, on your behalf, for a better rate to save you money.

Recent examples:

Mrs X had a $480,000 mortgage at an interest rate of 5.2%.  We refinanced her to a major lender with a split loan with some variable at 4.4% and some fixed at 3.85%.  She saved over $6,000 per annum in interest.

Mr & Mrs Y had 3 variable loans with a smaller bank – some home loans and some investment loans – totalling $1,010,000 with rates for each between 4.25% and 4.89%.  By refinancing to some fixed and some variable loans at rates between 3.89% and 3.99% we have saved the couple nearly $9,000 per annum in interest.

What have you got to lose? Why not start your new year by reviewing your home loan! Call Carbon Finance & Lending to see if we can find you a better deal. With interest rates at an all-time low, you may be able to save $1,000s! Contact Carbon Finance & Lending.