Just check the interest rate you're paying on your home loan and chances are, you could do better.
In an analysis of variable rate mortgages from more than 100 lenders, Canstar found that on a loan of $300,000, which is the national average loan amount, the difference between the average and cheapest loan was $160 per month, and $1900 per year.
Over 25 years, this equates to around $45,000.
Interest rates as of 27th September and subject to differing loan packages of 4.74% - 5.77% from a comparison rate perspective
HOW MUCH YOU COULD BE SAVING ON YOUR MONTHLY LOAN REPAYMENTS???
State Average loan Monthly gap between the average and cheapest
NSW $335,000 $179
VIC $292,000 $156
QLD $282,000 $151
WA $295,000 $158
ACT $328,000 $175
TAS $208,000 $111
NT $333,000 $178
National $300,000 $160
If you're paying more than the average, it's time to give Assertive Financial Group call to negotiate on your behalf with your current lender and if they can't do a better deal, we will source a suitable lender ensuring you save a minimum of $1000 off your current mortgage per annum.
(Source: www.canstar.com, www.news.com.au)