What is mortgage complacency costing you ?

The first thing many people do when they receive their greenslip renewal for their motor vehicle insurance is jump on the internet and look up an on-line comparison site to find the best offer – then switch their business across to that provider to save between $50 and $150.

Yet many of these same people leave their mortgage ticking away in the background. Were they to spend around the same amount of effort – they might find that the savings could be measured in the tens of thousands of dollars over the life of the loan.

With variable rates in the mid 4 %’s, if both their mortgage balance and interest rate have a 5 at the front – then the savings could be well in excess of $100,000 over the life of the loan.

Banks profit significantly from complacent customers.

Refinancing has never been easier – and with so many competitive rates on offer – there never has been a better time to review your mortgage provider.

For a free home loan health check, call me today on 0414 259 699

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