If the fixed-rate period of your home loan is coming to an end, it can be daunting having to re-evaluate your home loan options and try to find the best deal for your circumstances.
This is especially true if you’re one of the hundreds of thousands of Australians who decided to fix their home loan interest rate at record low rates.
Two years ago, fixed rates dropped below 2 percent. Since then the Reserve Bank of Australia has hiked the cash rate an incredible 13 times, seeing borrowers roll off fixed interest rates below 2 percent to variable rates in the mid 6 percent.
So what are your options when you find yourself potentially having to pay thousands of dollars more each month to service your home loans?
Don’t wait for the RBA, get your own rate cut today!
What are your options when you come to the end of the fixed-rate period of your home loan?
Although the financial certainty of paying the same fixed interest rates on your home loan every month is ending, this doesn’t mean you have to automatically revert to your existing lender’s standard variable rate.
You may decide to negotiate a new fixed-rate term with your existing lender, however bear in mind you’re taking the risk of locking yourself into current interest rates for a set period of time just as many forecasters are predicting that the Reserve Bank may decide to drop interest rates.
The end of the fixed-rate period of your home loan also provides you with a great opportunity to refinance if you have enough equity in your property.
Switching your home loan provider may seem like a hassle, but with Mates Rates Mortgage Brokers, the process is seamless and highly beneficial. We not only talk you through your options and find the best rate for you – we also save you tens of thousands of dollars for the term of your loan!
Why make the switch to Mates Rates Mortgage Brokers?
Comprehensive loan comparison
We understand that navigating the myriad of home loan options can be overwhelming. Our expert brokers do the heavy lifting by comparing various loans and lenders to find the best fit for your needs.
This comparison goes beyond just interest rates, taking into account features like offset accounts, redraw facilities, and flexible repayment options.
Time and money savings
By letting us handle the loan comparison and negotiation process, you save precious time and avoid the complexities involved in dealing with multiple lenders.
Our extensive knowledge and experience in the mortgage market enable us to secure the most competitive rates and terms on the market, ultimately saving you money over the life of your loan.
Seamless transition process
We make the transition to a new home loan as smooth as possible in 4 easy steps.
In your initial consultation you’ll discuss your financial situation and goals with our expert brokers. We then research and present the best loan options tailored to your needs.
Our team assists you with the application process, ensuring all your paperwork is accurately completed and submitted.
And then we provide ongoing support post-settlement, we continue to provide support and credit your loan with the monthly cash-back.
Unique cash-back incentive
One of the standout benefits of switching to Mates Rates Mortgage Brokers is our exceptional cash-back incentive.
Unlike other brokers, we credit ALL of our broker trailing commissions back to you as a cash-back credit to your home loan EVERY SINGLE MONTH for the life of your loan.
This cash-back can significantly reduce your loan balance faster, leading to substantial savings in interest payments over time.
How our cash-back incentive works
Our Mates Rates Mortgage Brokers cash-back program is straightforward and transparent:
- Monthly Credits: Each month, we credit the full amount of our trailing commission to your home loan.
- Lifetime Benefits: This benefit continues for the entire duration of your home loan, providing ongoing financial relief.
- Accelerated Repayments: With the additional monthly credits, you can pay off your home loan quicker, reducing the overall interest paid and helping you achieve financial freedom sooner.
How much money could you save with our cash-back?
As your fixed-rate term of your home loan ends, switching to Mates Rates Mortgage Brokers can provide significant financial benefits and real peace of mind.
Our comprehensive loan comparison service, combined with the unparalleled cash-back incentive, ensures you get the very best deal on your home loan while saving time and money.
You can find out just how much money you can save by using our free Cash-back calculator.
Contact us today to explore your options and get your own rate cut today!
