It may surprise you that many Australian borrowers spend time getting their new home loan established but don’t always spend the time making sure their loan continues to be the right loan for them. It is as easy as a 30 minute consultation with a Mortgage Broker to ensure you are still in the right home loan for you.
Ask yourselves these 6 simple questions.
- Am I paying an unreasonably high interest rate?
- Am I paying outrageous fees?
- Am I frustrated by inadequate service?
- Does my loan give me the features I need?
- Am I paying for features I don’t use?
- Have my financial circumstances changed?
If the answer to any of these questions is yes then it might be time to speak to a mortgage broker about finding the right loan for you.
The simple fact is that banks and lenders’ appetite for lending and different loans types (owner occupied vs investment home loans) changes over time and at the same time your requirements are also likely to change over time as well.
At the time you set up your home loan the lender have been the right lender for you and your financial situation however things change.
I had a recent example where a customer was considering a change in their investment strategy, which included purchasing an additional investment property. They decided to speak to us to do a home loan health check and to see if there was a better alternative than their current lender. After a 30 minute consultation with the customer and some searching and comparing completed by Thyme Financial Group we were able to go back to the customer the next day and show the customer a $21,000 saving annually by moving their existing debt to a new lender.
There is no time like the present to pick up the phone and have a conversation with a mortgage broker. At Thyme Financial Group we offer an obligation free home loan health check, which will compare your existing home loan to the market. We have access to 20 home loan lenders and a combined 43 years Banking experience we will spend the time to find the right home loan to suit your situation.