More positive news yesterday with some more banks and lenders offering fee waivers and increased interest discounts to new mortgage customers. This is good news for mortgage holders, if you are thinking about refinancing your home loan, or anyone thinking about a home loan for the first time.
Some banks have increased their interest rate discounts, especially if your home loan value is less than 75% of the property value. Some banks and lenders are waiving application fees, some offering to compensate some exit fees from your current lender, if you are thinking about refinancing your home loan.
Another Bank too, has announced, lenders mortgage insurance fee waivers on home loans between 80% and 85% of the property value (conditions do apply). This could be a significant saving, if you qualify.
Competition between the banks and lenders is certainly heating up. It may be a good time to consider comparing your home loan, to see if you could save some money. My service as a mortgage broker is free (I am paid commission by the banks or lenders) and totally obligation free, if you choose not to proceed. These are the banks and lenders I deal with, so there are quite a few, including the big four banks. Comparing your home loan costs nothing, and can be done via email, and may save you thousands of dollars. Contact me anytime for an obligation free home loan health check.
If you have any comments, please leave below, if you would like more personal home loan information, or to use my service as a mortgage broker, please contact me anytime.
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