Beat the rate rise.

The Reserve bank and home loan providers will undoubtedly be looking to increase interest rates in February 2010 – the forth rate rise since October 2009.

You can beat the rate rise by

  • knowing your current interest rate
  • be prepared to negotiate with your existing home loan provider – let them know you are shopping around
  • contact a qualified mortgage broker and ask them for a complete home loan health check

You may find you could save up to 0.25 – 0.50% in your interest rate and you will have beaten the latest interest rate increase

Tell us your thoughts on banks increasing interest rates

Member questions asked online?

person

I had a pre approved loan for 100% on a property 6 months ago but my broker tells me the loan is no longer available , is this true and what is the maximum i could borrow now..
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person2

Is there any way I can search for loans by affordability percentage? (repayments as a % of income). If not, do you know of any with a high percentage? I currently save over half of my income, and it seems unfair this isn't taken into account with the big banks....
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person3

We are about to have our 2nd child and need a bigger house - my wont be going back to work. We have about 100k equity in our home and my income is $78,000 - what is the maximum we can borrow - we have no other debts, thanks
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' THIS WEEKS HINT '

The holiday season is over, check your statement and ask for a home loan health check

 

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