Better home loan deals
The bigger your home loan, the more options you usually have in terms of discounted rates and flexibility. If, for instance, you are borrowing more than $300,000 – you can usually negotiate up to 0.7% off the standard variable interest rate and there are usually discounts that can be negotiated on fixed rates as well.
Assistance with negotiating discounts on larger home loans
For expert assistance with negotiating a better home loan deal or for more information on the home loans available that are in your best interest, fill in the form below and we will return your enquiry within 2 business hours. Or call us at any time on 13 LOAN or direct on +61 2 9249 3739.
The more attractive you are to the lender, the more likely you are to get a better home loan deal. The extent of your entire borrowings with the ‘target’ lender, including other properties and assets, deposits and loans will also impact on your ability to negotiate on the basis of all your entire borrowings, not just the one on the table. If you are refinancing and wish to stay with your current lender, but are happy to take all or some of your business elsewhere, this can also be very useful.
Choose your home loan wisely for maximum benefit
A better interest rate does not remove the need to choose your home loan wisely; no matter how low the rate or how much you borrow, there is still no point in paying fees for features and options you don’t need. Consider your circumstances, finance structures and lifestyle carefully before selecting an appropriate home loan.
What else is potentially negotiable?
Establishment fees, particularly if the lender you are looking at or one of their main rivals is already offering to waive establishment fees on other home loan products.
