7 Oct 2010
Are you paying more on your mortgage than you should be?
I came across an interesting article
the other day in the Sydney Morning Herald
stating that homeowners could be paying more than $75,000 then they need to be on their home loan because they don’t ask for discounts.
Apparently a large percentage of Australian mortgage holders are just too afraid to ask for better deals on their home loans, or maybe they just aren’t aware of them.
Banks and other lenders want to keep your business, so if you are unhappy with the rates or fees you are paying on your home loan you should speak up about it, after all the worst they can do is say no.
It helps to do your research too. If you find a home loan deal that is better than the one you are currently on, approach your lender about it and see if they will match it. If you don’t get the answer you want speak to different people until you do.
So go and talk to your home loan provider, you never know you could end up saving yourself thousands of dollars.