Too loyal or time-poor for a better rate? Problem solved
Another month, another rate cute. Finance can be so tedious
That is until you realise it could mean more money in your pocket. But how?
For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket.
And for their trouble, or lack thereof, these people are often slugged with a ‘lazy tax’ – the price paid for staying put.
Loyalty too, or simply being time-poor, can also be offences punishable by debt in the world of finance.
But it doesn’t have to be this way.
A 2018 Australian Competition and Consumer Commission (ACCC) report showed that new borrowers with an average-sized residential mortgage paid up to $850 less a year in interest than existing borrowers with the same lender.
However, despite the apparent benefits, actively ensuring an interest rate remains suitable is a practice that continues to elude many.
Fortunately, there are people out there whose job it is to assist in this process. Like us, Just Imagine Finance
Mortgage brokers can play a vital role in assisting borrowers through the process of ensuring their mortgage is competitive.
So what are you waiting for? Contact us now for an obligation free chat. It could save you money
Write about something you know. If you don’t know much about a specific topic, invite an expert to write about it. Having a variety of authors in your blog is a great way to keep visitors engaged.