Shopping around...

Competition amongst the banks is heating up.

... and as a result homeowners with mortgages are being advised to shop around now that competition among banks is heating up and we see interest rates dropping.

ANZ and National have dropped their one-year fixed rate to the lowest it's been in 17 years, and more banks are expected to follow.

Executive director at the Commission for Financial Literacy & Retirement Income, David Kneebone says it's a good time for consumers, particularly those on floating rates, to test where their bank is at.

"I think now it's fair to say that the balance has swung back to consumers, and this is a good time for people to exercise the power that they have at their hands, and barter and shop around with banks and see what kind of deal you can get."
David Kneebone says now's the time to change lenders or at least think about it.


With this in mind, this is where you need a good mortgage adviser ...
True story: a Mortgage People adviser negotiated a 1 year fixed rate of 4.85% on a $300,000 home loan plus $2,000 towards costs for a client!


If you haven't used a mortgage broker before - what they do is simple, we get you the best possible mortgage that suits your lifestyle. Mortgage advisers negotiate with the lender on rate, contribution to costs and structure - so that your next or first home loan suits you and doesn't in anyway prevent you from enjoying life!

Alternatively, if you want to fast track repaying your mortgage, you need a good debt management programme that keeps you on the right path. In this instance you need a specialist mortgage adviser who can work through options that some mortgage advisers and banks just can not provide.

For a coffee and chat about your circumstances or to enlist a specialist mortgage adviser who will check the market out on your behalf freephone 0800 823 823 or email now!

Disclosure statement available free of charge on request.