Home News How to negotiate a good deal – the expert secrets

How to negotiate a good deal – the expert secrets

Font size :
The power that borrowers once had to play lender against each other may have been diminished by the recent credit crisis but it has not been lost forever. In fact, there is no better time than now to negotiate on your mortgage.
 
The first six months of the year saw the spread of interest rates widen across bank and non-bank products, as lenders began to raise their rates independent of the Reserve Bank of Australia.
 
However, as inflationary pressures stabilise and the interest rate environment begins to settle, competitive lending is beginning to show signs of life.
 
“Competition within the mortgage market appears to have resumed,” explains Michael Lee, consumer services, Mates Rates Mortgages. “The good news for borrowers is the high cost of wholesale money, which triggered rate rises independent of the Reserve Bank, has started to ease. This means cost driven pressure for lenders to move independent of the RBA should also reduce.”
 
To read more about negotiating on your mortgage deal, check this month’s issue of Your Mortgage on sale throughout the month of August.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

Choosing the right mortgage is hard for many first-home buyers Choosing the right mortgage is hard for many first-home buyers

Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

To break monopoly, many smaller lenders could become banks To break monopoly, many smaller lenders could become banks The proposed change could break the Big Four’s monopoly over the mortgage market and help families get cheaper home loan rates ... Read more

Borrowing against the home: A strategy to pay for aged care Borrowing against the home: A strategy to pay for aged care Such debts can generally be divided into long-term and short-term loans ... Read more

More mortgage news and articles

Sponsored Links

Monday, Jul 24, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords