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Finally got around to calling my bank to lower the interest on my mortgage account - is 6.1% good for a variable homeloan? I'm guessing not and that's still probably best to go back to the broker and find out what else is out there.
I re-financed recently - currently on 5.69%. If your current bank won't budge, shop around.
Is that variable? I'm going to have to do this soon. Any perks for moving to the new lender?
Yep that's variable. Switched last month, already recieved a couple "we're increasing your interest rate" letters. Still sounds like my rate is good. I'd move if your bank won't give you a competitive rate, money savings to be had.
I've heard some banks offering lump sum payments to come over - I think a mate saved and managed to get $5k by going with Bank of Melbourne? But that was six months ago so not sure if that's still the same now.
Wow - yeah that's lower again. And to think before I called I was paying 7.2%. Thank you - I'll get onto the broker.
Mine is currently 5.67 so it's definitely up. Call the broker yep.
Huh, seems the consensus is to go below 6 - thank you, I'll shop around and see what I can come up with.
You might be able to get your bank to lower it with this information. Tell them you're looking elsewhere. My sister got a .5% discount doing the same thing last year.