There’s no doubting we’re in the midst of a lending war and all the major players are doing whatever it takes to win more business, including heavily discounting their interest rates and fees.
Continuing with our ‘spring clean’ initiative we thought it would be useful to take a look at how these popular lenders compare on interest rate at the moment…
|Lender||LVR < 75%||LVR > 75%||Ongoing Fees|
|FASTLend [broker only product]||6.75%||6.85%||$330/yr|
|ANZ – Breakfree Package||6.90%||6.95%||$375/yr|
|CBA – Wealth Package||6.91%||6.96%||$350/yr|
|Westpac – Premier Advantage||7.16%||7.16%||$395/yr|
[Source: individual lender website and communications as at October 2011]
Keep in mind your bank will not call you to discuss switching you to a cheaper rate with them, let alone tell you about a competitor who is offering a better deal.
If you need proof your bank doesn’t have your best interests at heart click here to read a recent eye-opening story on the hard sell tactics of the big banks [as featured in AdelaideNow.com.au]
What you need to do…Get us to professionally assess your situation and uncover what options you have available. In most cases you can expect to achieve one of two outcomes;
1. Change Nothing – we find that you’re currently on the best possible deal for your financial situation and suggest you keep things as the are;
2. Switch & Save!– we find you a significantly better deal and help you to save thousands of dollars!
The current level of lender competition is unprecedented and won’t last forever – so take action and call us on 08 8451 1500 or simply reply to this email to request our assistance.
Your Partner in Success,
Finance Adelaide, Home Loans Adelaide