How to negotiate a better deal on your Home Loan


Interest rate is the backbone of a home loan. It is that very thing which ends up meaning all the difference in the world between smooth repayments you don’t even feel, or struggling to make ends meet.

This is why it is not only important to make sure you get the right deal to begin with, but to also keep following up with your current lender to see if you can negotiate a better deal.

Many home buyers fail to realise that there is quite a lot you can achieve by simply seeking alternative options with your existing lender. It is well worth asking your lender if they can put forward any special offers to further strengthen your relationship. It is quite possible they might pull a special deal out of the hat for you.

Customers with a track record of on time payments have a higher chance of receiving these kinds of special offers from lenders. So it is important to neither miss nor delay any repayments. This will keep you in good standing with the bank and may attract interest rate reductions.

Looking around the market for better alternatives to your current deal and then taking this information back to your existing lender is always an effective method for securing a better deal out of them. It gives you bargaining power to imply that unless your current lender is able to match the deal offered to you by their competitors, you see no value in sticking around and suffering tougher repayments.

On most occasions you will find that this method of negotiation can be rewarding. However, there are many lenders out there who may not budge. Do not stress if this happens because we at are here to find you a better deal with another lender and the best news is, it’s a free service! We provide our service totally free of charge to our customers.

Call 1300 307 155 and start saving today!

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