Save Thousands by Switching to a Better Home Loan Rate
Are you hoping for another cash rate cut? It might not happen soon. Experts say that high inflation numbers mean the RBA might not cut rates next month. But don’t worry. You can still save money.
“The bottom line for borrowers is, if you’re hoping for another rate cut next month, you might have to take action yourself.” – Ez Mortgage Broker
Competition is High
Lenders are still competing for new customers. They are offering great deals. The lowest variable rate in the market is now 4.89%. This rate is for owner-occupiers. Almost 30 lenders offer a variable rate under 5.25%. This is a huge opportunity for you.
The Best Rates Are Not at the Big Banks
The best deals are not from the big four banks. They come from smaller lenders. These lenders want to attract new business. They are giving very low rates.
According to Canstar and Finder, the lowest rate is from Easy Street. Their variable rate is just 4.89%. Other low rates are from lenders you might not know. These include Horizon Bank and Police Credit Union.
Some of the Best Variable Rates on the Market
Here is a list of lenders with great rates:
| Lender | Variable Rate (%) |
| Easy Street | 4.89 |
| Horizon Bank | 4.99 |
| Police Credit Union | 4.99 |
| Police Bank | 5.09 |
| Border Bank | 5.09 |
| Pacific Mortgage Group | 5.14 |
| RACQ Bank | 5.14 |
| The Mac | 5.17 |
| Qudos Bank | 5.19 |
| Bank First | 5.24 |
Rates are for owner-occupiers paying principal and interest. These rates are indicative only and are subject to change and may have specific eligibility criteria.
How Much Can You Save?
The average variable rate is 5.54%. Many people are paying even more. What if you have a $1 million mortgage? You could save over $145,000 over 30 years. This is by switching to a 4.89% rate. This means saving about $400 every month. If you are paying 6%, you could save $700 a month. That is a huge $250,000 over the life of the loan.
Take Action Today
Don’t wait for the RBA. You can make a change now. We can help you. We work with many lenders. We can find the best rate for you. We can show you how to save thousands on your mortgage.
Contact EZ Mortgage Broker for a free loan check. Find out how much you can save!
For more information, visit the Ez Mortgage Broker website.
