InfoChoice, its directors, officers and/or We are not owned by a bank or an insurance company. InfoChoice lists more than 2,000 financial products from 145 Australian banks, credit unions, We've been helpingĪussies find great offers on everything from credit cards and home loans to savings and personal InfoChoice is one of Australia’s leading financial services comparison website. Please read Important Information about how we make money, the products we compare and other important information about our service. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. Products included on this site may not suit your personal objectives, financial situation or needs. Any advice provided on this website is of a general nature and does not take into account your objectives, financial situation or needs. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. Please let me know if there is anything else I can assist with.© InfoChoice Pty Ltd ABN 93 061 105 735 AFSL and Australian Credit Licence number 349445. If you're in a fixed-term contract with your current lender, it may be a good idea to speak with them about any break costs you may be charged by them.įor more information about how we value properties, see here: To discharge from your current home loan, we'll provide you with a discharge form which we submit on your behalf. We also deal with the whole refinance process. You can find a more detailed breakdown here: Read moreĭuring settlement, you may be subject to other, third-party costs (like government stamp duty, or our digital conveyancer's fee). You can withdraw your application before it settles and you won't be charged a cent by us. Please let me know if you have any other questions. And even if your rates are a fraction higher than the new headline rate, you will still be saving thousands compared to the average loan. The good news is, all of our rates are seriously good because of our tech-driven proposition. When there’s an RBA cash rate cut and our funder’s costs ease, they may be able to pass on the cut which means all our customers will receive the same discount off their rate – new and existing. And some existing customers will be better off. It means our funder has been able to give us a better price at that specific time.Īt some point, our funder may actually increase the price they’ve agreed with us, which means the rates offered to new customers will go up. So, having a lower rate for new customers doesn’t mean we’re making more money off our loyal customers to pay for the discount – because we don’t believe in that. And not all offers are linked to cash rate movements. It doesn’t change the price we secured for your loan. When we have a new variable rate offer for new customers, it means we’ve been able to lock in a lower price with our funder. Think of it like this – when you get a Tic:Toc loan, we’ve locked in a ‘price’ with our funder (Bendigo and Adelaide Bank) at a point in time, which is reflected in your interest rate.
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