How do I know if I am getting the best rate from my current lender? Can I negotiate further?
As the mortgage industry is competitive, you have the opportunity to negotiate with the lenders about the interest rate being offered. Interest rates can vary according to the Loan to Value Ratio (LVR), which is the loan divided by the value of the property. The best rates are often reserved for those borrowing less than 80% of the value of the property or large loan amounts, say over $500k. If you fit this criteria you will be in the best position to negotiate. Some loans have annual fees and some don't. Put the HashChing’s brokers to test today and get in touch with our verified partner broker to secure you a better deal. Lastly if you don’t ask, you don’t get it.