Could you be saving money on your mortgage?

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Could you be saving money on your mortgage?

Diane Tipping • Sep 18, 2020

Since February 2020 the official cash rate has been cut twice by the RBA and is now at a record low of 0.25%

The drop in the official cash rate has seen multiple interest rate drops for owner occupied and investor interest rates. However, it is clear some lenders have not passed these interest rate cuts on to existing customers. We notice that some clients have mortgages that are no longer competitive, costing them thousands of dollars in extra interest charges.

If you have a mortgage, we strongly encourage you to have it reviewed. This is particularly important if your income has been impacted by the COVID pandemic as your ability to switch to a better deal may be enhanced by acting sooner rather than later.

If you would like to have your mortgage reviewed, we recommend you talk to Kierin Ryan from Sydney Home Mortgage. Kierin is an independent mortgage broker who has been assisting Quest clients for several years; Kierin does most of the work and there is no charge to you to use his services.

To have your mortgage reviewed by Kierin you can contact him directly or ask us to pass on your details and he will ring you. Kierin will conduct a free mortgage assessment to review your borrowing options and explain how much you can save per year. Kierin also tells us several lenders are currently offering between $2,000 and $3,000 cash bonuses for refinances (conditions apply of course).

Please find Kierin's contact details below:

Kierin Ryan B.Bus

Finance Broker – Sydney Home Mortgage

0437 437 337 kierin@sydneyhm.com.au

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