From the Aussie Home Loans website:
We'll find you a better home loan deal or give you $300
With our Aussie Guarantee,
we’ve put our money where our mouth is.
If we can’t find you a better home loan deal
we’ll give you $300.
Put us to the test today.
You’ve got nothing to lose.
It's been a year since we settled on our house. Time to see if there's a better home loan product out there.
I filled in the Aussie Home Loans contact form and met with the adviser today.
He asked a couple of preliminary questions:
What's your income?
Any car loans or personal loans? Credit card debt?
How many kids?
What are your loan terms and features?
What interest rate are you paying?
Then he keyed everything into his laptop and came up with a list of lenders.
We compared
- interest rates (standard and comparison)
- redraw facility fees
- set-up fees
- ongoing fees
- exit fees
His advice? Although there is a lender that's cheaper at the moment (Colonial), refinancing now will only save me $260 pa after paying the exit fees on my current loan. Not a wise move. We can review the situation again in a year's time.
Sadly, that also means we don't qualify for the Aussie Guarantee. They were able to find me a better loan product, but they're saying it's not worth switching. My current loan's good and I should stick with it.
Therefore, no $300. :(
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