According to RateCity's analysis of RBA data, existing owner-occupiers pay over 1% more than the lowest variable rate available on the market. If you've been in a long-term relationship with your lender, they might charge you a 'loyalty tax.'
Lenders are giving new customers fantastic rates, while yours stays high and outdated. Many borrowers refinance with other lenders to avoid paying this penalty.
We can check if your home loan is still right for you.
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