Will You Lock In Low Interest Rates?

When your interest rate is down to what you feel will be its lowest ebb "Remember" simple maths tells us that locking it in it can literally save you thousands.

Let's make it simple and use an interest only example.

A home loan of $400,000 costs you $40,000 per year at 10% interest or approx. $3334 per month.

At 5% interest, it costs you $20,000 or approx. $1667 per month.

At 2.5%, it costs you $10,000 p.a. or approx. $834 per month.

This is why home loan checks at these times are so important and most brokers have quite sophisticated software and can give you a far better picture of what package to go for.

If you could save $30,000 wouldn't it be worth finding out if you can?