Low Rate vs Lowest Cost

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3.98% Home Loan!

Now that I have your attention. Listen up. Here are some gold gems for you.  For most home loaners, brokers and banks the lowest rate is all they focus on.  But will this actually give you the lowest cost loan or help you be debt free sooner?

Ok 1%ers start paying attention – look at the true cost of a loan over the advertised rate. So many banks are good at advertising low rates but don’t talk much about all those not-so-obvious fees that shift the dynamic.

There are so many clever debt reduction features including transactional offset accounts, linked 55 day interest free credit cards, which combine to assist you in paying off your home loan in half the time. Did you hear that – half the time.  That’s 1,000s in savings.

Yes I can provide you with a 3.98% loan fixed for 2 years. But, before I do, I will educate you on the true cost of that loan and what it means to your pocket. Today.

So next time you revisit your home loan, think about lowest cost not lowest rate – the 2 are generally very different.

Want a health check on your property loans?

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