Interest Rates

cairns mortgage broker jason thomson

You may have noticed a growing number of lenders are lifting their variable interest rates at the moment.

When any business, including banks, increases the price of their product, their greatest fear is losing clients.

The more competitive a market is, the harder it is to raise prices. Which is why we are very pleased to announce the inclusion of two additional lenders to Smartline’s panel, HSBC and Qudos Bank. More competition is the answer. And keeping in touch with a Mortgage Broker like myself can assist, like this:

Just this week I was able to get ANZ to reduce the interest rate on a clients existing (not new) variable rate home loan by 0.13% and my client didn’t have to do anything, no paperwork, no nothing. Just after this, ANZ advised they were increasing variable rates by .16% so effectively my client only gets a .03% increase, happy days.

Here for you always and have a great weekend, Scott 0409 789 427.