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Is your home loan costing you up to $1000 each year?

....it is if you've not refinanced in a while. A recent report on financial waste identified some key drivers of financial waste in Australian households.

  • Food wastage - $9.1bn

  • Home loan waste - $4.2bn

  • Unused gym memberships - $1.8bn

  • Standby energy usage - $1bn

  • Unused clothing - $930m

  • Credit card waste - $621m

  • Exception bank fees - $551m

  • Unused roadside assistance - $400m

  • Unused gift cards - $332m

Also 53% of Aussie home loan owners don't know their current rate & 59% have never asked their lender or broker for a better rate on their loan.

The report found that 84% of home loan customers would make the switch if they were alerted to a better rate to their situation and this is where we come in. Using a broker like us means that during the life of your loan we proactively reviewing your loan and contact the lender on your behalf if we see an option for a better rate. This is what makes Diamond Finance Geelong different! We work for you not for the bank.

If you'd like to read the report in full, download it here.

Article here.