Home Loan Health Check

If you’ve had your loan for a while, there’s a chance you may not be enjoying the most competitive interest rate in the current market (commonly referred to as loyalty tax). We recommend that you seek the services of a proficient mortgage broker every two to three years & ask for a free home loan health check!

What could a Home Loan Health Check do for you?

What could a Home Loan Health Check do for you?

  • Enhance your financial flow
  • Lower your rate of interest
  • Redesign your debt for money savings
  • Reduce repayment of home loans
  • Identify your home equity
  • Take use of additional interest-saving features

You can verify that your loan is suitable for you and your finances now by receiving a home loan health check. The best part is that a home loan health check is straightforward and completely free.

Discover potential savings created by switching your loan

Discover potential savings created by switching your loan

To use a mortgage switching calculator with your broker, simply enter:

  • In the top left area, enter the estimated property value, loan amount, loan period, and payback frequency.
  • In the ‘current loan’ and ‘new loan’ tabs, add the termination costs and varying interest rates.
  • In the ‘savings’ row, you can see the difference between your previous rate and the potential new rate.
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Your Repayments

Repayments Total Payable
Current Loan $843.86 $843.86 $151,894.23
New Loan $790.80 $790.80 $142,343.23
Savings $53.06 $53.06 $9,551.00
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Important Disclaimer: This is intended as a guide only. Details of terms and conditions, interest rates, fees and charges are available upon application. Mortgage House's prevailing credit criteria apply. We recommend you seek independent legal and financial advice before proceeding with any loan. * The interest rate shown on Toggle products is a blended rate comprised of 50% fixed interest rate and 50% variable interest rate. The Comparison Rate for each of the home loan products contained in this page is based on a loan of $150,000 over a 25 year term. Fees and charges may be payable. * This mortgage calculator shows indicative repayments based on 12/26/52 equal repayments for monthly/fortnightly/weekly options.

WARNING: The comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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