How to Get a Low Interest Rate

10 Aug How to Get a Low Interest Rate

Getting a low interest rate is possible if you go about it in the right way.

interest rate, low interest rate, rate

How to get a low interest rate

A lower interest rate can potentially reduce the amount you pay on your mortgage repayments and may results in getting your loan paid off faster. A good credit standing doesn’t usually guarantee you of a low interest rate as you need to shop around to find competitive rates. Consulting a finance broker to help you with this is always a good way to go. Banks and lenders have their varying measures in assessing the risk a borrower poses. Knowing what you can do to qualify for a low interest rate is a helpful way to save yourself from potentially paying too much.

 

Here are some tips to help you land a low interest rate for your home loan:

Check your credit report.

This particular tip is something all lenders will look at. Ideally, your credit report should be free of bankruptcy and/or other serious delinquencies. Dispute any information on your credit report that you deem inaccurate. To request a copy of your credit report, visit Equifax website (formerly Veda). However, you have also to take note that multiple and consecutive inquiries on your credit report may hurt your home loan application. If you have too many inquiries on your credit report, a lender may think that you are having trouble obtaining credit making you a high lending risk. In that case, the lender could charge you a higher interest rate.

 

Research current home loan interest rates.

You know what they say, knowledge is power. The more you know, the more ways you can think in landing that low interest rate. Check the interest rates offered by various lenders and non-lenders.

This will give you an idea on whether you’re paying too much in terms of interest, and can give you a good bit of bargaining power if you show that you know what you’re doing. Make sure you look for loan rates that are at or below the market average. On the other hand, if you wish to avoid this hassle, seeking the help of a finance broker can give you the same advantage.

 

Ask and you shall receive.

When all else fails, consult a finance professional. But while you’re at it, contact your current lender. There are lenders who tend to offer their new customers discounted rates and special deals that existing customers don’t get. The most effective approach you can do is to prove your loyalty to them. Maximise the fact that you’re paying your repayments on time. You have nothing to lose and much to gain by enquiring about a lower interest rate. Call your lender stating that you have found a better offer from a competitor (even if you haven’t). Negotiating for an interest rate that’s just 0.25% lower than your existing rate can potentially save you a significant amount of money over the duration of the loan.

 

 

Disclaimer:

Credit Representative (486927) is authorised under Australian Credit Licence 389328.

 This article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.

96 Comments
  • gamefly
    Posted at 08:39h, 03 May

    I know this if off topic but I’m looking into
    starting my own weblog and was curious what all is needed to get setup?
    I’m assuming having a blog like yours would cost a pretty penny?

    I’m not very web smart so I’m not 100% sure.

    Any tips or advice would be greatly appreciated.
    Kudos

  • gamefly
    Posted at 19:24h, 03 May

    Wow, this post is nice, my sister is analyzing such things, so I am going to convey her.

  • gamefly free trial
    Posted at 07:18h, 06 May

    I am sure this post has touched all the internet users, its really really pleasant piece
    of writing on building up new website.

  • minecraft for free
    Posted at 11:32h, 10 May

    Good day! Do you use Twitter? I’d like to follow you if that would be okay.
    I’m definitely enjoying your blog and look forward to new updates.

  • g
    Posted at 08:22h, 11 May

    I love it whenever people come together and share
    ideas. Great website, continue the good work!

  • g
    Posted at 11:17h, 11 May

    WOW just what I was searching for. Came here by searching for g

  • g
    Posted at 00:08h, 12 May

    I do not even know how I ended up here, but I
    thought this post was great. I do not know who you are but
    definitely you’re going to a famous blogger if you are not already 😉 Cheers!

  • minecraft pc download
    Posted at 10:12h, 12 May

    After looking into a handful of the blog
    articles on your website, I really like your technique of blogging.
    I saved it to my bookmark website list and will be checking back soon. Please check out my website
    too and tell me what you think.

  • g
    Posted at 17:07h, 12 May

    If some one wishes to be updated with latest technologies therefore
    he must be visit this web page and be up to date everyday.

  • g
    Posted at 15:57h, 13 May

    wonderful points altogether, you just received a new
    reader. What might you suggest about your submit that you just made
    some days ago? Any certain?

  • minecraft free download
    Posted at 19:21h, 14 May

    I think this is one of the most vital information for me.
    And i am glad reading your article. But should remark on some general
    things, The web site style is perfect, the articles is really nice :
    D. Good job, cheers

  • minecraft download free
    Posted at 01:36h, 16 May

    Quality articles is the crucial to interest the viewers to visit the site,
    that’s what this site is providing.

  • minecraft download free
    Posted at 10:19h, 17 May

    Hi there! Quick question that’s totally off topic.
    Do you know how to make your site mobile friendly? My website looks weird when viewing from my iphone.
    I’m trying to find a theme or plugin that might be able to correct this issue.
    If you have any recommendations, please share.
    Thanks!

  • minecraft free download pc
    Posted at 11:56h, 17 May

    I know this if off topic but I’m looking into starting my
    own blog and was wondering what all is required to
    get set up? I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very internet smart so I’m not 100% positive. Any
    suggestions or advice would be greatly appreciated. Thanks

  • minecraft download for free
    Posted at 20:38h, 17 May

    This piece of writing offers clear idea in support of the new viewers of blogging, that in fact how to do blogging.

  • how to download minecraft free
    Posted at 15:40h, 18 May

    Hey there! Quick question that’s totally off topic.
    Do you know how to make your site mobile friendly?
    My weblog looks weird when viewing from my iphone 4.
    I’m trying to find a template or plugin that might be able to correct this issue.
    If you have any suggestions, please share. With thanks!

  • gamefly free trial 2019 coupon
    Posted at 17:06h, 10 June

    I used to be able to find good info from your content.

  • ps4 best games ever made 2019
    Posted at 18:16h, 12 June

    Hmm is anyone else experiencing problems with the images on this blog loading?
    I’m trying to find out if its a problem on my end or if it’s
    the blog. Any suggestions would be greatly appreciated.

  • ps4 best games ever made 2019
    Posted at 22:32h, 12 June

    fantastic points altogether, you just gained a new reader.
    What would you suggest in regards to your post that you made a few days ago?
    Any positive?

  • quest bars cheap
    Posted at 18:14h, 14 June

    I was very pleased to uncover this web site. I wanted to thank you for ones time due to this fantastic read!!
    I definitely loved every bit of it and i also have
    you bookmarked to look at new things in your blog.

  • http://tinyurl.com/y6howo3v
    Posted at 08:34h, 18 June

    It’s really very complex in this active life to listen news
    on TV, therefore I only use world wide web for
    that reason, and get the most recent news.

  • plenty of fish dating site
    Posted at 13:59h, 22 June

    Wow! At last I got a website from where I know how to truly take helpful
    facts concerning my study and knowledge.

  • Pedro Schweigert
    Posted at 07:01h, 28 June

    It’s really a cool and helpful piece of info. I am glad that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.

  • how to get help in windows 10
    Posted at 07:28h, 29 June

    I’m gone to tell my little brother, that he should also pay a visit this webpage
    on regular basis to get updated from most up-to-date reports.

  • genesis mining promo codes
    Posted at 17:14h, 29 June

    Very informative blog post.Thanks Again. Keep writing.

  • quest bars cheap 2019 coupon
    Posted at 16:16h, 09 July

    I am really thankful to the owner of this site who has shared this impressive article at here.

  • quest bars cheap
    Posted at 10:46h, 11 July

    Good day! I could have sworn I’ve visited this site before but after looking at
    many of the posts I realized it’s new to me.
    Nonetheless, I’m definitely pleased I discovered it and I’ll be book-marking it
    and checking back often!

  • plenty of fish dating site
    Posted at 17:15h, 15 July

    Hi I am so grateful I found your blog, I really found you by error,
    while I was searching on Askjeeve for something else, Regardless I am here now and would just like to say thanks
    for a marvelous post and a all round entertaining blog (I also love
    the theme/design), I don’t have time to read it all at the minute but I have bookmarked it
    and also added in your RSS feeds, so when I have time I will be back to read
    more, Please do keep up the superb jo.

  • how to get help in windows 10
    Posted at 19:03h, 16 July

    I’m really inspired together with your writing skills as neatly as with the structure
    for your weblog. Is that this a paid topic or did you modify it your self?
    Either way keep up the nice high quality writing,
    it is rare to see a great blog like this one these days..

  • how to get help in windows 10
    Posted at 13:23h, 17 July

    Right here is the perfect web site for anyone who would
    like to find out about this topic. You understand a whole lot its almost tough
    to argue with you (not that I personally would want to…HaHa).
    You certainly put a new spin on a topic that’s been written about for years.
    Great stuff, just excellent!

  • how to get help in windows 10
    Posted at 03:06h, 18 July

    Just want to say your article is as astounding.
    The clearness to your put up is just excellent and i can assume you’re knowledgeable on this
    subject. Well together with your permission allow me to take
    hold of your RSS feed to keep up to date with approaching post.
    Thanks a million and please carry on the gratifying work.

  • plenty of fish dating site
    Posted at 17:31h, 18 July

    Hi there, I do believe your website could possibly be having web browser compatibility issues.
    Whenever I look at your blog in Safari, it looks fine however,
    if opening in I.E., it has some overlapping issues.

    I merely wanted to provide you with a quick heads
    up! Aside from that, wonderful site!

  • plenty of fish dating site
    Posted at 22:27h, 19 July

    Wow, this paragraph is fastidious, my sister is
    analyzing these kinds of things, so I am going to let know her.

  • how to get help in windows 10
    Posted at 11:23h, 20 July

    Hi, i think that i saw you visited my website thus i came to
    “return the favor”.I am attempting to find things to enhance my site!I suppose its
    ok to use some of your ideas!!

  • natalielise
    Posted at 04:28h, 23 July

    Hey very nice blog! natalielise pof

  • plenty of fish dating site
    Posted at 16:15h, 23 July

    Fantastic site. Plenty of helpful info here.

    I am sending it to a few buddies ans additionally sharing in delicious.
    And naturally, thank you for your effort!

  • plenty of fish dating site
    Posted at 14:28h, 24 July

    Thanks for one’s marvelous posting! I quite enjoyed reading it, you are
    a great author.I will be sure to bookmark your blog and will
    often come back at some point. I want to encourage one to continue your great work, have a nice weekend!

  • plenty of fish dating site
    Posted at 17:38h, 25 July

    Thank you for some other informative web site.
    Where else could I am getting that kind of info written in such a perfect
    way? I have a challenge that I am simply now running on, and I have been on the
    glance out for such information.

  • dating site
    Posted at 08:01h, 31 July

    Hi there, I would like to subscribe for this webpage to obtain most up-to-date updates, therefore where can i do it please help.

  • Augustine Deitrich
    Posted at 07:02h, 01 August

    |Appreciate this page. Enthusiastic about viewing a lot more of your posts. I hope to give back and guide people just like you helped me.

  • dating site
    Posted at 13:17h, 01 August

    Because the admin of this web page is working, no doubt very
    shortly it will be renowned, due to its quality contents.

  • dating site
    Posted at 17:18h, 01 August

    Good site you have here.. It’s hard to find excellent writing like yours these days.
    I seriously appreciate people like you! Take care!!

  • plenty of fish https://natalielise.tumblr.com
    Posted at 12:15h, 02 August

    What’s up, I read your blog on a regular basis.
    Your story-telling style is witty, keep doing what
    you’re doing! natalielise plenty of fish

  • result hk cepat
    Posted at 16:22h, 09 August

    Whats up are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any html coding expertise to make your own blog? Any help would be really appreciated!

  • plenty of fish dating site
    Posted at 02:12h, 14 August

    Excellent article. I will be going through some of these issues as well..

  • descargar facebook
    Posted at 00:42h, 19 August

    Hello! I could have sworn I’ve visited this site before but after looking at a few of the posts I realized it’s new to
    me. Anyways, I’m definitely happy I found it
    and I’ll be book-marking it and checking back regularly!

  • quest bars cheap
    Posted at 07:43h, 24 August

    I’m not that much of a online reader to be honest
    but your sites really nice, keep it up! I’ll go ahead and bookmark
    your website to come back later on. Many thanks

  • quest bars cheap
    Posted at 15:42h, 24 August

    Hi are using WordPress for your blog platform?
    I’m new to the blog world but I’m trying to get started and set
    up my own. Do you need any html coding expertise to make your own blog?
    Any help would be greatly appreciated!

  • quest bars cheap
    Posted at 22:28h, 24 August

    excellent submit, very informative. I’m wondering why the other experts of this sector do not realize this.
    You must continue your writing. I am confident,
    you’ve a huge readers’ base already!

  • minecraft games
    Posted at 06:30h, 02 September

    Very good info. Lucky me I recently found your website by accident (stumbleupon).
    I have saved as a favorite for later!

  • minecraft games
    Posted at 06:36h, 04 September

    It’s awesome designed for me to have a website, which
    is beneficial for my knowledge. thanks admin

  • minecraft games
    Posted at 15:06h, 04 September

    Why people still make use of to read news papers when in this technological globe everything is available on net?

  • quest bars cheap
    Posted at 20:20h, 06 September

    Good day! I could have sworn I’ve visited this web site before
    but after looking at some of the articles I realized it’s
    new to me. Nonetheless, I’m definitely happy I discovered it and I’ll be bookmarking it and checking back frequently!

  • quest bars cheap
    Posted at 22:58h, 07 September

    Oh my goodness! Awesome article dude! Thank you so much, However I
    am experiencing difficulties with your RSS. I don’t know the reason why I am unable to subscribe to it.

    Is there anyone else having the same RSS issues?
    Anyone who knows the solution will you kindly respond?

    Thanks!!

  • quest bars cheap
    Posted at 07:52h, 08 September

    At this moment I am ready to do my breakfast, after having
    my breakfast coming yet again to read more news.

  • quest bars cheap
    Posted at 17:54h, 08 September

    Hello there! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains.
    If you know of any please share. Kudos!

  • quest bars cheap
    Posted at 00:22h, 09 September

    This is a great tip especially to those new to the blogosphere.

    Simple but very precise information… Appreciate your sharing this one.
    A must read article!

  • minecraft games
    Posted at 01:57h, 17 September

    Appreciate this post. Let me try it out.

  • minecraft games
    Posted at 15:55h, 18 September

    Magnificent goods from you, man. I’ve understand your
    stuff previous to and you are just extremely wonderful. I actually like what you’ve acquired here, really like what you are stating and the way in which you say it.
    You make it enjoyable and you still take care of to keep it smart.
    I can’t wait to read much more from you. This is really a
    wonderful site.

  • minecraft games
    Posted at 04:00h, 26 September

    I’m curious to find out what blog platform you are working with?
    I’m experiencing some small security problems with my latest blog and I would like to find
    something more secure. Do you have any recommendations?

  • quest bars cheap
    Posted at 00:33h, 09 October

    Thank you a bunch for sharing this with all of us you actually realize what you’re speaking about!
    Bookmarked. Please also consult with my web site =). We could have a link change contract among us

  • quest bars cheap
    Posted at 19:34h, 09 October

    Hi, every time i used to check blog posts here early in the dawn, as i
    love to find out more and more.

  • quest bars cheap enterfuntech.tumblr.com
    Posted at 20:55h, 12 October

    We stumbled over here by a different web page and thought I might as well check things out.
    I like what I see so i am just following you. Look forward to finding out about your web page again.

  • quest bars cheap
    Posted at 00:15h, 23 October

    What’s Going down i’m new to this, I stumbled upon this I have
    found It absolutely helpful and it has helped me out loads.

    I am hoping to give a contribution & aid different users like its helped me.

    Great job.

  • coconut oil health benefits
    Posted at 01:54h, 26 October

    Excellent article. I will be going through some of these
    issues as well..

  • coconut oil benefits
    Posted at 19:19h, 04 November

    Fine way of describing, and pleasant article to get data regarding my presentation subject matter, which i am
    going to present in college.

  • plenty of fish dating site
    Posted at 22:36h, 10 November

    You actually make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand.
    It seems too complex and extremely broad for me.
    I’m looking forward for your next post, I will try
    to get the hang of it!

  • plenty of fish dating site
    Posted at 04:35h, 11 November

    Heya i am for the first time here. I came across this board and I to find It
    truly useful & it helped me out a lot. I’m hoping to offer one thing back and aid others such
    as you aided me.

  • plenty of fish dating site
    Posted at 14:29h, 12 November

    Pretty! This was an extremely wonderful article. Thanks for supplying this info.

  • where coconut oil
    Posted at 14:42h, 14 November

    Heya i’m for the first time here. I came across this board and I find It really useful & it
    helped me out much. I hope to give something back and aid others like
    you aided me.

  • our coconut oil
    Posted at 05:26h, 15 November

    Do you have a spam issue on this site; I also am a blogger, and I was curious about your situation; many of
    us have developed some nice practices and we
    are looking to exchange strategies with other folks, please
    shoot me an email if interested.

  • there coconut oil
    Posted at 09:19h, 15 November

    excellent post, very informative. I’m wondering why the other specialists of this
    sector don’t realize this. You should proceed
    your writing. I’m confident, you have a huge readers’
    base already!

  • our coconut oil
    Posted at 17:22h, 16 November

    My programmer is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of
    the expenses. But he’s tryiong none the less. I’ve been using WordPress on several websites for about a year and am nervous
    about switching to another platform. I have heard good things about blogengine.net.

    Is there a way I can transfer all my wordpress posts into it?
    Any kind of help would be greatly appreciated!

  • plenty of fish dating site
    Posted at 15:13h, 17 November

    Hello, Neat post. There’s a problem along with your web site in internet
    explorer, might check this? IE nonetheless is the market leader and a large part of folks will miss your magnificent writing because of this problem.

  • plenty of fish dating site
    Posted at 06:33h, 18 November

    This is the perfect webpage for everyone who would like to understand this topic.
    You understand a whole lot its almost tough to argue with you (not that I really would want to…HaHa).
    You definitely put a brand new spin on a topic that has been discussed for years.
    Great stuff, just excellent!

  • tinyurl.com
    Posted at 18:13h, 19 November

    It’s really a great and useful piece of information. I’m satisfied
    that you shared this useful info with us. Please stay us up to
    date like this. Thank you for sharing.

  • http://tinyurl.com/
    Posted at 19:28h, 20 November

    Its like you read my mind! You appear to grasp a lot about this,
    such as you wrote the e-book in it or something. I believe that you could do with a few % to pressure
    the message home a little bit, however instead of that, this is fantastic blog.
    An excellent read. I will certainly be back.

  • tinyurl.com
    Posted at 09:19h, 21 November

    I know this web site offers quality depending articles or reviews and extra material, is there any other website which gives
    these information in quality?

  • tinyurl.com
    Posted at 04:11h, 22 November

    Your style is very unique in comparison to
    other folks I have read stuff from. I appreciate you for posting
    when you have the opportunity, Guess I will just book mark this page.

  • tinyurl.com
    Posted at 14:48h, 24 November

    Pretty nice post. I just stumbled upon your
    blog and wished to say that I have truly enjoyed surfing
    around your blog posts. In any case I’ll be subscribing
    to your feed and I hope you write again soon!

  • coconut oil with
    Posted at 04:33h, 26 November

    No matter if some one searches for his necessary thing, therefore he/she desires to be
    available that in detail, therefore that thing is maintained
    over here.

  • plenty of fish dating site
    Posted at 05:33h, 27 November

    Greate pieces. Keep posting such kind of information on your page.
    Im really impressed by it.
    Hello there, You have done a fantastic job.
    I will certainly digg it and personally suggest to my
    friends. I’m confident they will be benefited from this website.

  • ps4 games
    Posted at 18:33h, 28 November

    It’s hard to come by experienced people for this topic,
    however, you seem like you know what you’re talking
    about! Thanks

  • ps4 games
    Posted at 10:35h, 15 December

    Thanks a bunch for sharing this with all of us you actually realize what you are
    talking about! Bookmarked. Kindly additionally seek advice from my web site =).
    We may have a hyperlink exchange agreement between us

  • Eugene
    Posted at 16:29h, 15 February

    Hello mates, fastidious paragraph and good arguments commented at this place, I am
    genuinely enjoying by these.

  • cbd oil that works 2020
    Posted at 15:08h, 04 April

    Howdy! I know this is kind of off topic but I was wondering
    if you knew where I could locate a captcha plugin for my
    comment form? I’m using the same blog platform as yours and I’m
    having difficulty finding one? Thanks a lot!

  • best web hosting sites
    Posted at 22:33h, 08 August

    An outstanding share! I have just forwarded this onto a
    co-worker who had been conducting a little homework on this.

    And he actually bought me lunch simply because I discovered it for
    him… lol. So allow me to reword this…. Thank YOU for the meal!!
    But yeah, thanks for spending time to talk about this issue here on your site.

  • best website hosting
    Posted at 14:48h, 10 August

    Your style is unique compared to other folks I
    have read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I’ll just book mark this web site.

  • ColePBrier
    Posted at 17:22h, 11 August

    We have been surfing online greater than 3 hours nowadays, yet I by no means found any attention-grabbing article like yours.
    It is lovely value sufficient for me. Inside my view,
    if all webmasters and bloggers made good written content as you probably did, the net will be much more helpful than ever before.

    My web-site; ColePBrier

  • web hosting company
    Posted at 00:33h, 12 August

    It’s perfect time to make some plans for the future and it’s time to be happy.
    I have read this post and if I could I desire to suggest you few interesting things or
    advice. Perhaps you can write next articles referring
    to this article. I want to read more things about
    it!

  • adreamoftrains content hosting
    Posted at 04:56h, 12 August

    Hello, i read your blog from time to time and i own a similar one and i was
    just wondering if you get a lot of spam feedback? If so how do you stop it, any plugin or anything you can advise?

    I get so much lately it’s driving me insane so any help is very much appreciated.
    adreamoftrains webhosting

  • web hosting
    Posted at 06:47h, 14 August

    Hello to every , as I am in fact eager of reading this webpage’s post to be updated on a regular basis.
    It carries pleasant information.

  • best hosting
    Posted at 08:49h, 14 August

    Appreciate this post. Will try it out.

  • web hosting providers
    Posted at 17:20h, 14 August

    Greetings, I do believe your web site could be having internet browser
    compatibility problems. Whenever I take a look at your site
    in Safari, it looks fine however, when opening in IE,
    it’s got some overlapping issues. I merely wanted to
    provide you with a quick heads up! Other than that,
    fantastic blog!

  • RoyalQGugler
    Posted at 14:49h, 18 August

    Hello there! I simply desire to provide you with a huge thumbs
    up to the excellent information you’ve got here about this post.

    I’ll be coming back to your web site for more soon.

    My blog … RoyalQGugler

  • SidneyAVaile
    Posted at 16:24h, 20 August

    Wonderful items of your stuff, man. I’ve consider your stuff previous to
    and you happen to be just extremely magnificent. I
    actually like what you possess received below, really like what you
    are saying and the best way where you are saying it.
    You make it enjoyable and you will still care for to stay it
    sensible. I can’t wait to read far more from you.
    This can be really a wonderful site.

    Also visit my web page; SidneyAVaile

Post A Comment