Find a cheaper mortgage loan - 2004-01-10
We can be pretty sure that if they do anything, interest rates will go up. Most borrowers are paying 0.5 percentage points too much on their home loans, one mortgage broker has approximated. "Almost anyone (can) get at least 0.5 per cent off the standard variable rate without sacrificing features," said Nicholas Gruen of Peach Home Loans.
Shop around, or at least get a mortgage broker or two working for you. They're free. Don't try to be too smart, though, and fix.
Read the full story at Melbourne Age - Jan