Review your mortgage – its the best way to save

Did you know that an existing home loan client with a bank will pay on average 0.20% more then having a mortgage broker looking after the loan. Many people won’t see this as very much as this equates to a $200 saving on every $100,000 borrowed. However if your mortgage is $300,000, an extra 0.20% attracts an additional $600 per annum, and if you multiply this over say the next 5 – 10 years, you would be paying between $3000 and $6000 more in interest! That’s at least a nice holiday or additional payments that could be made to reduce your debt!