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Empower Wealth Blog post by Empower Wealth

Laziness Costing Borrowers

Last month saw Infochoice release their first quarterly cost-of-banking research report.  It claimed borrowers are throwing away billions of dollars to the major lenders because they are paying interest rates that are too high on their mortgages.

We agree, and as interest rates start moving higher and it hits the hip pocket, it is important to know you have the right mortgage which is offering a competitive interest rate.  The report highlights that a borrower on an interest rate of 5.78% is losing thousands a year in interest savings.  This is money that could be better utilised by you.

Yet most people don’t have the time to spend shopping around to each lender and getting mixed messages about their “Best” deals and it’s confusing with the amount of offers out there.  If you think phone plans are complicated, then you will understand how hard it is to sort through the hundreds of confusing mortgage offers out there (and a mortgage is worth hundreds of thousands of dollars!!)

This is where Empower Wealth is able to help – one enquiry worth 10 minutes of your time to complete our “fact find” will allow us to conduct a complete no obligation review of your current mortgage.  If we believe you have the ability to save on your current mortgage, we will demonstrate these savings and work with you from there to secure those savings back into your hip pocket.

Best of all our Mortgage Broking services is at NO COST to you, our services are free as we are paid by the lender to introduce new business to them and you get the most competitive interest rates in the market.

If you wish to take advantage of this opportunity simply click of to arrange an interview and one of our Mortgage Finance Strategist will be in touch, once they have conducted an extensive search and review of your possible options.

Categories: Mortgage Broking


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