• tone_212
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    1 year ago

    I re-financed recently - currently on 5.69%. If your current bank won’t budge, shop around.

    • jezbeenz
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      1 year ago

      Is that variable? I’m going to have to do this soon. Any perks for moving to the new lender?

      • tone_212
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        1 year ago

        Yep that’s variable. Switched last month, already recieved a couple “we’re increasing your interest rate” letters. Still sounds like my rate is good. I’d move if your bank won’t give you a competitive rate, money savings to be had.

      • jaybb3rw0cky
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        1 year ago

        I’ve heard some banks offering lump sum payments to come over - I think a mate saved and managed to get $5k by going with Bank of Melbourne? But that was six months ago so not sure if that’s still the same now.

    • jaybb3rw0cky
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      1 year ago

      Wow - yeah that’s lower again. And to think before I called I was paying 7.2%. Thank you - I’ll get onto the broker.