If your Fixed Rate Mortgage is Ending in 2023, you could be eligible for a $4,000 cash rebate!
Typically, if you do nothing when your fixed rate ends, your lender will revert to whatever rate they want. Don't pay more for your mortgage than you have to.
Take our quick, 3 step questionnaire to see if qualify if you are eligible to refinance before your fixed rate ends and get a $4,000 cash rebate.
Find out if you are eligible for a better deal:
No Credit Checks. No Obligation.
We will save over $98,000 thanks to The Loan Guru
Chris roberts - Pennant hills, sydney
INFO
What is the Fixed Rate Mortgage Cliff?
Almost 60 percent of borrowers with fixed-rate loans could face at least a 40 percent increase in their minimum payments after a 3.5 percentage point increase in mortgage rates by the end of 2023, according to the Reserve Bank's own Financial Stability Review.
An average mortgage of $600,000 with an ultra-low fixed rate under two percent would have monthly repayments rise by 46.3% to $3,225 - up $1,022.
With skyrocketing cost of living, inflation and tumbling property prices, you could be walking into a financial storm.
By refinancing before your Fixed Term ends, allows you the opportunity to find a Lender with a competitive variable rate, structure your loan to your specific needs and consolidating debt into one low rate loan.
It is no wonder millions of Aussies are refinancing their home loan.
Why should I refinance?
The Australian Bureau of Statistics* (ABS) has said that housing stress trigger is a household that spends more than 30% of its gross income on housing.
Even if this amount is manageable, it may feel as though the money is just going into a hole, as the interest on your loan keeps gobbling up a large portion of your monthly repayments.
According to a Home Loans Australia spokesperson**, “We found with an average mortgage of $450,000, if we saved customers $500 in interest each month by refinancing their mortgage, but they kept making the same monthly repayment amount, they could pay off their mortgage more than 9 years sooner.”
What can I do?
While the idea of refinancing may sound difficult, The Loan Guru is here to help and guide you through every step of the process.
We compare over 40 lenders to help you find a better deal so any money you pay back into your home loan will make a significant impact.
Housing Stress Trigger: Households that spends more than 30% of its gross income on housing.
Testimonials
WHY TRUST THE LOAN GURU? BECAUSE WE GIVE A HOOT!
Patrick
Manly, NSW
"Can't believe how quick the process has been, everything was signed and sent to lenders on the same day. A huge stress relief. Thank you."
Marissa
Melbourne,VIC
"I was in real danger of losing everything because I was in so much debt. Luckily the team at The Loan Guru showed me strategies I didn't even know existed. Now I am in control of my debt and looking to buy an investment property!!!
Clara
Cairns, QLD
"I dealt with Steven who from start to finish has been fantastic and very supportive when I was feeling insecure about refinancing..I now can relax knowing I am getting the right mortgage for me."
How do I get started?
It really is this easy!
Click the 'See if I qualify' button below to go to the questionnaire
Select your state to get started
Answer 3 simple questions to see if you qualify
Check with a financial professional before making any decisions.
* Australian Institute of Health and Welfare, Housing Affordability, released 30th June, 2021.
** Your Life Choices, podcast about housing, accessed 1st September, 2021.
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