We recently helped a long term client that we initially placed with a lender that helped them secure their first home, get a better deal.

When we initially placed this client with that particular lender, its rate at the time wasn’t the cheapest on the market, but the lender’s policies allowed them to secure the loan they required at the time.  Like will all lenders, the clients experienced rate creep and were eventually paying well above competitive rates.  

The clients financial situation had changed and they no longer had to stick with that lender that had particular policies that allowed them to get a loan in the first place.  We initially contacted the lender to have their rate reduced whilst we looked elsewhere and found another lender that provided the loan they required, saving them over a full percentage of interest and thousands of dollars a year.

We always encourage clients to review their lenders, as what may have been right for you 3-4 years ago, may not be right now, and you may just even get a better deal and save some money.

If you wish to check you lender is still right for you CONTACT US.