As you’ve probably heard, the Reserve Bank of Australia cut interest rates in June and July leaving the official cash rate at an historic low of 1.00%.
As a result, many lenders have cut their home loan rates, making it a very competitive market out there right now. Among UNO’s panel of 29 lenders we have variable rates as low as 2.94% (comparison rate 3.03%) and fixed rates as low as 2.98% (comparison rate 4.4%).
With so many new rates appearing daily, finding the best rate for your circumstances can be hard work – especially if you’re house hunting at the same time.
That’s why at UNO we’ve developed our Active Home Loan Management service to do the hard searching work for you, while keeping you involved in the process.
As an active home loan manager, UNO scans the market daily using our loanScore technology. Our tech can analyse your loan against thousands of home loan products in the market and see what else is out there.
Once we find a better deal for your circumstances – one that will save you some cash – we send an alert, letting you know it might be time to switch.
With your approval, UNO can then act on your behalf – renegotiating with your current lender for a better rate, or switching you over to a new deal with another lender.
As we like to say here in the biz, We Analyse, We Alert, We Act; You Win.