Would you switch your home loan if it could save you $2,800 a year?
Research from the University of Technology Sydney (UTS) has found that Australians are wasting an estimated $7.4 billion a year by focusing on saving a few dollars here and there on things like their weekly shop, rather than major things like switching their home loan. Aussies tend to go for the instant gratification of small savings on food and fashion purchases, but just can’t be bothered making the effort to save big by changing their home loan provider. That’s despite the fact that an average Australian family with a $600,000 standard variable home loan from one of the big four banks would be around $2,800* a year better off if they switched their mortgage to Heritage Bank.
We've also covered off the key findings in an infographic on our blog here
Use our handy refinance calculator and find out how much better off you could be if you switched to Heritage.
You could save up to
over the life of the loan
Savings based on the .Apply Now
Whoa there, it seems like you've already got a pretty good deal going. If the details you've entered are correct, our calculator says that over the life of your loan you'd currently be better off staying where you are. If you're shopping around though, don't despair, the calculator is no match for advice from a real person.
As a People first bank, our rates are almost always lower than the big four. In fact, a recent University of New England study found Heritage had, on average, the lowest standard variable rate of any financial institution in the country over the last 15 years.
If you want to double check, give us a call on 13 14 22 and we'll almost certainly be able to find other ways for you to save money and time on your home loan.
Calculation based on the .Contact Us