Free guide for homeowners
Nobody rings to tell you there's a better deal. Not even your own bank. Seven checks, one page each, to work out if your loan still fits, when it's worth moving, and when to stay put.
Download the free guidePDF, 10 pages, 3 MB. No email needed.
From Joe
Banks often keep their sharpest rates for new customers. If you set your loan up a few years ago and haven't asked since, there's a fair chance someone walking in today gets a better rate than you on the same loan.
But moving isn't free, and it isn't always right. Sometimes one phone call to your own bank fixes it. Sometimes break costs or LMI make it a bad idea. And sometimes a new loan quietly resets you to 30 years.
So I wrote down the checks I run, in order, and the tools to do them yourself.
Rate predictions. "The RBA might cut next month." Headline rates on billboards. None of it tells you whether your loan is still right for you.
JoeMascaro Finance, Shoalhaven
Start with checks 1 and 2. They take one evening and one phone call, and for some people that's the whole job.
Your rate next to what your bank gives new customers.
Loyalty tax checkOne call, and exactly what to say.
Phone scriptDischarge, government and lender fees, LMI, cashbacks.
Payback testWhen to wait for the roll-over, and when it still makes sense.
Questions for your lenderHow a lower repayment can cost more, and two ways to keep the win.
Term checkCar loans and cards: when rolling them in makes sense, with a real example.
Debts tableThe 80% line, and the two things people miss.
Usable equity sumThe usual reasons a broker says don't move.
Stay put listThe paperwork, so a refinance doesn't drag.
Paperwork checklist
We recently refinanced our home and consolidated our debts with Joe at Mascaro Finance, and he made the whole process so easy. What stood out most was that Joe wasn't just after the sale. He gave us honest advice ... He explained everything clearly and took the stress out of the whole thing. We'd definitely recommend Joe to anyone looking to refinance or get on top of their finances. Thanks Joe!
My partner and I have refinanced through Joe a number of times over the years and we have always found Joe to be the upmost professional mortgage broker you could hope for. Joe has a great ability to put things in simple terms and makes all steps of the finance process incredibly easy. We would highly recommend Joe for all aspects of mortgage broking.
Dealing with Mascaro finance has been straight forward and stress free. Joe has always made himself available to answer any questions i have had and helped to guide me toward the decision that best meets my circumstances.
Can not recommend Joe enough his work ethic to get the best results is unmatched and his ability to not only explain every step of the process but also keep it as simple as possible is amazing.
Joe is an absolute legend and i would definitely recommend him to anyone who is looking for some finance. Joe made the whole process so easy for me and my partner and got us a pre approval for a home loan super fast. Joe is a great bloke to deal with always happy to answer any questions and explains things very thoroughly. If i could give Joe 6 stars i would :)
Yes. Tap download and the PDF opens. No email, no form, nobody calls you.
Yes. Check 2 has the script. If they match the new customer rate, you may not need to move at all, and I'll tell you that.
Yes. Check 4 covers break costs and when it's better to wait for your fixed term to end.
Comparing rates and asking your bank doesn't. Formal applications add credit enquiries, which is why a broker compares lenders before anything is lodged.
For most home loans, no. The lender pays the broker.
No. The guide is written so you can do it yourself. If you'd like a hand, my details are on the last page.
Text me three things and I'll run yours against 20+ lenders, including what your own bank should be offering you. If staying put is the right call, I'll say so.
Haven't grabbed the guide yet? Download it here
