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Should your home loan interest rate have a ‘1’ in front? Maybe … – Sydney Morning Herald
If you have a mortgage that has a “3” in front you should take immediate action, even if it’s only to call your lender to ask for an interest-rate reduction.
Imagine my horror, then, every time Mark Zuckerberg throws up an ad on my Facebook feed for home loans with a 1 in front.
Are these 1-point-something per cent mortgage rates for real? Or are they too good to be true?
I decided to find out.
Turns out, they are certainly not for everyone. But they definitely are for some people. You just need to know which camp you fall into.
I spoke to two home loan search experts about it this week and both instinctively replied that people should be able to find…
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