BECOME A HOME LOAN HAGGLER……& SAVE THOUSANDS OF $$$’S!

We squabble over shoes, barter on a bag & do a deal on a dress, yet when it comes to our home loan we don’t negotiate? Why??? Savvy home-loan shoppers are bargaining more than 1 percentage point off major lenders’ variable interest rates, saving 10’s of thousands of $’s in repayments.
Yep, the battle for borrowers is big now & if you can haggle 100 basis points off a loan of $500 000, that would reduce your repayments by $3540/year, that’s $88 500 over 25 years!!! Tips?
TIPS FOR GETTING THE BIGGEST POSSIBLE DISCOUNT ON YOUR HOME LOAN
Become a research rookie
Make sure you know the best offers on the market before you begin negotiating
The leverage lover
Talk to multiple lenders then play them off against each other
Bundle baby
Be willing to bring all your financial services needs to the home lender
Keep it clean
You’ll need to have a good credit history. Check first with the likes of Veda Deposit. Lenders will want to see a history of savings leading to a deposit equal to 20% of the purchase price
Size does count
The bigger the loan, the bigger the discount
Haggle honey
Push hard to get an extra few basis points. If that’s not your style then a broker may be a good option