How to Check if Your Rate Is Still Competitive
- Healthcare Home Loans
- Jul 11, 2025
- 2 min read
Updated: Dec 17, 2025
Think you're getting a fair deal on your mortgage? Here's a quick 3-step check to find out:
✅ Step 1: Know Your Current Rate
Log into your internet banking or grab your last loan statement. Find the interest rate listed - make sure it’s your current variable or fixed rate, not the comparison rate.
Tip: If you’re not sure, call your lender and ask:
“What’s my current rate, and when was it last reviewed?”
✅ Step 2: Compare It to What’s on the Market
Go to a lender comparison site or speak to a broker. Right now, competitive owner-occupier variable rates are often in the low-to-mid 5% range - and even lower with LMI waivers.
If your rate starts with a 6 or 7, you’re likely overpaying - especially if it hasn’t been reviewed in 12+ months.
✅ Step 3: Run the Numbers
Even a 0.5% higher rate on a $600,000 loan could mean $3,000+ per year in extra interest.
Ask your broker or use an online calculator to compare:
Your current repayments
What your repayments could be with a lower rate
Need Help? We'll Do It for You - Free.
In a 30–45 minute Setup Session, we’ll:
Check your current rate
Compare it against 50+ lenders
Show you exactly how much you could save
📞 Book your FY25/26 Setup Session now It’s free, it’s fast - and it could save you thousands.
Join our webinar this July Market Update: New Year. New Rates. New Policies. Are You Ready?
🧠 Feeling Uncertain About the Market? You’re Not Alone.
The financial year has reset. Rates have shifted. Lending policies have changed (again). And if you're like most healthcare professionals, you're asking:
Am I still on the right rate?
Can I actually afford to buy in this market?
What’s changed that I need to know — and what should I do next?
This webinar is your clarity session.
If your rate no longer stacks up, refinancing could help you regain control and avoid overpaying. Explore our refinance services for healthcare professionals to see how a tailored review can ensure your loan still works in your best interest.