For healthcare professionals juggling long hours and busy schedules, overpaying on your mortgage is the last thing you need.
Negotiating a better rate with your bank is a straightforward way to reduce costs and save money over time.
Our guide provides clear steps and a practical script to help you get started.
Steps to Negotiate a Better Rate
Check Your Current Rate and LVR (Loan-to-Value Ratio)
Start by identifying your current interest rate and LVR. A lower LVR often means a better chance to secure a reduced rate. Your broker can assist you in understanding what rates you might qualify for.
Research Competitor Rates
Compare rates from other banks to build your case.
For example:
Big 4 Banks: CBA, NAB, ANZ, and Westpac typically compete closely.
Smaller Banks: Institutions like ING or Bankwest often match each other’s offerings.
Contact Your Bank Using This Script
We’ve crafted a client-friendly script to help you negotiate. Download the document below to read the full version.
This blog highlights the essentials, but the full guide dives deeper!
Watch this quick guide on our YouTube channel.
And most importantly, access the complete guide and start saving today!
Let’s Work Together
Negotiating with banks doesn’t have to be stressful.
As professional mortgage brokers, we’re here to help you navigate the process, compare options, and save money.
Book a free consultation today for personalised support: Book a meeting
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