Why It’s A Good Time to Restructure Your Loan

Now is a great time to look at your current home loan and compare your rate with others out there in the marketplace.

A rate drop of 0.5% now could mean a saving of around $50,000 in the long term. With the RBA rate sitting at 3%* it’s also a great time to look at a fixed rate loan, this can provide certainty and stability in the short term. Lenders are continually bringing out new products to the marketplace and you should ensure that your current loan continues meets your future goals and objectives.

Many people do not regularly review their home loan and this can cost thousands of dollars over the life of their loan.

Restructuring your loan isn’t a big deal and why not let someone else do the work for you by talking to a mortgage broker who can provide you with expert advice on which loans best suit your needs.

Speak to your financial adviser or mortgage broker for more information.


*the interest rate was further reduced to 2.75% on 7th May 2013.



by Simon Tworek

Simon is a Financial Adviser at Insight Wealth Planning. He has an advanced diploma and masters in Financial Planning and has a strong technical background.



The information in this document reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way. Any advice in this publication is of a general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.