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Negotiating a lower interest rate on your property loan
By Maja Garaca Djurdjevic
25 February 2021
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1 minute read
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The banks are customer hungry, meaning they’re willing to offer increased discounts to new customers and apply these discounts to existing customer loans, a mortgage broker has said.
Speaking on a recent episode of The Smart Property Investment Show, experienced mortgage broker Marissa Schulze encouraged investors to get on the phone to their bank and ask for a discount.
“Banks are extremely competitive and are willing to give increased discounts and apply those discounts to loans,” Ms Schulze said.
“It definitely does make sense to call your bank and ask them for a discount. The worst they can say is no, but definitely, the banks are very hungry right now to retain business and get new clients,” she noted.