How a quick call or email could save you thousands of dollars

Given the choice, most of us would opt for a loan agreement that trims thousands of dollars from repayments.

Seems obvious, doesn’t it?

All you have to do is get some free advice before you sign on the dotted line.

Why? Because it's easy to miss the big picture.

Whenever you’re about to sign up for a loan, you want to be sure it’s the best one for your needs. Maybe there are more cost-effective alternatives from other lenders. Or perhaps your current financial situation means you’d be better served by taking another approach.

To find out, simply fire off a quick email to us. We can help you review the numbers and maybe arrange things so you’ll be much better off.

Here are some real-life examples:

Example 1: An EV Loan.

We recently talked to a client who was on the verge of taking out finance to buy an electric vehicle. The car salesman had put together a loan offer that looked okay.

But when we sat down, we were able to point to an alternative EV loan offered by the client’s bank. The interest rate was better and the cost savings were attractive.

The thing is, it can be hard to know if these options exist if you’re not a professional financial adviser. Not all banks offer EV loans and the market is changing all the time.

Please note that we are not here to recommend you buy an electric vehicle or not. That’s your business. What we can do is help you figure out whether the numbers work, and we can manage your loan application.

As always, it costs you nothing to get our advice.

Example 2: Refixing a home loan.

It can be tempting to click on a friendly email from your bank when they remind you it’s time to refix (and they tell you they have a special rate, but there’s a deadline).

It’s easy – but it may not be the right choice.

For instance, we know someone who clicked on a link to take advantage of a special interest rate. The problem was that she had already gone unconditional on a new property and the current mortgage was about to be repaid.

Result: a costly and unnecessary break fee.

It’s a problem that could have easily been avoided with a quick phone call. We would have asked questions about any changes in the client’s circumstances, and then made a recommendation based their needs, not the bank’s marketing campaign.

Others have been caught out by refixing before a change in the OCR that led to rate drops. We keep a beady eye on Reserve Bank announcements, and would have been able to advise them whether to act immediately or hold off for a cheaper rate.

Your emails and phone calls are always welcome.

At Sue Tierney Mortgages, we’re here to give advice whenever you’re thinking about taking out finance or changing your insurance. If we think you’ll be better off by signing the loan or by holding off, we will look at the bigger picture and always work in your best interests.

Try us. Click on the link below to set up a call. There’s no charge.

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