Is your mortgage rate any good?
Enter your current rate, lender and loan type. We'll tell you within minutes whether your rate is competitive, needs a closer look, or if there's likely a better option available.
Not sure of your rate? You'll usually find it in your banking app or latest loan statement.
Your result will be sent by SMS within minutes. If we need more information or think we can help, we'll contact you within 2 business hours.
IN JUST 60 SECONDS, YOU'LL RECEIVE ONE OF THESE RESULTS...
Great rate
Based on the information you've provided, your rate appears very competitive.
Could be better
It may still be competitive, but we'd need a little more information before we can say for sure.
Looks high
Based on what you've told us, there's a good chance you're paying more than you need to.
Watch time: 1 minute 30 seconds
"The RBA controls the cash rate. Banks control your mortgage rate."
6 MONTHS AGO
Around 6.19% was
considered competitive
TODAY
Around 5.94% may be
available for eligible borrowers
WHY YOUR RATE CAN STILL COME DOWN.
The RBA doesn't set your mortgage rate. Lenders do.
When the RBA changes the cash rate, each lender decides whether, when and how much they'll pass on to customers.
Right now, fewer people are taking out new home loans, so lenders are competing harder than they have in months to win new borrowers.
That's why your mortgage rate could still come down, even if the RBA didn't cut rates.
FAQs
Does this cost me anything?
There's no cost and no obligation.
What if my rate is already good?
We'll tell you. If you're already on a competitive rate, we'll say so.
What if I don't know my rate?
You'll usually find it in your banking app or latest loan statement. If not, we can still help.
How quickly will I hear back?
We'll text you your initial result within a minute. If we think we can help, or need a little more information, one of our brokers will contact you within 2 hours.
Will checking my rate affect my credit score?
No. Your rate check doesn't involve a credit enquiry.
What if I decide not to refinance?
That's completely fine. This is simply a free assessment of how your current rate compares to today's market.
Ready to find out where your rate stands?
It only takes 60 seconds to complete your Mortgage Rate Check. We'll review your current rate, compare it to today's market, and text you the result within a minute.
If your rate already looks great, we'll tell you. If it needs a closer look, we'll let you know. And if we think there's a better option available, one of our brokers will contact you within 2 hours.
Your Mortgage Rate Check includes:
✓ An SMS sent to you with your initial result in 60 seconds
✓ A comparison against today's lending market
✓ Honest assessment, even if your current rate is already competitive
✓ A callback within 2 business hours if we think we can help
1300 657 132