Mortgage Wars

Hi Scott, 

After reading ‘Mortgage Month’ in Step 3 of your book, I apprehensively (as I avoid confrontation) called the bank and stuck to your script. Our rate was dropped from 4.03% to 2.74%, no questions asked. I shared this idea with my sister (single mum with mortgage, whose employer just announced her contract will not be renewed). Her rate dropped from 4.1% to 2.94%. A teary (because those bastards charged us so much for so long) and heartfelt thanks from both of us!

Sarah

Hey Sarah,

Sweet as! 

If there’s one thing you can do when you’re stuck at home, it’s to get a better deal on your home loan. The big four banks have all been reducing their basic variable offerings to around 2.7%. They’re really slugging it out on fixed rates -- though I’d stick with a variable rate.  I had a window-shop this week and saw three small lenders were offering deals below 2%. I have never, ever seen rates this low. Time to get the banker off your back!

Scott