The $20,000 Win

Hey Scott,

Not so much a question, I just wanted to say thank-you. I read your article about calling your bank and bluffing to get a cheaper home loan rate. I did exactly that. Although, things have changed now. They won't offer you anything on the spot. Instead they'll send you the forms, you'll need to fill them out (with fake UBank details of course) send them back to your bank, and their retention team will make contact. Your idea has just saved me $20k over the life of my mortgage.

Rick

Hey Rick,

Given this column is read (or at least seen!) by a couple of million Aussies each week, maybe the banks are wising up to my script. Maybe. Still, research from comparison site finder.com.au has found that four out of five people that hit their bank for a better rate, get it. Either way, you’ve proven that sometimes it pays to go postal!

Scott