Considered a cashback?
Aussie homeowners have pocketed $476 million in cashback offers in 2 years. Isn't it time you compared your options?
A staggering 40% of mortgage holders say they struggled to pay their mortgage in July, according to Finder's Consumer Sentiment Tracker.
But even if that's not the case for you, you should still be be doing everything you can to get a better deal on your home loan.
One easy way to do this is to apply for a home loan with a cashback offer, which is a one-off payment you'll receive for switching your loan.
According to a Finder survey, 5% of homeowners have taken out or refinanced a home loan to snag a cashback offer over the past 24 months.
With an average cashback offer of $2,888, that's the equivalent of $476 million saved nationwide.
So how do I get a cashback?
Simply compare some of the best home loan cashback offers here.
However, make sure you meet the criteria before applying, and that the new loan doesn't leave you worse off over the long run.
If you're unsure, ask yourself this question: if I took away the special offer, would this loan be right for me?
Remember, cashback is only part of the equation. A lower interest rate will save you more money than a cashback offer in most circumstances. A mortgage with features such as an offset account and flexible repayment options can also help you save money.
