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Money Hack: Save more than $105,000 on your home loan

Posted: 28 February 2018 10:00 am
News

clock_money_shutterstock_Acting fast could save you six figures on your home loan.

Lenders often run promotions to woo borrowers in the competitive home loan market, but most of these promotions only run for a limited time. Acting quickly can save you a massive amount of money.

The hack

The 72-hour finder Flash Sale is running until 8am on Thursday 1 March. During this sale, lenders have offered exclusive discounts only available through finder.com.au, including the lowest variable rate currently available in Australia.

Let’s say you live in Queensland, where the average home loan size is $333,600. If you had a home loan on the average standard variable rate of 4.59%, you’d pay $307,436 in interest over the life of the loan.

If you lock in a rate of 3.44%, the lowest currently available through the 72-hour finder Flash Sale, you’d end up paying $201,670. This is a saving of more than $105,000 over the life of your home loan.

The next step

The finder Flash Sale must end at 8am on Thursday 1 March. You don’t have to be fully approved for a home loan in this timeframe in order to lock in a great rate and save money. All you have to do is begin the process by clicking on any one of the deals.

To find out more about the exclusive home loan discounts on offer, head to the finder Flash Sale home loans page. Compare the loans on offer to see which is best suited to your borrowing circumstances. Then click on the deals to lock in some of the lowest rates in Australia.

Check out other Flash Sale deals


finder money hacks is a bi-weekly round-up of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

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