Money magazine Comments - Forget loyalty: how to negotiate a better deal on your mortgage If you're one of the 80% of mortgage holders who stick with the big bank they know but usually don't love, you could be throwing away tens of thousands of dollars. https://www.moneymag.com.au/feed/latest?story=155939903 Thu, 12 Mar 2020 17:11:42 +1100 Thu, 12 Mar 2020 17:11:42 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Forget loyalty: how to negotiate a better deal on your mortgage https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Tony van Sleeuwen ()

Hi Nicole, we have a P&I mortgage with WBC for 14 years and last year in March it was suggested that we should lock in our P&I at 4.19%. for 5 years. Within a short period of time the Reserve bank started lowering rates whereby we are now heavily disadvantaged. I am a TPI Vietnam war veteran and have 16 years to go on our Mortgage. Can you advise us what we can do, if anything to avoid "break" costs to a lower rate?

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