Ricks Rate Review!

News
July 7, 2025

Is your home loan still the best deal? Lets find out!

Interest rates have been on the move—rising and falling as the economy shifts. Even a small change in your home loan rate can make a big difference to what you pay over time.

Many lenders don’t automatically pass on better rates to existing customers, meaning you could be paying more than you need to. That’s why it’s essential to regularly review your mortgage and compare it to what’s currently on offer.

Banks don’t always tell you when yours isn’t competitive anymore. That’s where our new Rate Tracker tool, comes in.

✅ Monitors your home loan rate automatically

✅ Notifies you when a better deal is available

✅ Can help you refinance quickly and easily

✅ Could save you thousands over the life of your loan

We believe loyalty should be rewarded, not penalised. If your lender isn’t giving you their best offer anymore, we’ll help you take action.

Real Example: How Rate Tracking Saves You Money

Meet Sarah. She took out a $500,000 home loan 3 years ago at 4.5% interest. With rate changes and lender offers evolving, her bank didn’t notify her that new customers were getting 3.9% for the same loan type.

Using our Rate Tracker, Sarah was alerted to the better rate. With our help, she refinanced and dropped her rate by 0.6%.

💡 That 0.6% cut saved her over $2,000 per year—and more than $60,000 over the life of her loan.

Don’t wait for your lender to call. Our tool keeps track of your rate, so you don’t have to.

Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.