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With the Reserve Bank just hiking interest rates for the eighth month in a row, Australia’s cash rate is now sitting above 3% and some home loan rates have soared beyond 7%.
Unfortunately, it appears there’s no relief in sight any time soon, with warnings more increases could be on the way in 2023.
Given the current climate and the pressure this is placing on many homeowners, we understand it’s more important than ever for us to help you keep on top of your mortgage repayments.
As part of this commitment, the Rising Tide team has partnered with SHERLOK, a cutting-edge, AI-powered system that automatically – and more closely – monitors your interest rates with the goal of detecting when you could be getting a better rate.
We worked with Penny’s lender to not only negotiate a more competitive interest rate – saving her thousands on her annual home loan repayments – but she also enjoyed receiving a $4,000 cash bonus to stay with them!
If you’re keen to help us help you get a better deal but want to know a little more about it all, have a listen to our Director Matt Hale explain a few key details here.
Still have questions or are ready to get on board with SHERLOK?
Thinking about selling your home, renovating or refinancing?
We look forward to helping you keep a few more bucks in your pocket!