Most Australian Home Buyers have a mortgage that’s been designed by a lender, for a lender. This means youre probably paying way too much for way too long to own your home. But Does This Have To Continue?



Making Sense Out Of The Market.





There are an enormous number of Home Loan products available from a wide number of Prime and Sub Prime lenders in the Australian market place. Choosing the Right One For Your Lifestyle may not seem to be as simple as you would want it to be.



Most Lenders and Brokers are fixated on Interest Rates but is that really all that Home Loans are about? If it were, then the lender offering the lowest Interest Rate should get all of the home loans. It stands to reason doesn’t it? Still, what else can the lenders, and most brokers, offer you if not the potential for a lower interest rate? It’s not like they actually work for YOU is it?



Well, some Mortgage Brokers, Optimal Lifestyle Mortgages of Melbourne amongst them, have decided that there needs to be a better way and with the help of a select group of lenders have come upon a method that offers home buyers the chance to reduce their mortgage debt each month without them having to do any more than make their repayments on time.



What it means is that, every time you make your monthly repayment on time, the lender pays you a rebate of between 0.1% and 0.4% per year, paid monthly in arrears, off the balance of your home loan. So a $300,000 mortgage, could earn you a rebate of between $25.00 and $100.00 each month, which the lender pays straight back into your Home Loan and therefore comes straight off the principal amount.



Thereby reducing your principal without you having to do a thing. Let’s face it, debt reduction should be your number one priority, especially in times like these and especially when it comes to giving your hard earned money to a bank, when you could give them less and still own your home years sooner.



This results in a huge reduction in interest payable over the life of the loan and also reduces the term of the loan quite effectively and dramatically.



Additionally, as an increased incentive for Australian Home Buyers, every time a home buyer refers a new client to brokers like Optimal Lifestyle Mortgages, the referring home buyer will receive an additional rebate of 0.1% paid directly into their mortgage account. Naturally, conditions apply, but they’re simple and easy to meet and basically rely on each mortgagee making their repayments on time each month, which almost all of us do every month year in - year out.



In this way, an Australian Home Buyer could effectively reduce their own Mortgage debt, and the Mortgage debt of their friends and family without having to pay any more per month to do it. A Win - Win situation for all concerned. The Lender has more mortgages, that are repaying their loans on time, with less defaults in most cases and the home owner saves thousands in interest. And the Broker has a larger number of happy clients who in turn refer more clients and who therefore receive larger rebate amounts each month.



Optimal Lifestyle Mortgages operate throughout Melbourne but also work with clients from around the country, the only exception being WA.