Are there any options for re-negotiating interest rates with my
current bank lender, or shopping around other lenders for better
rates/deals?
Q.
I have a mortgage - are there any options for re-negotiating
interest rates with my current bank lender, or shopping around
other lenders for better rates/deals?
A.
It's a matter of bluff because there can be hefty exit fees if
you leave your present lender within a certain time, often three
years, and there can be additional costs if you move to another
lender. Often it's a matter of staring your existing lender in the
face and doing the best you can.
Each week financial advisor Noel Whittaker answers your
questions.
