Lazy tax? Haven’t heard of that one? Well, before you jump on the phone to your accountant for an explanation of whether it’s something you can claim against…read on. 

‘Lazy tax’ on your home loan is the extra amount you pay above the best interest rate available on the market. As it stands, if your current home loan interest rate doesn’t start with a 3*, you’re paying too much.

So why have we coined the term ‘lazy tax’ to explain this all too common phenomenon? Many of us pay bills without checking because we are lazy. We fear changing things or creating more work to refinance our home loan.

Well, what if we told you that simply by agreeing to pay your lenders advertised interest rate, you could be overpaying your home loan by a staggering 0.8%. Keep in mind that’s just comparing averages.

We can probably find you a lower rate than usual, saving you more money each month than you think. The best part? You can continue to be as lazy as you like – since we do all the hard work for you.

Just find some time for us to chat. We’ll work together to find the best home loan and lowest interest rate for you.

We may have other suggestions to help you save more money or pay off your mortgage faster.

Tools including:

  • Using a budget
  • Keeping your savings on your mortgage; and
  • Using an offset account or redraw facility,

often require minimal to no effort on your behalf to set up and can be extremely valuable even in the short term.

If you paid extra fees because you were lazy, contact us. We can help you identify other things you might be overlooking with your home loan. Costing you nothing, but potentially saving you a lot!

Click here to discover a whole range of other reasons why using a mortgage broker can be a huge benefit to you and your family. 

*All lending subject to status and lenders criteria. Terms & conditions apply. This document contains general information only. Your own personal circumstances have not been considered and you should seek independent financial advice prior to making any decision on a financial product.

Similar Posts