Can we get you better home loan Rates?

If it’s been a while since your home loan had a health check, you could be paying too much for your mortgage. We have the solution that will let us check if your home loan rates are competitive and how much you could be saving. It’s quick, easy and obligation free.
home loan health check

FREE MORTGAGE RATE TRACKER!

Time for a rate check? Track your home loan rates in real time to ensure they stay competitive!

Is your home loan lender really looking after you? Are they giving you their BEST possible home loan rate??

When it comes to borrowing money, it doesn’t pay to be too trusting…
That’s because most lenders offer better deals to new customers, instead of looking after you, their long-term ‘loyal’ customer – this means you often end up paying more interest than you should!

In fact, if you haven’t reviewed your home or investment loans in the past few years, you’re almost always going to be paying a higher ‘legacy’ rate with your home loan lender.

It’s commonly referred to as paying a loyalty tax and it sucks!! But there is a solution…

Get started with Ratetraker

Introducing RateTraker by Sherlok!

Sherlok’s RateTraker is a ground-breaking loan tool that monitors rate movements, tracks your rate competitiveness and requests rate reviews and repricing with your existing mortgage lender!

Here’s how it works…

1
Track your rate in real time

Get live updates on your home loan interest rate, so you’re never in the dark about your current deal.

2
Know your home loan rating

Discover how your interest rate compares to others with a simple score from 1 to 10.

3
Request a reprice anytime

Easily request a rate reduction from your lender with a click, whenever it’s needed.

How RateTraker works

Complete the form

Once you’re signed up, we’ll send you an email with a unique link to a secure open banking portal where you can connect all the loan accounts you want to monitor.

now the magic Happens

RateTraker will instantly compare all of your loans with your lender’s best rates and new offers – giving each loan a score out of 10.

If your loan Scores Low

A low score means your loan is no longer competitive and you will be prompted to send an automated reprice request to your existing lender asking them to lower your rates. Easy!

If your Loan scores high

Great! That means you’re currently on a competitive home loan rate with your lender and no change is required for now.

keep your lender honest

Once in place, Sherlok’s RateTraker will continue to monitor all of your loans in real-time for any changes, letting you know if your Home Loan rates ever become uncompetitive!

NOTE: Sherlok’s RateTraker is completely FREE to use and is available to anyone that requests an invite. You do not need to be a base home loans client and there is no obligation to use our services.

frequently asked questions

Still not sure about how it all works? Let us explain…

RateTraker is a game-changer for mortgage brokers in Australia, harnessing the power of Open Banking. It’s like having a mortgage expert who never sleeps. By using Open Banking and advanced technology, RateTraker constantly monitors home loan interest rates. If it spots that you’re paying more than the current market rates, it alerts your broker to act.

Yes, your information is completely secure. We’ve partnered with Sherlok, an accredited provider that complies with Open Banking regulations. Your data is protected with advanced encryption, and you maintain full control over how it’s used.

Open banking is a regulatory framework implemented by the Australian government to ensure that when clients share their financial data, it remains secure and protected. To participate, organisations like Sherlok must comply with rigorous security standards, including maintaining ISO27001 certification, which is recognised globally for best practices in data and cyber security. When you give your consent, your bank or lender will securely share their loan information within this framework, and you can withdraw consent at any time, giving
you full control over your data.

Open Banking is a financial framework that allows clients to share their financial data with authorised third-party providers through APIs
(Application Programming Interfaces). By understanding their financial needs and habits, Brokers can provide clients tailored financial advice, better loan options, and more personalised services while ensuring the safety of clients’ personal data.

Here’s the magic bit. Sherlok’s RateTraker is a smart tool that keeps tabs on your loan. When RateTraker identifies that your interest rate is
too high, it notifies your broker. Your broker then reviews your loan situation. They’ll either negotiate a better rate with your current lender or help you switch to a new one with a lower rate. It’s like having a watchdog for your mortgage.

Basically – less stress, more savings. By consenting Open Banking and allowing your broker to use RateTraker, you’re giving them the
power to ensure you’re always at the best possible rate. No more wondering if you could be getting a better deal or if you’re throwing money away. Your broker’s got your back, and RateTraker is their secret weapon.

No, that’s the best part! Our team will manage the communication and negotiation with your lender on your behalf. If we find a better rate, we’ll handle the discussions to secure it for you.

The tool operates in real-time, continuously monitoring your rate and market trends. If there’s an opportunity to save, you’ll be notified promptly.

Probably less time than you’ve spent ready these FAQ’s! Setting up your access is quick and easy. Once you receive the SMS and email link, it only takes a few minutes to complete the process and activate the Rate tracker tool.

No, this service is completely free for Base Home Loans customers. Actually, you don’t even need to be one of our clients and there is no obligation to us from you at all, but we are happy to help if you would like us to.

why use a mortgage broker instead of the bank

Be treated like a real person, not a metric or KPI

Ease and Convenience

You always have direct access to your mortgage broker for convenience and peace of mind.

Access to a huge range of lenders

We can match your needs to a home loan that suits you AND saves you the most money.

Reduce margin for error and delays

Your broker will liaise with real estate agents, valuers, settlement agents and lawyers to help wherever possible.

“Above and Beyond”

Experience the reliability, convenience and ease of using Base Home Loans as your mortgage broker. Based in Perth, we’re here to make your home loan feel easy.