Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

Old Bank Products that have high interest rates

Name: Old Bank Products that have high interest rates
Uploaded: 2020-10-28T05:31:37Z
Duration: 2 s
Channel: Aaron Whybrow
Description: Short YouTube transcript in which Aaron Whybrow explains that many customers hold "old products"—particularly home loans—from major banks with higher…

28 Oct 2020 · 0 min

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Short YouTube transcript in which Aaron Whybrow explains that many customers hold "old products"—particularly home loans—from major banks with higher rates. He advises using a broker or professional to switch products or refinance to save on interest, and notes lenders are offering refinance rebates to attract customers.

Old products of the bank.
Old products of.
The bank are things that you've had.
As your.
Product for way too long. I'm talking about home loans. Hey, it's Aaron from Diagnostics and Finance. A couple of customers have been able.
To review their.
Home loans in this time. They've been working at home, they've been checking out their home loans and they found that they've got some old products. Old products are the big four banks. And when.
We go as brokers to.
Go and change that or they call.
Up to try to get a better rate, they.
Get told no.
What we do.
Then is that we.
Can either do a product.
Switch and.
Get the right approvals to do so.
And save you a bunchload of interest rate or we can look at your home loan and change it all together and do a refinance. And right now.
There is a lot.
Of banks out there that are finding refinance rebates. They are buying you as a customer right now. So don't stick with the old products.
Try to switch it.
Use a professional to do that or if you need to do more stuff, look at refinancing it to another lender. Hey, it's Aaron here.
I hope this helps.