Mortgage Holders Urged to Negotiate for Better Rates Amid Rate Hikes
Mortgage holders face pressure after three consecutive interest rate hikes. To secure better rates, borrowers are encouraged to negotiate with lenders by asking for their 'edge of cliff' price, which reflects the lowest rate they can offer to retain customers. This strategy can help homeowners save on their mortgage repayments.
Why it matters
Homeowners struggling with rising costs can potentially lower their mortgage repayments by negotiating with lenders.
Read the full story at The Guardian AU→