Should you switch
your mortgage?
In 60 seconds, we’ll tell you if you’re overpaying — and what you could do about it.
In 60 seconds, we’ll tell you if you’re overpaying — and what you could do about it.
Get a quick answer on whether you’re overpaying.
Compare your rate to what’s available today.
We’ll simply tell you if it’s worth switching or not.
Most homeowners don’t realise their rate drifts over time. Lenders reward new customers, not loyal ones.
Your rate may no longer be competitive
You could be paying thousands more yearly
Switching is easier than you think
Example: A 0.5% difference on a $800k loan = $4,000/yr*
We won’t recommend you to switch if it’s not worth it.
We'll recommend to you stay put.
Give you some options to consider.
Strong opportunity to switch.
We compare your rate against a wide panel of Australia’s leading lenders^
“I assumed my rate was fine since I hadn’t looked at it in a while. Took less than a minute to check and realised I was paying more than I needed to. Ended up switching and saving just over 3 grand a year. The whole process was straightforward and there was no pressure at any point.”
“What I liked most was that it didn’t try to push me into switching. It actually showed that my rate was already competitive, which was reassuring. It’s a quick, easy way to sense check where you stand without feeling like you’re being sold to.”
No. Checking your rate with BeatMyRate does not impact your credit score. We only use a soft check based on the information you provide, which means there’s no record left on your credit file. You can explore your options freely and see where you stand without any downside.
Not at all. In many cases, people simply use the insight to confirm they’re already on a competitive rate. Others use it as leverage to negotiate a better deal with their current lender. If switching does make sense, we’ll show you your options, but the decision is always yours.
It takes less than a minute to get a clear answer. We’ll ask a few simple questions about your current loan, then compare your rate against what’s available today. From there, you’ll quickly see whether it’s worth taking action or staying exactly where you are.
We compare your rate against a wide range of current offers from banks and lenders across the market. This gives you a realistic view of where you stand today, not just based on averages, but on what’s actually available right now.
It depends on your loan size and how your current rate compares to the market. Even a small difference, like 0.5% can mean thousands of dollars per year on an average mortgage. We’ll give you a clear indication of potential savings so you can decide if it’s worth exploring further.
If switching makes sense for you, we can connect you with trusted mortgage broker who can help you through the process. They’ll handle the details and guide you step-by-step, making the transition as smooth and straightforward as possible.
Yes, and many people do. Having a clear understanding of where your rate sits can be a powerful tool when speaking with your lender. In some cases, a quick call is all it takes to secure a better deal without needing to switch at all.
If you choose to move forward with a new loan, we may receive a commission from the lender or broker. There’s no cost to you, and you’re under no obligation to proceed with any option we show you.
Yes, your information is handled securely and only used to assess your current rate and options. We don’t sell your data, and we only share it with trusted partners if you choose to proceed further.