She's On The Money How to Get a Better Interest Rate + Should You Start a Business with Your Bestie?
Feb 20, 2025
Interest rates are the hot topic, especially with a recent cash rate drop. Learn how to negotiate better mortgage deals—just a 1% decrease can save you thousands! Then, explore the intriguing question of whether starting a business with a best friend is a wise idea. While it sounds fantastic, the potential risks to your friendship and finances are real. Plus, uncover clever hacks for free dinners just by leaving reviews, alongside community financial wins and personal anecdotes that keep things fun and light.
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Negotiating Mortgage Rates
- Negotiate a better mortgage rate by calling your bank and mentioning lower advertised rates.
- Be polite but persistent, escalating if needed and consider mentioning refinancing to reach the retention team.
Refinancing Tip
- Refinance your mortgage after March 4th, 2024, when banks announce RBA rate discounts.
- Consult a mortgage broker for the best deals, as they handle the process for you.
Cash Rate Drop Implications
- Cash rate drops stabilize the economy, potentially increasing property prices and serviceability.
- Savings account interest rates may decrease, making it a good time to consider investment plans.