Chairman of Aussie Home Loans, John Symond, today urged home borrowers to urgently seek expert help to offset the costs associated with today’s 0.25 per cent rise in official interest rates.

“The latest rate rises will put pressure on borrowers with large debts but I caution them against rushing towards fixed rate as they are already at a high premium to variable rates. The best thing they should do is seek an industry expert to review their financial situation and find them a better deal,” Mr Symond said.

“Our research shows that more than 50 per cent of customers who speak to an Aussie broker do not have the best home loan deal. Following the latest rate rise and the prospect of more to come, now is a great time to access a loan with a low rate and features that match borrower’s requirements”.

He added that Aussie’s research showed that home owners who refinance through the mortgage broker generally save up to 0.75 per cent on the standard variable rate, which could amount to tens of thousands of dollars over the life of the mortgage.

“The bottom line is that borrowers should not just cop the rate rises, but do something about them by seeking a better deal with their home loans,” concluded Mr Symond.

As a broker selling a range of products, Aussie specialises in helping customers lower their interest bill and customers can get the help they need by visiting www.aussie.com.au where you can compare hundreds of loans from the banks, other lenders and Aussie to find the one that best meet your needs.