Australian mortgage broker, Aussie Home Loans, is challenging home owners and buyers to take advantage of the recent cut in rates and seek a better deal - with the unique incentive of $500 worth of free fuel during September if the company’s specialist mortgage advisers can not find them a better deal.

Chairman of Aussie, Mr John Symond said, “While this week’s rate drop has helped, families are doing it tough at the moment with high fuel prices and food inflation, as well as the continuing high mortgage rates. This is a great time to seek a better home loan as rates are expected to continue falling, providing even greater savings for families. Aussie can help borrowers out by providing them with a better home loan deal or we will provide them with free fuel.

“I am so confident that our 500 accredited Mortgage Advisers can find buyers and owners a new, cheaper loan to replace their existing home loan, I will give customers who come to us a break at the petrol pump as an incentive to invest the time to explore better home loan options with Aussie.

“We will compare the customer’s loan with hundreds of others provided by our panel of 17 lenders, including the major banks, and if we can not find them a better deal, we will give them a fuel voucher worth $500 as compensation for their time out to meet with us”, he added.

He added, “Our research shows that more than 50 per cent of customers who speak to an Aussie mortgage adviser do not have the best home loan deal. Now is a great time to drive a better deal with Aussie”.

Aussie’s research also shows 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.

Aussie will provide the fuel voucher for any home loan borrower who makes an appointment and meets with an Aussie Mortgage Adviser and can not find a better home loan deal*.

Aussie is rapidly building its presence across Australia, recently opening its 31st Aussie Shop and launching a recruitment program for mortgage advisers.

Despite the current market volatility, Aussie continues to provide about $1 billion a month through its mortgage advisers, all of whom are accredited with the leading industry body, the Mortgage Finance Association of Australia (MFAA) and use the company’s proprietary Mortgage Explorer software tool that selects the best home loan to suit the individual needs of customers.

Aussie Home Loans has provided loans to more than 220,000 customers with a loan portfolio worth more than $20 billion.

The Aussie Shops are now a very popular destination for customers, while the mortgage advisers continue to visit customers at their home or office, 24 hours a day, seven days a week.

* Conditions apply - see Aussie for more details