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Banks increasing interest rates for loyal customers

October 2, 2018 in Insider Tips, Latest News, Rate Rises

Whilst the Reserve Bank Board voted for the Official Cash Rate to remain at the current level (1.50%) this month, please ensure you take a minute to check the current interest rate you are being charged for your Home Loan / Investment Property Loan.

Why ???

Many banks have increased the interest rates on the Home Loans & Investment Property Loans of their existing “loyal” clients and in many cases these interest rates are significantly higher than the rates currently being offered to attract new customers to the bank.

If you believe you are one of the many “loyal customers” being charged more than you should be  please call or email as we have a great strike rate of successfully negotiating with the banks on behalf of our clients to achieve lower interest rates  … & in the vast majority of occasions we have achieves significant for our clients without the need to refinance their Home Loan / Investment Property Loan to another bank.

Ahhhhhhh … the benefits of having your very own Personal Mortgage Specialist.


Banks Increase Interest Rates on Home Loans

September 4, 2018 in Insider Tips, Latest News, Rate Cuts

The Reserve Bank Board may have voted to retain the Official Cash Rate at the current 1.50% p.a. however, several banks have already increased their Variable Interest Rates, with more banks expected to announced their intention to do the same over the next few weeks.

The banks are blaming “the increasing costs of funds” however the reality is borrowers can still negotiate lower interest rates with their banks despite the bank’s belief that the majority of their customers will simply “cop it sweet”.

If your Home Loan Variable Interest Rate is currently (or soon will be) greater than 3.90% p.a. … CALL ME !!!

 Many of our clients have already taken advantage of our free advice & reduced their interest rates which has saved them $$$

 We are also pleased to confirm that over 90% of these DPF clients have achieved these savings without the need to refinance or change banks.

 Please remember … WE WORK FOR YOU … not the banks … so please call me if you’re not happy with the rate your bank is charging you.


Banks charging “Loyalty Tax” to existing customers

August 7, 2018 in Insider Tips, Latest News, Rate Cuts

Please be mindful when you receive your next Home Loan Statement to view the interest rate you are currently being charged. 

We are seeing a steady increase in the number of long term bank customers who are unknowingly being charged higher interest rates on their Home Loans. 

Each week we are assisting clients to strike back & achieving lower rates with the vast majority accomplishing this with a simple phone call. 

Last week one of our clients was shocked to learn how much their bank was overcharging them & absolutely thrilled when our Mortgage Specialist passed on an “Insider Tip” which saved them $3,959.00 per annum without having to refinance or change banks.

 Q: How much was our client charged to achieve this ?

 A: $NIL

 Please take a minute to jump onto your internet banking to check your latest statement. If your bank has targeted your Home Loan you could be paying thousands more than you need to.

 Please feel free to call or email and always remember … WE WORK FOR YOU … not the bank


RBA Announcement

August 7, 2018 in Insider Tips, Latest News


Borrowers can celebrate as today marks 2 years since the Reserve Bank last changed the Official Cash Rate.

Adding to this good news is many of Australia’s leading economists are predicting the record low rate of 1.50% may not increase for some time yet.  


Changes to Qld First Home Owners Grant

June 12, 2018 in Insider Tips, Latest News

The Queensland Treasurer has announced in the State Budget the First Home Owners Grant will reduce from $20,000 to $15,000 on 1st July 2018.

Tips for EOFY

June 1, 2018 in Insider Tips, Latest News



EOFY is only a few weeks away so now is a great time to contact your Accountant & ask for any last minute tips which will help you to reduce your tax bill.

Why pay the taxman more than you need to ???

Banks charge loyal customers higher interest rates

April 17, 2018 in Insider Tips, Latest News, Rate Cuts


Why are banks charging higher interest rates on Home Loans & Investment Property Loans to their loyal clients whilst offering lower interest rates to new customers ?


  1. The banks have discovered that loyal clients don’t tend to “Shop Around” when seeking a new Home Loan or Investment Property Loan & rather will simply contact their bank or visit their local branch manager. As a result the banks don’t need to provide the lowest interest rate to win this customer’s business.
  2. The banks are aware that many of their loyal customers don’t look too closely at their current interest rate which appears on their Home Loan / Investment Property Loan statement.
  3. The banks are also aware that many loyal customers will simply assume their bank is continuing to provide them with a competitive interest rate similar to that which they were offered when they first established their Home Loan / Investment Property Loan.
  4. If the situation arises that a loyal client approaches their bank & requests a lower interest rate the bank believes a small discount will often be sufficient to satisfy this client.


Over the last 2 weeks alone our Mortgage Specialists have assisted 7 separate families who were not aware that the interest rates they were being charged on their Home Loans were 0.50% p.a. – 0.80% p.a. higher than the interest rates their banks were currently offering to new customers.

In dollar figures these higher interest rates cost each family an additional $1,200.00 to $5,600.00 per year.

Fortunately our Mortgage Specialists don’t work for the banks & the end results were great for all 7 of these families who, after working together with their Mortgage Specialist, are now thrilled to be keeping an additional $1,200.00 p.a. – $5,600.00 each year in their own pockets.


Please remember … Our Mortgage Specialists work for YOU … not the bank


Question: How much is your bank charging for your loyalty ???




Is your Home Loan Interest Rate too high ???

March 13, 2018 in Insider Tips, Latest News, Rate Cuts

Luke & Melissa were recently contacted by their Mortgage Specialist as the fixed interest rate on their Home Loan was due to expire. During their conversation Luke mentioned that the new interest rate being offered by their bank was 4.26% p.a.

DPF informed Luke & Melissa that 4.26% was not low enough as the same bank was offering even lower rates to new clients.

Our clients were happy for DPF to negotiate with the Bank on their behalf, and absolutely thrilled when their Mortgage Specialist informed them their Home Loan interest rate was reduced to 3.75% p.a. which saves them an additional $2,682.00 p.a. (i.e. $223.00 per month).

Not a bad result for a 5 minute chat.


Q:       How much did this cost Luke & Melissa ???

A:        $Nil


Q:       Did Luke & Melissa need to refinance their Home Loan to a new bank ???

A:        No


Q:       How ???

A:        Having your own Mortgage Specialist can save you $$$


If you or someone you know are being charged too much by a Bank click on “CONTACT US” to talk with a DPF Mortgage Specialist


Contact us directly on 07 5527 4744 or

Will requesting a Pre-Approval have a negative impact on my Credit Score ?

March 5, 2018 in Insider Tips, Latest News


Will requesting a Pre-Approval have a negative impact on my Credit Score ?


The short answer is …YES !!!


Q: How can this happen ???


The first step taken by any Bank in the Pre-Approval process is to access your Credit File to obtain a copy of your previous credit history & your current credit score.


Every time a Bank accesses your credit file a “file access” (i.e. “fingerprint”) is recorded on your credit file which reduces your Credit Score.


If you have 3 or more “fingerprints” recorded on your credit file within 6 months of the date you are actually applying for finance, your credit score is likely to have reduced to a level below the minimum the Banks will accept resulting in your Application for Finance being declined by the Bank.


And please remember that the Bank who is assessing your actual Application for Finance will also create their own “fingerprint” which means that if you already have 3 prior “fingerprints” on your credit file, the new bank will be recorded as the 4th & therefore your Credit Score will be reduced even lower.


Please also be aware that it is not only the Banks who create these damaging “fingerprints” on your credit file. Your Credit Score will also be reduced when you do any of the following:


  • Request a copy of your “Free Credit Score” through an online or television marketing organisation
  • Take out a new Mobile Phone Plan (even if you don’t change to a new service provider)
  • Sign up for Certegy Ezi-Pay, Afterpay or zipPay
  • Accept a new “Interest Free” Store Card or CreditLine facility
  • Arrange a “Balance Transfer” of your credit card debt to a new credit card 


Q: How can I find out how much I can borrow without a leaving a “fingerprint” on my credit file ?


For over 20 Years DPF Mortgage Specialists have completed thorough assessments of borrowing capacity with an incredibly high level of success & accuracy without recording “fingerprints” on credit files.


Our Mortgage Specialists have access to the approval criteria & lending policies of over 40 Banks & our Mortgage Specialists can discuss your specific circumstances with the Banks’ Senior Credit Managers. These Senior Credit Managers actually possess the authority to “Approve” & “Decline” your loan application & therefore the level of accuracy we achieve is significantly higher than if we simply approached the lower level credit analysts & branch managers who do not hold this level of authority or experience.


Protect your Credit Score … Talk with a DPF Mortgage Specialist


Last Day to Receive Discount on your Property Rates

February 15, 2018 in Insider Tips, Latest News

DPF Reminder for Gold Coast Property Owners …

TODAY is the LAST DAY to receive the discount for your GCCC Property Rates.

Why pay more than you need to ???