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Reduce Home Loans
Changed my finances for the better
Reduce home loans have been fantastic. They have helped me to restructure my loans to benefit me and not the bank. and also saving me money and increasing my borrowing capacity for other purchases. I highly recommend Nick Freney at reduced home loans, very patient and looks after you.
Best rate, quick and efficient process
We managed to secure an unbeatable interest rate for our home loan with Reduce Home Loans and we are very happy with this. later on, we refinanced our investment mortgage with Reduced Home Loans, again with a very great interest only rate. Overall we are very satisfied with the value and responsiveness of them, specifically with the allocated finance manager (Ethan) to our case. He managed our relatively complicated application very efficient and quickly and was able to respond our queries over the sms or email almost immediately. Perhaps for h...
Read moreome loans, the low interest rate is the most important factor and for this reason I rate Reduce Home Loans the best in the market for the time being. The 2 loans are now managed differently so I cant see them from a single app or panel, I need to login to different systems to view and manage them but its not important to me comparing to the huge savings I've made since last year on my loans.The reviewer stated that an incentive was offered for this review
- 2 reviews
- 1 like
- Verified
Sliding door moment
Have you watched Sliding Doors where Gwyneth Paltrow doesn't make it to the train. The other scene is where she makes it and finds out she's been cheated on. If you have you will understand that the same situation has occurred with Reduce Home Loans. You have two ways to go about it. You're on your computer.
1. You ignore the ad that Reduce Homeloans has house loans under 2%pa and decide to stay with the big four paying 2% more. Which on a 800k loan is 16k a year. You end up struggling to pay the loan, default on your loan and you end up livi...
Read moreng in a shared house wondering how you got to this stage of your life. Or you choose 2. You decide to click on the ad and call Reduce Homeloans. Nick Freney answers and sets you up with a loan which is under 2%. You find that paying the mortgage is stress free as you are saving thousands a year. You end up holding onto the house and using the equity to invest in another property which brings you income. As a bonus the girl that you have always wanted asks you out as she sees potential in you as you are smart and set up in life. You end up creating a family. So you know which option I chose. Stop over paying the big banks and call Nick for a good deal.The reviewer stated that an incentive was offered for this review
- 2 reviews
Got exactly what was promised
We got a great deal on our home and investment property loans. Bryce guided us through the application process which was quick and straight forward. We had a great customer service experience throughout the process.
The reviewer stated that an incentive was offered for this review
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- 2 reviews
- 1 like
Amazing Rates and Service!
I have a low credit score and they helped me find a loan with a great interest rate! Overall process was super easy and they gave me peace of mind and it was the most stressless loan application process I have been through! Couldn’t be happier! Thank you!
Great service, Single point of contact
I dealt with Leon from start to finish and his service back to buy his team was great. Despite having a complicated refinancing package the team were able to exceed my expectations by offering me an even lower rate product than what I had requested for.
The reviewer stated that an incentive was offered for this review
- Verified
Great service
Great service, easy process. I've had loans done through brokers before and the process through reduced was the easiest I've had by far. Would definitely recommend to anyone looking for a good low home loan rate.
The reviewer stated that an incentive was offered for this review
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Competitive!
Reduced Home Loans gave us a competitive rate when we restructured our loan. The process was very smooth and stress free. The customer service we received from our broker was great, although he was a bit tricky to get hold of at times, he always returned our calls eventually. We knew the cost of restructuring from the beginning and there were no hidden fees.
The reviewer stated that an incentive was offered for this review
Great homeloan
Was an easy process to get this mortgage everyone at Reduce were very helpful and worked hard to get things in place even with a reduced timeline.
The website is basic but has all the function you need
The rate is unbeatable and will save me $1000's :-)
The reviewer stated that an incentive was offered for this review
Find out how Reduce Home Loans compares to other Home Loans
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- 2 reviews
- 3 likes
Best interest rate for our needs and easy to deal with
Dane at Reduce was fabulous to deal with. He was fast to respond to our requests and worked hard to obtain the best rate. We have used Reduce previously and didn’t hesitate to return for a second loan a few years later. I have so far referred them to a few mates.
The reviewer stated that an incentive was offered for this review
Great service & fast turnaround
We were operating on a very tight timeline but were extremely fortunate to receive amazing support from Ethan from start to finish. All communications were very responsive, clear and professional at every step of the process. Apart from the best in market interest rates, the quality of service has been first rate.
The reviewer stated that an incentive was offered for this review
- 2 reviews
Great rates and knowledgeable broker
I commend Nick as a broker. He was able to explain to me the entire loan process and best way forward given I was refinancing a loan and buying an investment property. His knowledge and expertise was great. This was also tied in with competitive market rates.
The application process is much simpler than it was 5 or so years ago (where it was paper based). It is all completed on an online portal where you can also keep a track on the progress. Was sweating on settlement day. There were minor issues with communication between mortgage solicitor and the discharge bank but Nick along with his colleague were very quick to get on top of it to ensure settlement proceeded smoothly.
The reviewer stated that an incentive was offered for this review
Find out how Reduce Home Loans compares to other Home Loans
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Low interest rates with high service
Very smooth application process with excellent service. Most importantly, the very low interest rates. Excellent experience.
Bryce was very helpful and ensured it went smoothly. Didn't have to go anywhere physically, all online or on the phone, which is great.
The reviewer stated that an incentive was offered for this review
Perfect customer service and competitive rates!
Extremely happy with our customer service and home loan with Reduce. Extremely competitive rate and nothing but the best customer service from start to finish. Highly recommend reduce home loans!
The reviewer stated that an incentive was offered for this review
- 2 reviews
Excellent service and very low rate.
I recently obtained a home loan from Reduce Home Loans for the purchase of a new home. Not only were they able to offer me a super-competitive interest rate, they also provided exceptional customer service. Mr David Easey and his colleagues were very friendly, responsive and professional throughout the process, and I was very impressed by the effort David made to make things happen in time for me. I'd highly recommend Reduce Home Loans to anyone considering a home loan.
Questions & Answers
Why are the fees so huge and why are so many members accusing you of bait and switch, where months after they have their loans established they get a letter advising their interest rates are going up?
Some of the comments are quite serious and places doubts on whether Reduce can then be trusted or not if they sign you up on one rate, only to increase it in a few months. Has many people experienced it?
Also people are saying their exit fees are very high. How high are they compared to others?
Thanks.
Hi Alex, I’m on 3 years fixed rate. I’m not sure how much are the exit fees but I don’t think it’s higher than my precious bank.
I was told exit fees were made illegal from 2011?
$895!
Most big banks average $300!
My mortgage will be discharged in 3 weeks. Yey.
I am considering refinancing soon with reduce and I was wondering if there rates go up soon after changing over. I was convinced a few years ago by a broker to refinance with AFG and 2 days after my loan changed over the rate went up quite a bit and I would have been better off staying with Peoples choice. I don't want to waste my time changing if this will happen again.
I am an existing customer my rate was 2.42% it will soon reduce to 2.27%. I have not experienced any issues with rates, although I have noticed they are now advertising at 1.77% so do not reward loyal...
Read morety. The process to refinance is beyond slow, frustrating and you need to jump through hoops expect it to be even months before it is finalised. So you need to weight that up.
I am also an existing customer at current rate of 3.94% IO Investor loan when current advertised is 3.19% for the same product. Contacted my manager who said that no improvements to rate are possible....
Read more I'm now looking at refinance for 2 loan products elsewhere closer to the advertised Reduce interest rate. No reward once you are signed up.They don’t reward loyalty. It’s disgusting they advertise new loans 0.5% lower than loyal customers. Also the discharge fees are excessive!
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What a fantastic experience
Great Service
Home loan refinance
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