Loyalty Tax has become quite the buzzword lately, especially when interest rates are on the rise. Let me break down Loyalty Tax for you.

Picture this: You’re with your current bank, faithfully making your mortgage payments. But did you know you could be paying a higher interest rate just because you haven’t explored other options? That’s Loyalty Tax in action – higher interest, higher repayments.

Believe it or not, some of our clients have shelled out up to $20,000 a year in Loyalty Tax. On average, it’s around $7,000 annually. Now, think about what you could do with that money – a dream holiday, a fancy watch (or a collection of them), or even a pair of those fashionable Crocs (have you seen their prices lately?).

As mortgage brokers, our superpower is finding you the best interest rates out there. Here’s our game plan: