In an article in The Australian Broker Online it stated that Aussie’s John Symond is concerned about fresh data showing a third of Australians don’t know their own interest rate. The results of the Aussie – backed survey also suggests a third of investors were just as clueless over interest rates on mortgages. They survey found 32.8% of home owners and 29.5% of investors surveyed were unable to guess the percentage. “This statistic is really worrying….people need to be constantly questioning their rate. It could be just by speaking to their broker about a simple mortgage health check to see how much they could save”, Symond said. Of those who did know their rates, almost a quarter were paying “too much” according to the survey, with 23.5% of homeowners and 23.2 % of property investors paying more than 7.0%. “When you consider the savings between 7% and 6% on a home loan of $300k is around $197 per month, and take that over the life of your loan, that is about six years and eight months cut from the loan term and several thousand dollars saved in repayments,”Symond said. “I urge all borrowers to be more attentive to their home loan rate,” he said.                                                       If you would like to have a free mortgage health check, don’t hesitate to contact John Whitten on 0749722081 or 0410433919. You can also email him at jwhitten@ihl.net.au or look him up on the net www.ihl.net.au. John Whitten is a credit representative (CRN 399796) of BLASSA Pty Ltd (Australian Credit Licence No 391237).