Echoice : refinancing.com.au – launch release

PRESS RELEASE: SEPTEMBER 5, 2016 DEDICATED ONLINE SERVICE SET TO BE A GAME CHANGER FOR REFINANCING

As record numbers of Australians continue to look at mortgage refinancing to take advantage of the historically low interest rate environment, a new dedicated digital-based solution is set to simplify the process and be the game changer for borrowers wanting to save money, by combining the best of Australian state-of-the-art technology with the extensive specialist experience of industry professionals.

CEO of the new end-to-end service, www.refinancing.com.au, Peter Andronicos, says this bespoke solution meets the demand for time-poor consumers wanting to refinance their home loan to a better deal, by providing easy access to the competitive lending landscape on rates, service and loan features.

He says: "Although there has been a three percent drop in the cash rate since 2011, consumers have had inconsistent rate reductions during that same time and the lines have become blurred in relation to what is a competitive rate - and what isn't. The refinancing.com.au website now simplifies everything, producing a tailored report in just minutes."

"All content is delivered to borrowers through a web-based platform showing exactly where they're sitting with their current loan, against other loans relevant to their circumstances - prompting them to switch and save if they wish to, through the added assistance of qualified loan consultants," he explains.

He adds: "Importantly it's a no-obligation service, but is critical in empowering the borrowing public with the key information they need to make a well-considered decision about their future financial arrangements."

Andronicos says lender loyalty is a diminishing commodity in the Australian mortgage marketplace as a growing number of savvy consumers decide to exercise their right to choose.

"We know from experience that when they start the process of refinancing, they want real people, real service and real savings. So the perfect marriage of customised technology and industry experience delivers exactly that," he adds.

According to Andronicos, every borrower should ask themselves the following five key questions to decide if refinancing is an appropriate option for them:

1. Do you know if your current interest rate is still competitive within the lending environment?

2. Will your current loan structure adapt to your plans for the next 5-10 years?

3. Are you still satisfied with the level of service you're getting from your lender?

4. Have your personal or professional needs and circumstances recently changed?

5. Are you comfortable with the fees your current lender charges on your mortgage?

If the responses present some clear and compelling reasons to consider refinancing, the borrower needs to look at their options.

The first-to-market refinancing solution has been developed by leading financial services innovator eChoice, and is supported by the company's extensive experience and proven reputation in providing digital and call centre support for its partner programs.

Andronicos says refinancing activity will continue to be a driving force in the mortgage marketplace, as Australians look for ways to create efficiencies and streamline their financial arrangements within the dynamic lending landscape and of course save money.

"Refinancing.com.au is a natural step for Australians to take in today's dynamic rate environment - and with this breakthrough technology completing the search process for you, more borrowers are set to benefit sooner," he says.

ABOUT www.refinancing.com.au

The www.refinancing.com.au service solution has been developed by leading, Australian-owned financial services innovator, eChoice.

Rather than just being a lender or comparison website, the www.refinancing.com.au platform is a refinancing marketplace with access to more than 25 lenders. It combines a customised fintech solution with the support of dedicated and qualified mortgage brokers who are able to fulfil all consumer enquiries.

Borrowers are able to generate their own refinancing quote, which includes the lowest interest rate they could qualify for, borrowing power and their potential savings if they are to switch home loan products.

Users of the service can choose to be contacted by an experienced member of eChoice's team who specialise in refinancing offers and are able to answer questions and elaborate on each home loan product. The customer can then choose to speak to a face-to-face broker, or continue the process via phone and email.

ABOUT ECHOICE

eChoice was initially established in 1998 as a financial services comparison website and is now one of Australia's most recognised financial service brands in the digital space.

The company continues to innovate and expand its operations, utilising its industry leading technology and specialist team expertise to provide a growing number of Australian borrowers with access to a broad range of mortgage and financial product options through dedicated online portals and call centre programs.

For more information go to www.echoice.com.au

ENDS For media enquiries please contact: Karen Bristow, www.refinancing.com.au PR Manager E: [e-mail] P: [phone]/0414 320 146