Track your Mortgage Rates

Track your mortgage rates in real time to ensure they stay competitive!

Is your lender really looking after you? Are they giving you their BEST possible rate??

When it comes to borrowing money, it doesn’t pay to be too trusting…

That’s because most lenders offer better deals to new customers, instead of looking after you, their long-term ‘loyal’ customer – this means you often end up paying more interest than you should!

In fact, if you haven’t reviewed your home or investment loans in the past few years, you’re almost always going to be paying a higher ‘legacy’ rate with your lender.

It’s commonly referred to as paying a loyalty tax and it sucks!! But there is a solution…

Introducing RateTraker by Sherlok!

Sherlok’s RateTraker is a ground-breaking loan tool that monitors rate movements, tracks your rate competitiveness and requests rate reviews and repricing with your existing lender!

What's involved?

1.

Request your RateTraker invite

2.

Securely link your loan accounts

3.

Track your rates in

real-time!

How Does Sherlok RateTraker Work?

1. Secure Loan Connection: Easily connect your home loan to RateTraker using secure open banking technology.

2. Automatic Rate Monitoring: RateTraker continuously tracks your interest rates and notifies your broker at My Finance Network when your rates become uncompetitive.

3. Proactive Alerts: MyFN get’s notified if your rate becomes uncompetitive so that they can request a discount on your rate from your current lender.

It’s that simple.

You’re always in control, but Sherlok’s RateTraker ensures you never miss a rate change that could save you money.

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To get started simply click the RateTraker Invite link or fill in the section below.

Next, we’ll send you an email with a unique link to a secure open banking portal where you can connect all the loan accounts you want to monitor.

Now the magic... RateTraker will instantly compare all of your loans with your lender’s best rates and new offers - giving each loan a score out of 10!

A low loan score means your loan is no longer competitive and you will be prompted to send an automated reprice request to your existing lender asking them to lower your rates. No lengthy phone calls, emails and no hassles - just sit back and wait for your lender to come back [usually within 3-5 days] with an offer of their best possible rate!

What if I get a high loan score? Great! That means you're currently on a competitive rate with your lender and no change is required for now.

Once in place, Sherlok's RateTraker will continue to monitor all of your loans in real-time for any changes, letting you know if your rates ever become uncompetitive!

NOTE: Sherlok's RateTraker is completely FREE to use and is available to anyone that requests an invite. You do not need to be a My Finance Network client and there is no obligation to use our services.

Track, Compare, Reprice Your Loans.

Get Your RateTraker Invite

Finding a new Lender

It’s not me, it’s you! Breaking up with your lender is easy…

If your lender is not able to give you a lower rate, then it might be time to break up with them!

Simply request a FREE Consultation or call 0402472272 with the details of your current home, investment and other loans.

We’ll assess your situation and tell you whether you could save a significant amount of money switching lenders.

You’ve got nothing to lose and everything to gain!

Even a small reduction in your interest rate can make a huge difference – in fact, paying just 0.50% less on a $500,000 home loan will save you over $50,000 in interest over the life of the loan.

What is this tool, and how does it work?

RateTraker is a smart tool that keeps tabs on your loan. It's designed to monitor your home loan interest rate in real-time. It tracks how your rate compares to the market and provides you with a simple rating from 1 to 10. When RateTraker identifies that your interest rate is too high, it notifies your broker at My Finance Network and we can then review your loan situation. We’ll either negotiate a more competitive rate with your current lender or help you switch to a new one with a more suitable rate.
What is Open Banking?

Open Banking is a financial framework that allows clients to share their financial data with authorised third-party providers through APIs (Application Programming Interfaces). By understanding their financial needs and habits, Brokers can provide clients tailored financial advice, better loan options, and more personalized services while ensuring the safety of clients’ personal data.
Is RateTraker and Open Banking Safe?

Open banking is a regulatory framework implemented by the Australian government to ensure that when clients share their financial data, it remains secure and protected. To participate, organisations like Sherlok must comply with rigorous security standards, including maintaining ISO27001 certification, which is recognised globally for best practices in data and cyber security. When your clients give consent, their bank or lender will securely share their loan information within this framework, and they can withdraw consent at any time, giving them full control over their data.
Is my personal information secure?

Yes, your information is completely secure. We’ve partnered with Sherlok, an accredited provider that complies with Open Banking regulations. Your data is protected with advanced encryption, and you maintain full control over how it’s used.
How long does it take to set up?

Setting up your access is quick and easy. Once you receive the SMS and email link, it only takes a few minutes to complete the process and activate the tool.
Is there a cost to use this service?

No, this service is completely free for My Finance Network customers. It’s our way of ensuring you always have the most suitable rate available.
How do I know if my interest rate is competitive?

The tool provides a home loan rating from 1 to 10, showing how your rate compares to other customers’. A higher score means your rate is competitive, while a lower score indicates room for improvement.
How often will the tool check my rate?

The tool operates in real-time, continuously monitoring your rate and market trends. If there’s an opportunity to save, you’ll be notified promptly.
Will I have to contact my lender myself?

No, that’s the best part! Our team will manage the communication and negotiation with your lender on your behalf. If we find a more suitable rate, we’ll handle the discussions to secure it for you.
How long does my consent to RateTraker last?

By consenting to RateTraker, you’re empowering My Finance Network over the next 12 months to keep an eye on your rate and making sure it remains competitive.