Is Loyalty to Your Bank Costing You?
It’s a fair question — and one most homeowners never really stop to ask.
You’ve stayed with the same bank for years. You make your repayments on time. You don’t complain. Everything works… or at least it feels like it does.
But here’s the uncomfortable reality: when it comes to home loans, loyalty often comes at a price.
Have You Ever Been Rewarded for Staying?
Think about it honestly.
Has your bank ever called you to say, “You’ve been a great customer — let’s move you onto a better rate”?
For most people, the answer is no. Banks are very good at attracting new customers with sharp offers, but far less proactive when it comes to rewarding existing ones.
If you haven’t reviewed your loan in years, there’s a strong chance you’re quietly paying more than you need to.
Are You Staying Because It’s Easy — or Because It’s Right?
Staying with your current bank feels comfortable.
There’s no paperwork, no change, no effort required. The repayments come out, life moves on, and the loan fades into the background.
But “easy” doesn’t always mean “smart”.
Many homeowners stay put not because their loan is competitive — but because reviewing it feels like something they’ll get to later.
Do You Know What New Customers Are Getting?
This is where loyalty often becomes expensive.
Banks regularly offer better rates and incentives to new customers, while long-term customers stay on older products.
That means someone who took out a loan last month could be paying less interest than someone who’s been loyal for ten years.
It doesn’t feel fair — but it happens every day.
What Is That Extra Interest Really Costing You?
A small difference in interest rate might not feel like much month to month.
But over time, even a fraction of a percent can add up to thousands — sometimes tens of thousands — of dollars.
That’s the real cost of loyalty: not one big hit, but a slow, ongoing drain on your finances.
Has Your Life Changed While Your Loan Stayed the Same?
Think back to when you first took out your mortgage.
Your income, expenses, and priorities were probably very different. Many people earn more now, manage money differently, or have new goals.
Yet they’re still using the same loan structure they chose years ago — simply because they never revisited it.
Loyalty often means staying in a loan that no longer fits who you are today.
Is Your Loan Helping You — or Holding You Back?
An outdated loan doesn’t just cost interest.
Higher rates or inefficient structures can reduce borrowing capacity, limit flexibility, and make it harder to take the next step — whether that’s upgrading, renovating, or investing.
At that point, loyalty starts costing you opportunities.
So — Is Loyalty to Your Bank Costing You?
If you haven’t reviewed your home loan in the last 12–24 months, there’s a very real chance the answer is yes.
And here’s the important part: reviewing your loan doesn’t mean you have to change banks.
It simply means getting clarity.
Take Action: Get a Clear Answer
Chase Douglas has extensive experience in mortgage lending and helps homeowners cut through assumptions and loyalty habits to see what their loan is really costing them.
Chase will review your current loan, explain where you stand in plain English, and show you whether refinancing could actually improve your situation — with real numbers, not guesswork.
No pressure. No obligation. Just clarity.
👉 Book a refinance review with Chase Douglas now and find out whether your loyalty is being rewarded — or quietly costing you.
If you don’t ask the question, your bank certainly won’t.
