The $7,000 ‘set and forget’ mistake

Are you still on the same home loan you signed up for years ago?  You could be paying thousands more than you need to and not even know it. In this episode, our host Adam Schaal sits down with Ankit Kaushik, a broker at Locale Financial, to unpack one of the most common (and costly) mistakes Australian homeowners make: doing nothing with their mortgage.They break down exactly what refinancing is, why your loyalty to your lender could be quietly costing you up to $7,000 a year, and why so many people put it off despite the clear financial upside.We cover:The real benefits of refinancing, from lower repayments to accessing equityThe "loyalty tax" and how staying with your current lender can quietly drain your walletThe barriers that stop people from refinancing (and why most of them aren't as real as you think)How to take action today and start savingWhether you're a first-time homeowner or a seasoned investor, this episode could be the nudge that saves you thousands. Don't set and forget your mortgage, aim to set and optimise it. Locale Financial | Expert mortgage broking for everyday Australians. Don’t forget to like, comment, and subscribe for more! ABOUT ADAM SCHAAL Adam Schaal is the Founder and Director of Locale Property Group, a leading name in Australia’s property and construction industry. With decades of experience and billions in property transactions, he’s known for his integrity, leadership, and commitment to transparent, client-focused service. Adam is passionate about helping people achieve their property goals through honesty, expertise, and long-term relationships. See more from Adam: LinkedIn: https://www.linkedin.com/in/adam-schaal/Website: https://localefinancial.com.au/        https://localehomes.com.au/https://localewealth.com.au/ ABOUT ANKIT KAUSHIK Ankit’s path into broking is backed by a solid foundation in accounting and residential lending, along with a people-first approach shaped by his early career in customer service and sales. He’s a University of Wollongong commerce graduate (with distinction), holding a Cert IV in Finance Broking. Known for his approachable and detail-driven style, Ankit makes home finance feel clear and stress-free, especially for first-time buyers navigating the unknown. ABOUT OWN IT Your Property PartnerReal stories. Real lessons. Real talk. Buying your first home, upgrading, or investing? It’s a big move and you don’t have to go it alone.  Hosted by Adam Schaal, the founder of Locale Property Group, Own It is where we discuss property journeys, wins, mistakes, mindset shifts, and everything in between. No jargon. Just honest, empowering conversations that shed light on all things property.   To know more about Own It Your Property Partner, you can visit the links below:Presented by: Locale Property GroupYouTube: https://www.youtube.com/@LocalePropertyGroup