RATETRAKER
TRACK YOUR RATE

Are You Overpaying on Your Home Loan Without Realising?

Most lenders reward new customers with tight rates — while loyal clients like you are left paying more.

This common practice is known as the loyalty tax — and if you haven’t reviewed your mortgage in the last few years, there’s a good chance you’re paying too much in interest.

That is why My Finance Network has joined forces with RateTraker by Sherlok.

RateTraker is an intelligent loan monitoring tool that helps you:

✅ Track your mortgage rates in real time
✅ Compare your rate’s competitiveness
✅ Automatically request reviews and repricing with your current lender

No more waiting for your lender to act in your best interest.
RateTraker puts you back in control — so you never overpay again.

Start saving today with Sherlok’s RateTraker – the smarter way to manage your loan.

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.

To begin simply click the RateTraker Invite link or fill in the form below.

You'll receive an email with a unique link to a secure open banking portal where you can connect all the loan accounts you’d like to monitor.

The Process

1. Instant Loan Score

RateTraker will instantly analyse your loan(s) and compare them with your current lender’s rates and latest offers. Each loan receives a score out of 10.

2. Low Score? Time to Reprice

If a loan gets a low score, it means it’s no longer competitive. You'll be prompted to send an automated reprice request to your lender—no phone calls, no paperwork. Just click and relax while your lender reviews your request (typically within 3–5 days).

3. High Score? You're Good

A high score means you’re already on a competitive rate—no action needed.

Ongoing Monitoring

Sherlok’s RateTraker continuously monitors your loans in real-time. If your rates become uncompetitive, you’ll be notified immediately.

Best of all? It’s 100% FREE.

You don’t need to be a My Finance Network client, and there’s absolutely 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 Gordon or Louise 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.

RATETRAKER TRACK YOUR RATE