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
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.