Credit rating bureau Experian has warned Australians that new credit card reporting requirements will allow lenders to view a greater volume of information relating to a borrower’s financial history.

In short, if you’re going for a loan, a potential lender can check out your background in more depth than ever before. And most Australians don’t even know these changes are on the horizon.

Most people realise that reviewing their home loan could result in savings. But exactly how much money could be saved by simply checking in to see what other loans are available on the market?

We spoke with Peter Taliangis, a Fremantle real estate agent who just recently partnered with Capita mortgage broker, Lukas Best.

We noticed a few news articles lately, which mention the impossibility of knowing whether the mortgage you have chosen is a ‘good deal’.

This is on the back of a new review requested by the Productivity Commission, requesting the Australian Government to check out competition within the banking sector.