Refinancing is the process of switching home loans by applying for a new loan to payout your existing loan. There is a variety of reasons such as saving money, consolidating debts and increasing the loan amount.
We provide a complimentary refinance service that takes a lot of the pain out of the process.
Our service involves a comprehensive review of your existing lending in conjunction with your current individual requirements.
We use our “back door” access to lenders to negotiate the best deal on your behalf and tailor your new loan to your individual requirements.
The 6 primary reasons people refinance:
Refinancing allows us to assess your current interest rate in search for a better option – either with your existing lender or with a different lender.
If you have available equity in your property/s you may be able to “cash out” the equity for the purpose of home improvements, purchase a car or any other reasonable purpose.
Most lenders will allow you consolidate multiple debts including credit cards and other unsecured debt into your home loan. This allows access to lower, secured home loan interest rates.
We can work with lenders to facilitate necessary changes in your current loan structure such as changing repayment types, changing loan product/purpose and variable/fixed rate changes.
Loan product and features are always evolving in the rapidly advancing finance world. Refinancing can allow access to the latest features you may not be getting with your current loan.
Sometimes life throws a few curveballs. Refinancing may allow you to reduce your monthly repayment commitment to give you some breathing room if times are tough.
Did you know..?
If you refinance your loan to a lower interest rate, but keep your current repayments at the same level you will drastically reduce how long it takes you to pay off your loan.
Are you paying too much?
Get in touch with us today for a free home loan health check.
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