Are you paying too much for your home loan? Do you need to consolidate debt or raise funds through the equity acquired in your property? Does your current loan no longer suit your budget or circumstances?
If the answer is yes, or you are curious to see what opportunities are available, then please contact me so I can help you through this process. The current home loan market is very competitive and lenders are now making it much easier to refinance. If you have been with the same lender for several years, chances are you may be paying much more than you need to for your home loan.
Cost of Refinancing
There is no point refinancing if it doesn’t put you in a stronger financial position. If you haven’t done your research before refinancing it can be a time consuming and pricey, especially if you haven’t discussed your options with a qualified expert.
There are a number of considerations you should factor into your decision making process including:
- Interest rates
- Discharge or exit costs
- Is their a deferred establishment fee
- Does the substitute lender offer similar loan features to the ones you value most with your current lender
- Will you be able to make extra payments and have a redraw facility
- What are the Lender’s Mortgage Insurance cost's
- Will you incur refinance Stamp Duty (varies state to state)
- Estimated period before you benefit from the refinance costs
I’m able to compare over 30 different lenders to find out if I can save you money. This will help you find a home loan which is most suitable to your needs and circumstances. I will clearly explain all the possible fees and charges to ascertain whether refinancing is a cost effective move for you.
I will also manage your application from start to finish, saving you time and stress. My service is no cost to you as I'm paid by the lender, so why not get in touch today if your financial situation has changed or you simply just want a better deal on your current home loan.