Refinancing your current home loan is a good idea if you want to lower your monthly repayments, access existing equity in your home loan or to consolidate debt.
When you refinance, be prepared for costs that may be associated with the move, these will come at either the start or exit of your home loan.
The most important thing to look at is if refinancing will place you in a better position than you would be if you stuck with your current loan. I can go through the sums with you to show you the costs involved in changing home loans, as well as your projected costs over a set time frame for both your current and proposed home loans.
I am fairly new to the property market, however since acquiring my first investment property 5 years ago, I realised I really needed to refinance my loan. Denise was suggested to me by someone within the real estate industry, as a preferred mortgage broker and upon first discussion with Denise, I could see why. As my experience in refinancing was limited to say the least, Denise kindly explained to me the different types of loans I could apply for, what situations those loans were suited for and she was also quick to explain any terms I didn't understand. Anytime I had a question, I only had to phone or email and I would get a response. I now have a loan which meets my needs as an individual and repayments that I can make comfortably. Denise and Michelle, gave me a lot of support and were always kind and polite, this made a lasting impression on me and I wouldn't hesitate to recommend their services to any of my friends or colleagues in need of assistance. Victoria Scott, Coburg, VIC - 29th May 2013
Talk to me today if your financial situation changes or, you just want a better deal on your current home loan.