Get Ahead By Looking Ahead
Securing the best loan does not necessarily mean finding the cheapest mortgage with the lowest interest rates.
There are many other aspects of home loans that affect your monthly payment, including low fees and flexibility.
A good look at your current financial situation will help you to see whether or not you are under the best agreement possible to maximise your income and savings.
Having a chat with your local mortgage broker will help to shed light on whether or not you should pursue a significant change in your lending situation.
Refinancing may be the option if you foresee significant savings, despite the initial work involved with transferring paperwork and carrying out necessary borrowing tasks.
A refinance strategy can also be useful for those looking to borrow money, renovate or invest, as it could free up some funds from established equity.
It could also be used in a strategy to consolidate debt, secure a competitive interest rate or move from a fixed home loan rate to a variable home rate - or vice versa.
Refinancing is never an easy decision - talk to a mortgage broker today to help you choose the right path.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.