Looking for a better rate on your home loan?
As time progresses, circumstances change. Have you switched jobs, welcomed a new family member, or are you simply seeking a better interest rate?
Changes in your situation may prompt a reevaluation of your home finances. Many find the prospect of mortgage refinancing intimidating, considering factors like fees and the choice between fixed and variable interest rates.
Exploring the possibility of refinancing could lead to paying off your mortgage more efficiently and cost-effectively, addressing debt, or enhancing the value of your home—a series of positive steps toward financial well-being.
Frequently Asked Questions
CAN I SECURE A MORTGAGE WITH LOWER PAYMENTS THAN I HAVE NOW?
Exploring loan options is a wise move at any time. To determine if you can pay less, factors such as your current interest rate, loan type (fixed, variable, interest-only, line of credit), and desired features will be considered. We're here to provide quick explanations of your available options.
IS IT POSSIBLE TO CONSOLIDATE CREDIT CARD OR OTHER DEBTS INTO A HOME LOAN?
Many choose to refinance for this reason, benefiting from the lower mortgage interest rates compared to other debts. If your property has sufficient equity, consolidating various debts into a home loan is an option. However, it's crucial to maintain current debt repayments to avoid paying more over an extended period. Connect with us today to discuss your specific needs.
HOW MUCH CAN I BORROW?
Each individual has unique financial circumstances and borrowing requirements. Utilize our innovative loan options tool to estimate your borrowing capacity (subject to meeting legal and lender criteria). When you're ready, we're here to assist with calculations tailored to your situation.
HOW DO I SELECT A LOAN THAT SUITS ME?
We help our clients understand the different loan types available and assist them in selecting the best mortgage for their needs. Our expert mortgage brokers work directly with clients to identify their financial situation and future goals, enabling us to provide the personalized advice and guidance they need to make informed decisions.
WHAT FEES/COSTS ARE INVOLVED IN SWITCHING MORTGAGES?
Depending on your loan, early repayment penalties may apply. However, these costs could be outweighed by savings from switching home loans. We'll guide you through any applicable fees based on your specific circumstances.