Is there a better deal out there for you?
If your loan hasn’t been reviewed in some time, it could well be that you may be paying your current lender too much.
Given that the interest on your mortgage is probably one of your single biggest expenses, it’s worth making sure that your loan is well structured and that you’re using every option to minimise how much you pay the bank.
A strategically structured loan might help you to pay off your mortgage faster and for less. A refinance could help you clear unhealthy debt or upgrade and add value to your home, all of which are steps in the right direction.
But where to start? We can help you weigh it all up.
With thousands of refinancing options available, it pays to have an expert find the right loan to suit you and your needs.
When done properly, refinancing can save money and work well. The reasons for refinancing should be legitimate and the long-term benefits should outweigh the costs. We will work with you to understand your long-term goals and will provide you with a number of options to help you meet those goals.
In the process we’ll ensure that your loan is structured to your best interests, not the best interests of your lender.
Can I get a mortgage where I pay less than I’m paying now?
With a new, well-structured home loan, a refinance could well see you saving interest with lower repayments. You may even pay off your home sooner too. We’ll assess your personal circumstances and show you what’s possible.
Can I consolidate credit card or other debts into a home loan?
Providing you have sufficient equity in your property, you may be able to consolidate all your debt on a home loan. If you take this option though it is important to make sure you maintain your repayments of the debt that you consolidate at their current level, or you could easily end up paying more over a longer period of time. Speak with us today to discuss your personal needs.
How much money can I borrow?
We’re all unique when it comes to our finances and borrowing needs. Get an estimate on how much you may be able to borrow (subject to satisfying legal and lender requirements) with our clever loan options tool. When you’re ready, come and chat to us — we can help with calculations based on your circumstances.
How often do I make home loan repayments — weekly, fortnightly or monthly?
Most lenders offer flexible repayment options to suit your pay cycle. Depending on your loan structure, aiming for weekly or fortnightly repayments – instead of monthly – will allow you to make more payments in a year, which will shave dollars and time off your loan.
What fees/costs are involved in switching mortgages?
Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply in your circumstances and make sure that benefits outweigh the costs and that you come out ahead.