I want to:
When was the last time you reviewed your home loan?
Many home owners are currently looking at refinancing for a wide range of reasons. Ultimately it is due to seeking more value. It is important to consult with your broker every few years to ensure your current home loan is still meeting your requirements, with both features and a competitive interest rate.
What can be a simple and easy process for you can result in thousands of dollars of savings.
If you have had the same home loan for a few years then there is a good chance that your needs could have changed or a better product could now be available.
Reasons to Refinance:
Reduction of Interest Rate
With a panel of over 20 lenders it is quick and easy for one of our finance specialists to identify whether or not you are getting the interest rate you deserve.
Currently there are record low interest rates available. It is not a time to be complacent!
An example of savings is below:
|$500,000 with a 5% interest rate||$500,000 with a 4% interest rate|
|Repayments are $2,684 per month||Repayments are $2,387 per month|
|Savings of $297 per month|
* This is a guide only and is based on principal and interest of the full 30 year term.
Consolidation of Debts
Why pay 20% interest on your credit card or car loan when you can pay as low as 4%?
Consolidating your debts may allow you to save money on interest by rolling your high interest debts such as credit cards, personal loans and car loans into one easy payment while taking advantage of the typically lower interest rate attached to your mortgage.
This can be an effective way to free up your monthly cash flow.
Alternatively the cash flow that has become available due to consolidating multiple debts can be put towards reducing your mortgage.
Therefore consolidating can not only assist in handling your repayments but also help reduce your debt and take a step towards financial freedom.
Restructuring your Home Loan
Does your mortgage need an update?
There are constantly new lenders and products coming onto the market. It is our role to stay up to date with lending products to ensure we provide you with the best solution.
It is not always about the lowest interest rate, that is why it is important to review your mortgage regularly to ensure you are paying your mortgage off in the most cost effective manner.
Borrowing Additional Funds
Do you need to:
- Renovate your property?
- Purchase a new car?
- Take a family holiday?
Have you looked into using finance outside your mortgage and been shocked by the interest rate? Why not take advantage of your low mortgage rates to help make the purchase.
Are you thinking of buying your first home but don’t know where to start?
- How much do I need for a deposit?
- What’s lenders mortgage insurance?
- How much can I borrow?
Discussing your first mortgage with a finance consultant is a great way to get an understanding of what is required to purchase your first home. Having multiple lenders on the market it can be a daunting task trying to find the right lender to suit you. By sitting down with one of our finance consultants you will be able to get a better understanding of what costs are involved and how much you can borrow.
If you are not ready to buy now our consultants can give you an understanding of how much you need to save.
Talk to a specialist today to see what you can comfortably afford.
Please review our frequently asked questions for further information.
Investing in property can be a great way to create wealth for your future. Due to property being a long term investment it is important to insure your loan is structured appropriately to assist in reaching your goals and objectives. Due to a gaining interest with many of our clients we have partnerships in place which allows our clients to receive guidance throughout the investment process, from where to start to what property to look at.
Where do you start?
Investing can be a daunting task. Everyone invests for different reasons. That is why it is important to discuss with a specialist why you are investing to look at the most effective strategy to reach your goals.
Do you think you might be in a position to look at purchasing an investment property?
Why not discuss with a specialist today to find out how affordable it may be for you to invest in property and how it will benefit yourself and your family.