Loan Refinance

Why consider a loan refinance ?

A loan refinance can save you money and reduce your monthly
repayments.  You need to speak an experienced broker if you are
considering a loan refinance.

Renovations or extensions

If you are considering renovations or extensions, you will most likely
need to increase your home mortgage to cover the costs.  This is an ideal
time to talk to a broker about a home loan refinance to make sure you
have the best possible home mortgage to suit your needs. 

Existing lenders won't help

You may find you have approached your existing lender for an increase and they are
unwilling to assist or are simply making the home loan process too difficult.
Because we deal with over 25 different Mortgage Lenders, we are sure to find one that
is willing to help your home loan refinance.

To get a better deal

You may find that with a loan refinance,  you can get a better interest rate with another lender.  They may also offer to roll all your existing loans into one.  If you have personal loan or credit card debts as well as a home mortgage, a loan refinance may will save you money.  Quite often you can also reduce your monthly payments as well. 

Release the equity in you home

If you have built up equity in your home you may wish borrow for renovations, holidays or other investments.  This is a great time to check that you have the best possible home mortgage on offer today. 

When to consider a loan refinance

Many people look for a home loan refinance simply because they are simply not happy with their existing lender.  When was the last time your bank contacted you to let you know they could offer you a better deal?.

We keep up to date with all the latest offers from our panel of  Mortgage Lenders.  Many lenders now offer packaged loans offering a discount of between 0.5%pa and 0.7%pa off the standard variable rate.  They also include a bundle of other discounted products such as free transaction accounts and credit cards with no annual fees.  These packages can save you a great deal over the term of the loan.

Contact us  today to complete a free health check of your existing mortgage.

What does it cost for a loan refinance?

There are some costs associated with a loan refinance so it pays to do some research first.  This is where an experienced mortgage broker can help you.  You need to find out if there are any early repayment penalties if you pay out your existing loans.  These can be quite substantial and you should first get a payout figure in writing to confirm what the final loan balance is and what penalties may apply.

Next you need find out what costs will be incurred from the new lender.  These costs include application fees, property valuation fees and costs in preparing and registering documentation.

Once you know all the above costs, you can can compare them against the savings you will make by going ahead with the refinance.  Sometimes the costs tor a loan refinance outway the benefits, so always pays to do a comparison.  

Contact us  today to  find out how you could benefit from a home loan refinance.  There is no obligation and our services are free to use. 



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