Our Mortgage Brokers on the Central Coast offer independent, trustworthy advice with the goal of saving you money. Not only do you get a mortgage broker, you get a trusted finance partner. One that will give you professional, expert and INDEPENDENT mortgage advice that could save you years off your home loan and potentially $1000s in repayments. New loan products are coming on to the market all the time. The market is currently very competitive with interest rate levels and now is the perfect time to reassess your home loan and financial positions in general. The loan that you have now may not necessarily be the best option for you. Talk to us today to see how much we can save you!
Considerations when thinking of Mortgage Refinancing
When you SHOULD refinance:
- When interest rates are lower than when you took out your current loan
- If your current lender isn’t competitive with other available options
- To free up cash for holidays, renovations or the kids school fees
- Reduce your total monthly loan repayments by consolidating other personal loans, store and credit card debts
- Switching to a fixed rate at the right time
- When you want to invest and use the equity in your property
When it doesn’t make sense to refinance:
- If you are planning on selling the property soon
- Your break costs (costs of getting out of your existing loan) are high
- If your loan balance is low and you are not considering re-drawing on the equity
Choosing the RIGHT mortgage is just as important as choosing the RIGHT home so make you choose the RIGHT mortgage broker to secure your family’s financial future.