Refinancing
Investment Property and Home Refinance
Refinancing is the process of replacing your existing property mortgage with a new one. This can be for your primary owner-occupied home loan or for an investment property loan.
The decision to refinance a home loan can be made for many reasons;
- Better loan interest rates offering you a better financial position.
- Roll-over of a fixed interest or interest-free period.
- Ability to receive a new customer benefit through another lender.
- A change in your personal circumstances.
- Extracting equity from your mortgage for other uses.
- A desire to consolidate debts under comparatively low home loan rates.
Options for refinancing your mortgage, especially if you have been in your current home loan for a while, are always worthwhile of consideration. The potential savings on interest rates or added product benefits can give a good boost to your financial position.
As mortgage brokers, we can review a wide range of loan products and lenders to see what will work better for you.
Debt Consolidation
Over time, many of us build up debt separate from our property mortgages. This can be in the form of personal loans, credit cards, car loans or even tax debts.
Often these debts incur quite high interest rates as well as their own sets of fees and charges. Overall, this means that you can be handing over more money for repayments than you really need to.
By consolidating debt within your home loan you get the benefits of the relatively low interest rates that property mortgages receive. Additionally, you will pay only a single set of fees and charges which can be a further savings. Everything becomes more simple to manage under a single product and repayment schedule.
Whether to explore recent and more competitive loan refinance rates, different product options, or consolidate debt, we can help.