7 Reasons To Refinance
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
When you first got your home loan, it’s likely you spent time comparing your options to ensure you chose the right mortgage with a
competitive interest rate to suit your needs at that time. However, the mortgage market is highly competitive and always changing. The
mortgage you chose originally might have been the ideal option for your financial situation then, but is it still meeting your needs
today?
Everyone’s financial situations and goals change over time. You might find that your current mortgage no longer offers you the flexibility
you want, or it might not provide the features you want to take advantage of. Perhaps your mortgage interest rate is no longer as
competitive as it once was.
When things change, it can make good financial sense to consider refinancing your home loan over to a better option.
Here are some of the more common reasons why people choose to refinance their mortgages.
With our in-house mortgage broking division we bridge the gap between the countless phone calls and
emails between lender and accountant making your refinancing and borrowing much less stressful.
Is refinancing the right move for you?
While there are heaps of benefits to refinancing your loan, you need to remember there are costs involved with completing the loan
application, switching fees and some government fees to change. In general, these can range from $400-600 for a single property refinance.
The good news is that there are many banks who offer refinance rebates at the moment, and in some cases, we have been able to arrange up to $2,000 refunded to our refinance clients on the settlement to cover the costs of switching (and leave them with some money left over)!
Our in-house mortgage broking service makes your mortgage and lending needs so much easier, minimising the discord between accountant,
lender and product advice.
We'd love to help you find the best loan for your needs.
LIVE EVENT
3rd May 2024
Welcome to Mornington Peninsula's original pop-up pre-loved market with a difference. Fashion For A Cause is a not-for-profit
fundraiser event. Grab a fashion bargain or unique piece, wine with friends, bid on silent auction items, all to raise funds for Clothes
4U.Inc. All proceeds from the event including stall sales, ticket sales and clothing purchases on the night will be
double-dollar-matched and donated to Clothes 4U Inc.
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