Refinancing
REFINANCING is one of those words that you hear in the market…so what is it and when would you need to refinance?
Refinancing is...Switching home loans from one lender to another so you can SAVE MONEY and get a better deal to accommodate your financial needs.
You should look at Refinancing if...- You may not be satisfied with your current lender for a number of reasons - frustrated with the service they provide or not getting the best rate.
- Cost effectiveness, seeking alternative home loans that may save you time and money in the future.
- You have grown out of your existing home or you have plans to renovate.
- You're purchasing an investment property.
- Consolidating your debts; OR
- Require further funds for any worthwhile purpose.
Things to think about when Refinancing...
- What costs are associated with refinancing your existing loan?
- What are the costs of entering a new loan?
- Can the new loan be split, and are there any costs involved?
- Can the new lender provide you with any additional funds and more flexibility to suit your needs?
