When was the last time you checked your Home Loan rate?
Your life never stands still, and neither should your mortgage. If change is afoot, it might be time to search for a more suitable home loan.
The lending market is more competitive than ever before. There are new loan options coming out regularly. It is worthwhile to once a year revise your home loan to ensure that your current loan is working in the way you want it to and that your loan is still competitive in terms of interest rates and fees.
Refinancing your loan may allow you to:
- Obtain a better interest rate
- Reduce your monthly repayments
- Borrow additional amounts to cater for lifestyle choices e.g. home improvements, a new car, holidays, investments or consolidating debt
By considering this option, you can save thousands of dollars by paying less interest overall or lower monthly payments.