Considering Refinancing ? Time to Refinance !

Considering Refinancing your home loan?

What is refinancing?

When you swap your old loan for a new one – either with your existing lender or a different lender altogether – it’s referred to as refinancing. Even small changes to your loan – getting a lower rate, making additional repayments or finding a more efficient structure – can make a huge difference to the amount you pay over the long term.

Refinancing your loan can put you ahead financially, help you achieve your goals sooner and help you adapt financially as your circumstances change. There are thousands of home loan options available, and it’s never been easier to switch from one loan to another, particularly when you use a mortgage broker.

How to know if it’s time to refinance?  Start with a home loan review with Alex McAllum, your local Mortgage Choice. During this conversation, you’ll discuss what is and isn’t working with your loan and check if your rate is still competitive. Alex will also ask whether anything has changed with your financial situation and personal circumstances and talk about what you hope to achieve from a different home loan. Alex will then compare your home loan with hundreds of others to find the options that best suit your circumstances.

Alex can also negotiate with your current lender on your behalf to see if they would be willing to offer you a better deal. You may decide that you’re happy with your current loan, and that’s perfectly fine. It still makes sense to regularly review your home loan with your broker so you can confidently make decisions about your finances based on the latest market information.

Alex McAllum, Your Local Mortgage Choice broker can help you understand the different types of loans available, and the loan features you could access. For example, you may be able to secure a better interest rate if you have built up equity in your property since taking out the loan.

 

Click here for your Free Guide to getting your home loan right for you. 

To get the RIGHT lending advice for your situation, please contact Alex McAllum on 0435 725 410 or email Alex HERE:  Book a Meeting with Alex here

Refinancing in seven easy steps

1. We review your existing home loan and talk to you about what’s working/not working.
2. We ask what you want to achieve with a different loan or lender, and then compare hundreds of home loan products from our panel of more than 35 lenders.
3. We compare the costs and benefits of the potential options to help you decide if refinancing is right for you.
4. We provide expert advice to help you choose the most suitable loan.
5. We do as much of the paperwork as we can for you and submit your loan application to the lender on your behalf.
6. We negotiate and manage any issues with the lender to make the process as hassle-free as possible.
7. Even after your loan settles, we’ll work with you to ensure your loan continues to meet your needs regardless of how your life changes. 

To get the RIGHT lending advice for your situation, please contact Alex McAllum on 

0435 725 410 or email Alex HERE: 

TIP: Working out if refinancing is worth it
Calculating refinance costs versus the financial benefits isn’t always straightforward. It may involve extensive conversations with lenders; something that can be time consuming and difficult for you to do yourself.
That’s where Alex McAllum can help, as he has a deep understanding of the market and strong
knowledge of different lenders and their policies, so they can more easily find and negotiate with the right people.

You need a Mortgage Broker like Alex, to answer all of these questions and support you through the process of refinancing your home loan. 

To get the RIGHT lending advice for your situation, please contact Alex McAllum on 0435 725 410 or email Alex HERE:  Book a Meeting with Alex here

 

 

Alex can also assist you with:

• Mortgage Broker in Mount Barker
• Mortgage Broker in Strathalbyn
• Mortgage Broker in Littlehampton
• First home buyers
• DHOAS loans
• Construction Loans
• Home Renovation Loans