Refinancing | Mortgage Broker in Doncaster, Templestowe, and Eltham
Start your home loan journey today
What is refinancing?
Refinancing your home loan is a common practice that aims to save borrowers money in the long term. This is done as when refinancing a home loan, individuals are to compare their interest rate to others on the market.
This isn’t, however, as simple as it sounds. Refinancing your home loan at the wrong time, or potentially for a reason that may not align with your long-term goals, can be damaging to your financing in the grand scheme of things.
If you’re ready to start considering refinancing your home and would like some assistance in determining if it’s the right move for you, reach out to broker for Doncaster, Box Hill, and Heidelberg, Anshul Aggarwal, today.
When is the right time to refinance your loan?
Refinancing your home loan is something that should be done with some considerate planning. To avoid potentially raising your interest rates, you will need to keep an eye out for what current loan rates are going for, and if they’re suitable for you.
Other than simply saving money, refinancing is a great tool that can allow you to:
- Access your equity for other loans
- Consolidate your debts into one repayment plan
- Swap lenders for a more suitable option
A great way to tell if your loan is suitable for refinancing is to conduct a loan health check. If you’re interested in checking in on your loan's health, have a chat with Anshul, your local broker for Doncaster. Anshul will be able to let you know if now is the right time to take the leap and refinance your loan.
Refinancing Guide
Check out our refinancing guide if you’re interested to learn more about the process. In only a few short minutes, you can prepare yourself to potentially save in the long run.
If you’re interested in learning more about refinancing and how it can assist you, reach out to Anshul today on 0411 854 541
Anshul can also assist with:
