Refinancing | Mortgage Broker in Deebing Heights, Ripley, and Ripley South
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What to do when your home loan is no longer competitive
Throughout the lifespan of your mortgage, you may notice that the newer loan options available are becoming a little more valuable than your current option. This is a natural part of home ownership, as the best loan options are typically offered as deals towards new homeowners as an enticing offer. But is there anything you can do to improve your current loan?
Refinancing is a process where you are able to replace your current loan with another available loan on the market. Refinancing is the ability to maintain competitive interest rates and loan features suitable to your circumstances throughout the lifetime of your mortgage.
While refinancing, you’re also able to conduct a range of actions that were previously unavailable to you, including:
- Consolidating debt
- Accessing equity
- Swapping lenders
Refinancing is famously a double-edged sword and requires an intricate understanding of your current financial situation and your available options within the property market to achieve the most value possible.
As such, it is always strongly recommended to make your refinancing enquiries with a mortgage specialist before engaging with the process. Brokers are expertly equipped to assess your situation as a whole to present you with a range of available options suitable for your goals and needs.
For Ripley’s finest broker, be sure to reach out to Jeff Wright today on 0416 425 928.
Why it’s important to use a broker when refinancing
In scope, refinancing is a goliath of a process that can put you in an unbelievably more beneficial position when navigated correctly. However, it can also leave you lacking all the available value refinancing has to offer if conducted without the relevant knowledge or guidance.
Brokers are here to bridge the knowledge gap when refinancing, ensuring that you are made aware of all your options relevant to your circumstances and goals.
Having access to equity is a powerful opportunity for refinancing grants, as equity can be used as a down payment on future purchases, like another property. As such, refinancing can be the gateway to securing your first investment property when navigating correctly.
Similarly, brokers are also able to secure loan options that the general public is simply unaware of or doesn’t have access to, providing even greater value when refinancing than initially thought possible.
For all your refinancing needs, reach out to Jeff Wright, Mortgage Choice broker for Deebing Heights - 0416 425 928.
As an experienced mortgage broker across Ipswich, Jeff is available to help with a large variety of topics, including:
