Actively getting a better deal for bigger savings
Is your current mortgage helping you meet your financial goals? Now but be a good time to refinance.
A good mortgage offer today might not offer the same financial benefits years, or even only months later, especially if lending conditions change drastically. For borrowers who might feel like their current mortgage has already lost its competitive edge, refinancing is the way to go.
Think of refinancing as another opportunity for you to reassess your financial standing and get a home loan that best fits your needs. Here are some of the biggest benefits you can get when refinancing your mortgage:
“Actively reviewing your loans means you can continue to get the best savings in the market. This can shave off a few years to being mortgage free” – Yuan Chong, Operations Manager
CalculatorHow much can I borrow? What can I afford? What if I have less than 20% deposit?
Common Questions
Yes, but this doesn’t mean you have to switch lender. You can refinance to another home loan that allows equity release, and ensure you get a great deal in the current market!
If you are looking to borrow more money, the amount of equity in your home will play a big part in achieving that goal.
Our switching mortgage calculator can indicate what you may be able to save by refinancing. For accuracy, you should be aware of any ongoing fees and charges over the life of your loan – take a look at your loan’s comparison rate compared to your interest rate to get an idea of how much you pay. There can be application and legal fees associated with taking out a new loan.
Equity is the difference between the market value of your home and the balance of your loan. For example, if your home is valued at $600,000 and your loan balance is $300,000, then you have $300,000 in equity. This equity can be freed up by refinancing your home loan to do a number of things, including investing in more real estate, helping someone you love become a homeowner, or renovating your property. You can only unlock equity by refinancing to another home loan.
Contact Us
Your journey starts with a simple conversation over the phone or coffee. Our friendly team of lending specialists.