Refinance
What is Refinancing?
Put simply, refinancing is achieved when you replace your existing debt/ mortgage with a new one and can be done with the same or completely different lender.
This means you acquire a new mortgage and use the loan proceeds to pay off the existing mortgage.
Why Do People Refinance?
Change in Circumstances
Whether sudden and unexpected or perfectly timed, as you move through the different stages of life your financial needs will change.
Better Terms
You might wish to move from a basic, ‘no bells & whistles’ home loan to a package which provides you with benefits such as offset accounts...
Better Interest Rate
Depending on whether you are on a fixed or variable product your broker will help you determine the best approach for review of your home...
Debt Consolidation
Rolling as many of your smaller debts into one large sum is often the most convenient approach to money management. Paying off your loan...
Hardship
Sometimes, either due to poor choices or life circumstances completely outside of their control, clients are left struggling with their finances. Many...
CHANGE IN CIRCUMSTANCES
Whether sudden and unexpected or perfectly timed, as you move through the different stages of life your financial needs will change. Life events such as planning a wedding or welcoming a new bub will require a re-evaluation of your spending habits and most often, a new assessment of your budget. The options available to you when looking to refinance range from options such as accessing additional funds in equity to requesting a lower interest rate via a home loan review – These refinancing options are designed to leave you in a better financial position...
BETTER TERMS
You might wish to move from a basic, ‘no bells & whistles’ home loan to a package which provides you with benefits such as offset accounts...
BETTER INTEREST RATE
Depending on whether you are on a fixed or variable product your broker will help you determine the best approach for review of your home...
DEBT CONSOLIDATION
Rolling as many of your smaller debts into one large sum is often the most convenient approach to money management. Paying off your loan...
HARDSHIP
Sometimes, either due to poor choices or life circumstances completely outside of their control, clients are left struggling with their finances. Many...
Change in Circumstances
Whether sudden and unexpected or perfectly timed, as you move through the different stages of life your financial needs will change. Life events such as planning a wedding or welcoming a new bub will require a re-evaluation of your spending habits and most often, a new assessment of your budget. The options available to you when looking to refinance range from options such as accessing additional funds in equity to requesting a lower
interest rate via a home loan review – These refinancing options are designed to leave you in a better financial position...
Better Terms
You might wish to move from a basic, ‘no bells & whistles’ home loan to a package which provides you with benefits such as offset accounts...
Better Interest Rate
Depending on whether you are on a fixed or variable product your broker will help you determine the best approach for review of your home...
Debt Consolidation
Rolling as many of your smaller debts into one large sum is often the most convenient approach to money management. Paying off your loan...
Hardship
Sometimes, either due to poor choices or life circumstances completely outside of their control, clients are left struggling with their finances. Many...