“Good decisions come from clarity, not pressure.”
It’s always worth checking to see if your current loan still suits your needs — and we’re a great place to start.
Whether you can lower your repayments will depend on a few factors, including:
We can quickly review your situation and explain your options, helping you decide if refinancing or switching loans could save you money.
This is one of the reasons some people refinance. The advantage is that you pay a much lower interest rate on a mortgage than for most other forms of debt – e.g. credit cards, overdraft facilities, personal loans etc. Providing you have sufficient equity in your property, you may be able to consolidate all your debt on a home loan. If you take this option though it is important to make sure you maintain your repayments of the debt that you consolidate at their current level, or you could easily end up paying more over a longer period of time. Speak with us today to discuss your personal needs.
We’re all unique when it comes to our finances and borrowing needs. Get an estimate on how much you may be able to borrow (subject to satisfying legal and lender requirements) with our Borrowing Power Calculator. Chat to us when you’re ready, we can help with calculations based on your circumstances.
Our guides to loan types and loan features will help you learn about the main options available. There are hundreds of different home loans available so talk to us today.
Most lenders offer flexible repayment options to suit your pay cycle. If you aim for weekly or fortnightly repayments, instead of monthly, you will make more payments in a year, which could potentially shave dollars and time off your loan.
Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply in your circumstances, or use our Mortgage Switching Calculator to get an estimate.
