Refinancing Dapto, Shellharbour & Kiama
Considering Refinancing or Comparing Home Loans?
If you have a home loan, it's a good idea to evaluate it annually to see how it stacks up against other options. As your Mortgage Broker in Dapto and the surrounding area, we will approach your current lender to see if there's room for a better rate first. If there isn't, we will discuss what other options are available to you.
Numerous clients have achieved substantial savings by simply adjusting their current home loan, consolidating their debt or refinancing their loan to a new lender. As your Mortgage Broker, Billy Boulton is here to help you with your refinance journey by guiding you through the process with expert advice.
If you have any questions about the home loan process, make sure you book an appointment with him this week.
What is refinancing?
Put simply, refinancing is when you change your home loan in order to suit your current circumstances. Everyone’s financial circumstances change from time to time, and when that happens, being able to refinance is critical in helping you pay off your mortgage with a minimum of financial stress.
We recommend that you take a look at your mortgage annually with a Home Loan Health Check and then consider refinancing. No matter if you're a local of Dapto, Shellharbour, Horsley or on the other side of the country, we can help you! Billy will be able to perform the home loan review for you with minimal stress or time. He will then come back to you with an assessment of whether your current home loan is the most suitable option.
To start the conversation, reach out to Billy and Anne Boulton - Your Local Mortgage Choice Brokers for Dapto, Shellharbour, Kiama and surrounds.
Why should I refinance?
Refinancing your home loan can offer a number of benefits, depending on your financial goals and current market conditions. Some of the reasons that people refinance their home loan include:
- Paying off debts such as credit cards by rolling them into the home loan.
- Getting a cheaper rate on the home load, especially when features on the current loan are no longer needed or wanted.
- To access some extra cash, for renovations, to buy a car, or even take a holiday.
- To switch from a variable rate to a fixed rate, which might be a wise thing to do, depending on the economic conditions.
Hear from one of our amazing clients, Carly, about her refinancing experience.
How do I refinance my home loan?
The good news is that it’s very easy to refinance! The best place to start is to understand why you want to refinance, such as to get a lower interest rate or tap into home equity.
Once you know why you want to refinance, it's time to research the mortgage rates available to you. If you're unsure on how to do this, don't worry, that's where we can help!
Once you've chosen a lender, submit your application along with necessary documents like proof of income and employment verification and if your loan is approved, the lender may require a home appraisal to ascertain its current value. Lastly, you will need to sign some paperwork and settle any fees associated with the application.
If you're looking for an easier solution, then get in touch with our team. We can take care of the hard work for you!
Debt Consolidation | Refinancing
Have you considered refinancing your home loan to consolidate debt? By securing a new mortgage, often at a lower interest rate, you may be able to combine your existing home loan with other debts, such as credit cards or personal loans. Check out our short video to learn more.
Some of the benefits of consolidating your debts into one loan can include:
- One monthly repayment
- saving on loan fees and charges
- potentially a lower interest rate, particularly if you use your home loan to consolidate debt, which can create significant financial savings overall.
If you're interested in learning more about debt consolidation, then get in contact with Billy Boulton, your local Mortgage Choice broker in Dapto, Shellharbour & Kiama.
Call the Mortgage Choice Dapto team on 02 4261 8058.
We service all areas of Australia, including Dapto, Kiama, Albion Park, Shellharbour, Figtree, and Illawarra.
