There’s a lot happening in the property market at the moment. With never-seen-before interest rates, to banks and lenders dropping the interest rates on a variety of their home loan products, there are some serious opportunities out there for the taking - just in time for a summer transformation.
What a great time to whip your mortgage into shape this summer. Believe us, it’s actually a lot easier than getting a 6-pack too (unless we’re talking about beer).
Let’s begin the transformation:
Get a check up
The start of any good transformation starts with an assessment of the current situation. When it comes to your home loan, this is where a Home Loan Health Check comes into play.
What is it?
It’s a free service that Mortgage Choice offers to evaluate and compare your current home loan with hundreds of others on the market, from our wide panel of lenders.
It takes into account the interest rate, fees you’re paying and features of the loan to make sure it’s still the right home loan for you.
What are the benefits?
With the changing nature of our lives, things that once were a priority can shift around.
Whether your situation has changed since you first took out the loan (e.g. started a family), you want to consider other home loan options on the market, you’re coming to the end of a fixed rate or planning some renovations or perhaps are considering buying an investment property (or anything else in between) - assessing your current situation against your home loan to see if it’s still meeting your needs can pay off significantly.
How does it work?
Once you set a meeting with your local Mortgage Choice broker, they will assess your current home loan repayments, remaining balance, features and many other factors to then see if another home loan might better suit your needs and then present you with the findings.