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Joel Bradford

Refinancing your Home Loan | Jimboomba, Tamborine and Waterford

Rates are being cut everywhere you look at the moment, but does this mean you could save?

If you're looking to save money on your home loan just ask our team to help! The first step is finding out if there is a better interest rate or features available to you. As your Mortgage Choice brokers, we'll compare your current home loan against hundreds of others to see if we can get you a better deal. 

What is refinancing?

‘Refinancing’ means taking out a new home loan with a different lender to replace your current loan. Refinancing isn’t just about scoring savings. It can also help you achieve important personal goals. Switching to a new loan can be a way to access home equity, providing low cost funds to buy a new car, renovate your home, or invest in a property.

There are a number of reasons why you may choose to refinance your home loan, including:

  • Obtain a new loan with a lower rate or more appropriate features
  • Save on interest repayments
  • Consolidate your debts
  • Increase your loan amount or access equity for other personal and financial goals.

If you would like to find out, organise your free home loan health check with our team this week. 

Frequently asked questions

1. How much equity do I have in my home?

The simple way to know how much equity you have in your home is by calculating the difference between the current property's value and the total remaining balance to pay off on your mortgage.

2. How does equity work when buying a second home?

The way equity works when buying a second home can involve using the available equity in your home as security instead of a usual cash deposit. 

3. What can equity be used for?

Other common uses other than buying a home, Equity can also be used toward Home Improvements, Car Loans or a holiday, all at Home Loan interest rates, which can be less expensive than using other forms of credit.

How can our team help you with refinancing?

  • We will explain the costs associated with refinancing and take you through process
  • Joel & Tim will help you organise pre-approval so you can shop with confidence 
  • We will apply for incentives on your behalf. We’ll let you know whether you’re eligible for government incentives such as the First Home Owners Grant (FHOG) and help with the paperwork
  • Support you all the way

When you’re ready to move ahead, we will prepare all the paperwork and support you at every step to settlement. Reach out to our team of home loan experts by calling us on 0403 592 373.

Want more information?

If you would like to do some of your own research first, make sure you check out our home loan resources below!

To arrange an appointment please call Joel or Tim on 0403 592 373.


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