Refinancing | Mortgage Broker Castle Hill & Rouse Hill
With your home loan making up such a big part of your monthly finances, it's important to continue to make sure it's a great home loan, and one that still suits you. With rising interest rates, the most pressing concern is to make sure you are not paying too much in interest.
Why is now the right time to refinance?
Your interest rate directly affects how much money you are paying to the bank and how long it will take to pay off your loan. If you were to secure a lower interest or a better feature (like an offset account), this could significantly reduce your repayments and get your loan paid off faster.
With interest rates increasing, your home loan may not be the most competitive deal available. Your bank will not offer you a lower interest rate, so let's take the time to review the other offers on the market.
Here are some reasons to refinance:
- You aren't sure if your interest rate is competitive.
- You would like to take advantage of some better features.
- You would like to switch lenders.
- You are coming to the end of a fixed rate term.
- You would like to consolidate your debt into your home loan.
- You are looking to access equity to invest or renovate.
Our free Home Loan Health Check is a great place to start
As your local Mortgage Broker in Castle Hill & Rouse Hill, I offer a free Home Loan Health Check to kick off the refinancing process. I compare your current loan with thousands of others to see if there is a better deal out there for you. I then talk you through the pros and cons as well as any costs you might be charged.
If we find another home loan that saves you money in the long run, I will the complete the paperwork and discharge for you. You can just relax and reap the benefits of your new, cheaper loan.
What is the refinancing process?
The process of refinancing is very similar to getting a regular home loan, as you will still have to provide the same documentation. However, it can pay dividends in the long run.
There are some costs to refinancing like exit fees and valuation fees, so it's important to speak to us to check that refinancing still benefits you after factoring in fees.
Get started with your local Castle Hill Mortgage Broker - Manish Chhabra
Don't spend your time comparing home loans to see if there's a better deal, let me do it for you! As a mobile broker, I can come to you across Castle Hill, Rouse Hill, Kellyville and across Sydney! I help customers in English, Hindi, Punjabi and Urdu.
Call Manish Chhabra - your local Castle Hill Mortgage Broker - on 0450 688 881 or request a call back.
Call: 0450 688 881 Request a call
