Refinancing your loan | Mortgage Broker Narre Warren, Pakenham & Cranbourne

Refinancing is pretty popular right now, but it's more than just a fad. It's a vital part of a healthy home loan and ensures your bank is staying competitive with the rest of the market. As a local Mortgage Broker in Narre Warren and Pakenham, I research your options to see if we can find you a better deal. 

Why is refinancing so popular?

After the fastest cash rate rise in Australian history, interest rates have changed significantly over the last two years. Refinancing allows us to re-assess your needs and how your home loan is meeting those needs, whether it's just about finding a lower interest rate, consolidating debt, accessing equity or freeing up cash flow. 

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A few ways refinancing can help:

• Saving money on repayments: This is the most popular reason to refinance. The first step I take is to ask your current lender for a discount, which is by far the easiest and quickest way to save money. But, sometimes your lender doesn't want to discount the interest rate enough. In that case, I go to our panel of lenders to see if any other lenders would be willing to offer you a cheaper rate.  
• Consolidate your debts: Many people have accrued other, smaller debts since taking on their home loan - like a car loan, personal loan or credit card debt. Consolidating these smaller debts into your home loan through refinancing can save you money on repayments and help you get them paid off faster.
• Coming off a fixed rate: After two years of rate rises, coming off a fixed rate will make a significant impact on your finances. As your local Narre Warren Mortgage Broker, I will review the variable rate your lender is offering and see if I can find you a better rate from our 35 lending partners.

 

 

Your local Mortgage Broker

Hi, I'm Numan - your local Mortgage Choice Broker in Narre Warren & Pakenham. I'm passionate about financial education and making sure you have a home loan is both suitable and competitive. Let me see if I can find a better deal.

Find out more about Numan

 

Book a free home loan review

I'm here to help! Let's review your home loan and see if it is competitive and still suits your goals and finances. As a Mortgage Choice Broker, I have access to over 35 lenders to see if I can find you a better deal. 

I'm available to chat by phone, video or in-person in Narre Warren, Pakenham, Cranbourne, Clyde, Dandenong and across Victoria. I offer home loan advice in English, Urdu, Punjabi and Hindi. 

Call me today on 0451 477 760 or click below to request a call back.

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