What is refinancing?
With interest rates still sitting at record-lows, there are some fantastic home loan deals available right now. I can compare hundreds of options from a wide range of lenders to see if you could save on your home loan by refinancing. But what exactly is involved with switching your home loan?
A guide to refinancing
The process of refinancing involves paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender.
Along with the potential to save money with a more competitive rate, or improved loan features, refinancing could also offer an opportunity to access the equity in your home and build wealth through an investment property. It could also offer a way to streamline your borrowings through debt consolidation.
Take a look at our Money Chat video, 'What is refinancing?' for an introduction to how refinancing works and how you might benefit.
For more information go to MortgageChoice.com.au/Blackwood1
For tailored advice on how to refinance your home loan and to see if you could save, don't hesitate to contact me at Mortgage Choice in Blackwood on (08) 8178 0700 to arrange a no-cost and no-obligation meeting.
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