Three good reasons to refinance your home loan

June 26, 2017
Terry Hinchliffe

1. Move to a lower rate: Refinancing allows you to pay out your current home loan and take out a new loan at a lower interest rate to reduce your monthly repayments. You can also fix for a period at today's record low rates and have the security of fixed monthly repayments. 

2. Consolidate your debts for lower monthly repayments: You may have multiple debts and have trouble juggling your home loan, personal loans and credit card repayments. By consolidating your debts into your home loan, you can pay a lower rate because your personal loan and credit card loans are probably charging twice the rate you're currently paying on your home loan.
3. Access equity to build additional wealth: You can access the equity in your home and take the opportunity to build additional wealth by purchasing an investment property or by renovating and extending your Central Coast home.
Get a home loan health check to unlock the benefits of refinancing. Call Terry Hinchliffe your Central Coast Mortgage Choice Broker on 0459 487 396.


Posted in: Refinancing

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