Refinancing | Home loans Maidstone, Essendon and Yarraville

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Refinancing your Maidstone home loans

Sticking with the same loan for too long can hurt you in the long run! While it might seem simpler to remain loyal, refinancing can end up saving you thousands of dollars in interest every year, among other advantages. And the best part is that it couldn’t be easier to do when you have Ben by your side. He takes care of all the confusing paperwork for you so that you can stress less and enjoy your new loan!

The benefits of refinancing your loan

Refinancing can offer you numerous benefits, and you may want to take advantage of a few of these to improve your financial position. Some of the benefits include

Unlocking your equity
Reducing your interest rate and lowering your repayments
Paying off your loan faster
Consolidating debts
Gaining new features, like an offset account
Reducing your account fees

Is it time to refinance?

If your loan is a couple of years old and you haven’t reviewed it recently, now is the time! Refinancing can benefit you at many different stages throughout the loan term, but we recommend that you particularly consider it if

You are on a fixed rate which is ending soon
Your financial circumstances have changed
You are no longer happy with your loan or lender
You just want to get a better deal!

As your mortgage broker, Ben can help you decide whether you could benefit from refinancing by examining your current loan and identifying areas for improvement. He will identify any hidden fees and calculate your savings with a new loan, ensuring you recoup any costs quickly. Just book your free home loan review appointment with him today to get started.