June 27, 2014 by Samantha Korzeniewski
The lowest rates in decades, lets uncover if refinancing is right for you.
When refinancing the aim is usually to take advantage of lower interest rates that are on offer and/or to extend the length of your loan. In return, lowering your monthly home loan repayment.
Mortgage Choice Broker – Deslie Taylor offers her tips for refinancing your home loan.
Weigh up the costs
- Look out for exit/breakage fees, establishment costs, Lenders Mortgage Insurance (LMI), & Stamp Duty. Lenders are all unique and may have different costs for each of these, however some lenders may be happy to negotiate on these more than others.
Shop around
- Finding the best rate can be hard work, this is where it can be very advantageous to ask Deslie to help you source the best rate and deals out there.
Honeymoon rate
- The lowest rate offered may not be the best. Make sure the rate is for the life of the loan and does not revert to a higher rate after a certain period.
Product Selection
- Some great rates offered are attached to certain products which can have restricted facilities that may not suit your situation. Eg no redraw or excess payments etc.
Your reason for refinancing could be from consolidating debts, buying a new car, or completing renovations. No matter what the reason, chat to Mortgage Broker - Deslie at Ormeau who will take the stress out of it for you, and uncover the best options for you and your home loan.
Ph: 0418 715 286
Office: 07 5549 0822
Email: deslie.taylor@mortgagechoice .com.au
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
