Refinancing | Home loans Tenterfield, Glen Innes & Guyra

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The benefits of refinancing your home loan

We know that refinancing your loan might seem like a daunting undertaking, but the reality is that you could be missing out on a whole range of important benefits that will improve your financial situation. The most obvious benefit is that even a small change in your interest rate can result in a huge saving in your repayments over the long term - it might be more than you think! This is particularly important if you are coming off a low fixed rate in order to minimise any repayment shock you may feel when your variable rate increases.

Refinancing can also help you

Reduce your fees
Access different features
Pay off your loan faster
Find a new loan that better suits your lifestyle and preferences

So don’t hesitate to read out to Karen, your trusted Tenterfield mortgage broker, to learn more about refinancing. She ensures that the process is simple and painless by handling everything from the application paperwork to the final switchover.

Consolidating debts through refinancing

Another benefit of refinancing is that you can consolidate multiple debts into one easy, streamlined payment. If you have debts such as personal loans or car loans, they will likely attract a much higher interest rate than your home loan. Consolidating them into one payment with a lower rate may be able to help save you money and pay off all your loans faster! This solution may not be appropriate for every situation, so it’s best to talk to Karen as soon as possible to discuss your options.

Free home loan review

If you want to find out what your options are when it comes to refinancing, book your free home loan review with Karen today. Karen will examine your current home loan and identify areas of improvement, including uncovering any sneaky switching costs. She will recommend the best path forward, and support you through the refinancing process if required. Get in touch today to book yours!

Book your free loan review