Refinancing | Mortgage Broker in Melton South, Fraser Rise & Aintree

With your home loan making up such a big part of your monthly finances, it's important to continue to make sure it's a great home loan - one that suits you. With rates changing so much in the last two years, the most pressing concern is to make sure you're not paying too much. As your Mortgage Broker in Melton South, I can help!

What is the refinancing process?

Refinancing is simply swapping your current loan for a new one, either with a new lender or your existing lender. It is much like the process of getting a home loan, as you will likely still have to provide the same documentation. There are some costs to refinancing like exit fees and valuation fees, so it's important to speak to me to ensure that refinancing will pay off for you in the long run.

However, it can pay dividends in the long run. Your interest rate will directly affect how much money you are giving to the bank and how long it will take you to pay off your loan. If you were to secure a lower interest rate, or a better feature (like an offset account), this could significantly reduce your repayments and see your loan paid off faster.

Here's why you should consider refinancing your loan:

• You could secure a lower interest rate.
• You could gain some new features that weren't available before.
• You could restructure your loan or consolidate some debt.
• You could release some equity in your current property to renovate or invest.
• You could renegotiate your fixed rate as it comes to the end of the term.

See our Loan Calculators 

 

 

Your home loan expert in Melton South

Hi, I'm Mitul - your local Mortgage Broker in Melton South. I'm passionate about keeping more money in your pocket and minimising the interest you owe. Let's review your loan and see if you could save!

Find out more about Mitul

 

My free home loan review service

As your local Melton South Mortgage Broker, I offer a free home loan review, which I believe is one of the most valuable services I offer. The first step is to have a chat with you, work out what you want from your loan and review how your loan stacks up against the competition. Best of all, my refinancing service is free.

• My next step is to review your options. I'll chat with your current lender to see if they will offer a quick discount on your interest rate or even a cashback loan for you to stay with them. I'll also look through our panel of over 35 lenders to review what's on offer and see if another bank has a better deal available to you. 
• I'll then help you review your options and choose a cost-effective loan to go with, whether it's sticking with your current lender (and a discount) or moving to a new lender. We will weigh the costs of each option so you can be confident in your decision.
• It's then up to me to make it happen! I'll put together the paperwork if required and follow your new loan through to settlement.

 

Start your home loan journey today

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• I'm considering refinancing

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Your first step on the journey

I'm passionate about helping clients achieve the dream of a lifetime - to own their own home - while making sure you don't pay too much to get there. Book a free review of your home loan with me today!

As a mobile Mortgage Broker, I can chat by phone or video. Alternatively, I can meet with you in person throughout Melton South, Melton, Fraser Rise, Aintree and right across Victoria. I'm proud to offer advice in English, Hindi or Gujarati. 

Call Mitul Patel on 0490 753 020 or request a call back below.

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