Refinancing your home loan

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Refinancing your home loan

In the current financial climate, there’s never been a better time to shop around on your home loan, particularly if your circumstances have changed since you first took out the loan. The team at Mortgage Choice in Nowra can help you evaluate whether your current loan is right for you so that you can feel confident you’re getting the best deal available.

As your local broker in Nowra, we can advise you on the most effective strategies to keep loan expenses at a minimum, from using an offset account or making additional repayments to changing your repayment frequency or restructuring your loan. We will work with you and find the strategies that suit you best. Feel free to get in contact to find out more.

Contact Paddy and his team today!

Benefits of refinancing

Refinancing can help you:

Get a better deal on your loan
Consolidate debts to reduce your repayments
Take advantage of other loan features, like offsets and redraw
Unlock your equity to fund a renovation or investment property

There is a common misconception that refinancing will be expensive and is not worth the hassle. The truth is that a better rate can save you much more in the long term, and the cost of switching is often recouped quickly. As your local broker, Paddy and his team can help you assess any hidden costs associated with switching loans and discuss with you whether you should change your loan.

When to consider refinancing

You’ve got nothing to lose by booking an obligation-free appointment to chat about your current loan and rate. In particular, you should consider checking up on your loan if:

Your financial situation has changed recently
Your home loan is a few years old
You’re about to come off a fixed-rate mortgage
You want a better rate or lower fees

Our team is here to help

Not sure if refinancing will work for you? Book in with our team for a free home loan health check! Paddy and the team will compare hundreds of options to your current loan to evaluate whether you could be saving more.

Your local mortgage broker can utilise their considerable knowledge and experience to save you the headache of sorting through endless different loans - all at absolutely no cost to you! Get in touch today to learn more.