Refinancing

It pays to shop around

With so much movement in interest rates in the past 12 months now is a great time to revisit your lending arrangements to ensure your loan is still right for you. Reviewing your mortgage arrangements annually is a great way to ensure your mortgage remains competitive and continues to align with your overall financial goals. If it doesn’t, you could benefit from re-financing or approaching your lender for a better deal. A better deal could come by way of a better rate (although rates alone should not be the only reason for change) or by enhancements to either the features or structures available to you.

Refinancing can make sense in a range of scenarios:

• You may simply want to shop around for a more cost-effective loan that is more appropriate for your specific needs.
  
• You may be interested in doing the calculations on whether it makes sense to fix your interest rate.
  
• You may be making changes to your investment property portfolio and need guidance on lending options and the best way to structure your loans and security arrangements.
  
• Your credit cards and personal loans may be out of control and you would like to take advantage of potential interest savings available through debt consolidation.

If you would like to conduct a complimentry health check on your current mortgage arrangements, please contact us today and we will be happy to work with you to ensure you have a mortgage that is working hard for you!

Make an appointment to talk to an adviser about your refinancing strategy.