Your Loan ...

The first bit of advice we can give you is once you have made up your mind you need some form of financial accommodation….. contact us.

Don’t get too bogged down in the detail; that’s our job. And don’t waste your time bouncing your loan around five different lenders trying to find the “best deal”; that’s our job. And it doesn’t cost you a cent. Because the lender wants your business they pay us for doing all the work and what’s more they give you the same rate and product you would have got if you approached them direct.

Refinancing

For most people the thought of refinancing is triggered by comparing your current interest rate with what might be available elsewhere and in itself that’s a reasonable proposition, but keep your eyes and ears open to make sure you get the full picture. Here are some of the things you need to consider.

First and foremost if you currently have a fixed rate make sure you take in to account any potential break costs that might apply. Depending on a number of influencing factors these break costs can run in to thousands of dollars.

Secondly, if the amount you want to borrow exceeds eighty percent of the valuation of your property you will be liable for Lenders Mortgage Insurance. Again this could be thousands of dollars.

Thirdly, get a written quote of all your discharge costs from the current lender and all your ingoing costs from the new lender.

Or, of course, give us a call and we’ll do all the numbers for you and help you decide.

 

  

Help you through the Maze ...

Our job is to help you through the Mortgage Maze. We’ve been there many times before. We know the way in and of course we know the way out again……….. and every time we think we’ll bring back the solution to your needs.

 
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