Re-Financing

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Many people think about re-financing when interest rates are changing and their lifestyle has taken a different path.

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There are a number of reasons why you may consider Re-financing:

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• Consolidate Debt – consumer debt and credit cards become very difficult to manage, by consolidating into one debt it is easier to keep track of it and it will reduce quicker, save you money on fees and charges and get a lower interest rate.
   

  • Reasons to consolidate:

    • ​Lower Interest Rate

    • Less fees and Charges

    • Reduced monthly repayments

    • Extended repayment term

    • Only one debt
       

  • Remember, this debt is now secured by your home – it is no longer an unsecured loan so you risk losing your home if you are unable to repay, it may also affect future applications. Let's chat to see if this option is best for you.
     

• Secure a competitive home loan interest rate – when interest rates are changing it is tempting to start looking around at other options! The lowest interest rate isn’t always best and can actually cost you money.  Let's chat to make sure you get the right interest rate for you.
   

  • Costs involved could be

    • ​One off charges such as exit fees,

    • Early repayment penalties

    • Re-draw fees

    • And others 

 

​​Stuart will discuss these with you and any others that may come up to assure Re-financing is the right choice for you.

 

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