There are several reasons to consider refinancing your home loan.
For instance, you might have accumulated equity in your home and wish to utilise it for renovations, to purchase an investment property, or purchase an asset.
Alternatively, you might just want a loan that is better suited towards your needs that may offer more flexibility or conversely stability.
Generally there has to be a financial benefit if refinancing, no matter the intention.
In prior years people would also look to refinance to take advantage of things such as cash backs – whilst these sound great short term, it still costs money to switch banks & that new loan product may not be beneficial past a set amount of time.
If you’re contemplating refinancing, mortgage brokers are you go – we have hundreds, if not thousands of options available, depending on your circumstances and specific needs.
At Smyth Loan Co we have over 50 lenders at our disposal – 9/10 times we guarantee there will always be a cheaper option than any loan you may have now.
As a mortgage brokerage we assist with the application process, helping you gather the required documents and submitting them on your behalf to the lender.
Refinancing offers the potential to save money on repayments via securing a lower interest rate or improved loan features. We normally save our clients thousands of dollars per month with every refinance – we are are strong believer that your money is better off in your pocket, not the banks.
Moreover, refinancing can enhance financial flexibility. It may enable access to equity in your property for other investments or opportunities. Refinancing can also save you money by consolidating debt into one loan, with one manageable repayment, at a lower interest rate.
Smyth Loan Co are here to help save you as much money as possible when refinancing, better helping you achieve your financial goals & objectives.
