When you first got your home loan, if you got the right advice, it was a great deal. But over time everything changes. Your life, your family, your personal circumstances, your finances.
The home loan market is just as dynamic.
So over time it’s possible your current home loan is less competitive, and you are paying a loyalty tax.
That’s why it’s worth reviewing your mortgage (and other loans) every two to three years. Or when you have a major change in your circumstances (a new baby or an inheritance, for example).
Refinancing to a better rate or terms can save you thousands; or get you through a tight period while allowing you to catch up later.
But it helps to get advice.
The costs of changing – break loan penalties, minimum loan periods, impact on your credit rating – can be higher than what you save on the rate.
At Regional Finance we have finance specialists to help:
Speak to a home loan expert today and get best deal for you and your family.
It’s easy to end up with debts everywhere: car loans, credit cards, personal loans. Often with high interest rates.
Refinancing them all into one loan makes them easier to manage. Usually at a much lower interest rate – and it can help you repay your mortgage even faster.
Speak to a home loan expert today and start saving money for better things.
