Refinancing | Home loans Scarborough, Doubleview, Mount Hawthorn

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Refinancing your home loan

When was the last time you looked at your home loan? Contrary to popular belief, home loans are not something to be set and forgotten, and you are not locked into the same conditions for the rest of your life. So if your interest rate is looking a little higher than you’d like or it’s been a while since you checked on your loan, it might be time to consider refinancing. While refinancing might seem costly, it can actually save you thousands of dollars worth of interest in the long run, recouping any initial switching costs quickly.

Trying to uncover any hidden costs and conditions in your current loan, let alone choosing a new one, can be an insurmountable task on your own! Melanie and the team at Mortgage Choice in Scarborough are here to make the refinancing process as quick and simple as possible for you, so you can rest assured that you are getting the best deal you can.

Benefits of refinancing

The most obvious benefit of refinancing is saving yourself money on your repayments, however, you may not have considered some of the other upsides.

The potential to consolidate your debts
Unlock equity to fund a renovation, investment, or even a new car
Access new loan features, such as additional repayments or an offset account
Pay off your mortgage sooner

Whether you’re changing lender or just going with a different loan option, Melanie and Alex Mitchell can answer all your questions with an unmatched level of industry expertise. When you work with our team, you can rest assured that you are getting the most out of your new loan.

Get a free home loan review

Not sure whether you should refinance? We can help! Your home loan review will assess your current loan, walk you through your options, and help you make an informed decision about whether you could be doing better. Checking in on your loan every few years, especially if you are coming off a fixed rate or your circumstances change, is the most effective way to keep your repayments low, so talk to us today!

Get a home loan review today!

Refinancing and home loan resources

If you’d like to read more about refinancing, check out our complete guide. It’s free and downloadable, so you can keep informed on everything you need to know!