Rock bottom rates = time to refinance
February 26, 2021
It's never been so cheap to borrow…
Low rates aren’t just good news for the influx of first time buyers racing into get their first loan. This is also the right time for existing mortgage holders to capitalise on lender competition and super low interest rates.
Despite interest rates dropping to historic lows, less than ten percent of mortgage holders in Australia have refinanced. That means millions of customers are paying extra interest…for no reason or benefit. That’s the definition of crazy! Especially when you have a broker like me that's here to do the heavy lifting for you.
Do you know your home loan interest rate?
If no, you aren't alone. About half of surveyed home loan holders don’t know their rate! Let's talk and I can help work out the savings available.
Three great reasons to refinance:
Disclaimer: Any refinancing is subject to lender imposed terms and conditions including but not limited to loan serviceability, valuations and confirmed capacity to service both any existing and revised lending arrangements. The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances.
- Leverage equity. Refinancing a home loan can allow you to free up the equity in your assets to buy another property.
- Redeploy repayments. Lock in lower rates before they rise again, so you can choose to pay more off principal or perhaps take on a second property.
- Better fit. This can be a great chance to consider a different product type, consolidate other debts, shave years off your loan, or access exclusive deals.
Disclaimer: Any refinancing is subject to lender imposed terms and conditions including but not limited to loan serviceability, valuations and confirmed capacity to service both any existing and revised lending arrangements. The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances.