Refinancing
Once you have a loan, whether for a home or investment property, it’s often easy to forget about the interest rate.
If you were to be asked right now what rate you are paying there is a good chance you'd need to look it up! Most major lenders are very competitive and their best rates are usually close to the the lowest available.
The key to that last sentence was the word “best”. If you have a loan that hasn’t been reviewed for some time it’s very likely that there is a better deal out there somewhere…. possibly with your own bank.
The next question is whether it’s worth changing. Some older loans have exit fees still attached that can make switching unviable right now. That doesn’t mean you can’t start regularly reviewing your situation for when they expire.
A quick 10 minute phone call is all that is required to see if we could save you money. There is no obligation and no cost to finding out. Think about what you might be able to do with the extra cash! It could be used to reduce your loan faster, pay off credit cards or other high interest debt, or simply to spend on something you couldn’t justify before!
You can reach us either by phone or email us via the contact form
and arrange a time to find out if there are hidden savings in your mortgage.