Mar 22, 2017

Interest rates are at an all-time low and with increased competition, the lenders are lining up for your business.

It's really a buyer's market when it comes to refinancing, But before you jump in, check to make sure you've got a few facts straight.

What Is Refinancing?

Refinancing is basically changing the structure of your existing home loan to a new home loan structure. There are several reasons people refinance such as: 

  • Taking advantage of getting better interest rates
  • Enjoying improved loan features
  • Having the option to consolidate debts into one single loan

In your personal situation, you may find other very good reasons to refinance.

The good news is that you don’t necessarily need to change lenders to refinance. That's right - your existing provider may have some better options available to you now than when you originally took out your loan. This can reduce a lot of the hassle if you'd prefer to keep all of your banking with the same provider. There's no rule saying that refinancing equals switching lenders!

Review Your Options

At Calder Finance Broking, our lending specialists will do the homework for you.

We start out by first getting a good idea of exactly what your needs are. For example, you may want a loan that allows you to make additional repayments so that you can pay your loan off faster minus those annoying extra fees. We will compare hundreds of loan options across both bank and non-bank lenders in light of your specific circumstances to identify the best deal for you.

We're going to keep you involved in the process every step of the way. There's no need to be anxious at the thought of refinancing. You'll have everything carefully explained to you so that you can be confident of making a smart financial decision.

What Next?

Don't wait any longer! Call us now on 08 8373 3333 to plan a chat. Let us save you time and money by helping you find the loan structure that's perfectly suited for your situation.

Written and Supplied by Cliff O’Connell of Calder Finance Broking, for more information please visit the Calder Finance website. Please note that Calder Finance Broking Pty Ltd is a Corporate Credit Representative of BLSSA Pty Ltd ABN 69 117 651 760 ACL 391237.