Thinking of refinancing your loan?
303 words | 1.5min Read Time
If you have a mortgage, chances are you’ve heard of the term 'refinancing'. Refinancing your home loan can sometimes lead to significant savings. There are many reasons why your current loan might not suit you or might be outdated in today’s competitive market. You might want to reduce monthly payments, consolidate debts, or redraw extra funds, refinancing a home loan can offer some of these solutions.
Michelle Lauf, partner at JLH Finance Advisory explains it best, “Refinancing involves reviewing your current mortgage, including your interest rate, loan conditions and the potential opportunity to swap to a better deal or even another lender who can better meet your current needs. Refinancing can sometimes help you save interest and pay down your mortgage faster.”
“Your current financial situation, including your income, debts and any assets, like properties and vehicles, are all factors to consider when refinancing.”
Your current financial situation, including your income, debts and any assets, like properties and vehicles, are all factors to consider when refinancing. At JLH Finance Advisory we always want to find ways to save our clients’ money, and if you’re considering refinancing it’s important that we first take a look at your personal situation, future goals and existing loan structure and repayments. We can then look at renegotiating your current rate with your existing lender or moving to a new lender if a lower interest rate, or more preferable loan conditions are offered.
We take a personal, friendly and honest approach with all our client dealings, and share our knowledge and support our clients as though they were old friends. If you’ve reviewed your home loan and find it doesn’t suit your needs, give us a call to discuss refinancing your home loan. We make it simple for you!