So you want to refinance your mortgage?
Too often, homeowner and investment loans are left with the current provider with no action by the homeowner or investor to check if they are getting the best deal available in the market.
In our experience, it certainly pays to do a mortgage health check at least every couple of years.
Right now, a lot of homeowners and investors are paying too much interest, and should be negotiating with their current lender, or pitching their loan out to a range of lenders to see what is available.
Here are three tips for when you are ready to do a health check or refinance.
Know your current mortgage loan rates.
Beyond these tips, we’d encourage you to be aware of potential interest rate changes, and consider your options in terms of fixed and variable rates. Our mortgage advisor team can advise you on what suits your specific situation and needs.
Staying on top of interest rates, and keeping your loan tuned up and current on the best deal you can secure can save tens of thousands of dollars in interest over the course of a loan.
So you want to refinance your mortgage? We hope these tips help you on the journey.
The information in this article is general in nature and does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.