FinRoc Finance’s Post

Thinking of refinancing your home loan? Here are 5 tips to consider. 1. Regular Review: It is advisable to regularly review your home loans to ensure they still align with your financial goals and circumstances. 2. Reasons to Refinance: Refinancing can be beneficial for reasons such as seeking lower rates and fees, accessing additional features like offset accounts and redraw facilities, and potentially using equity for renovations. 3. Life Changes Impacting Loans: Changes in income, expenses, relationship status, or property value can influence the type of mortgage that suits your current circumstances. It is essential to discuss these changes with a broker to make informed decisions. 4. Costs of Refinancing: Understanding the costs involved in refinancing, such as discharge fees, break costs, application fees, valuation fees, and others, is crucial to evaluate the benefits of switching loans effectively. 5. Mortgage Broker Assistance: More than half of Australians use mortgage brokers when taking out a mortgage. Brokers provide access to multiple lenders, negotiate better outcomes, and save time by handling the legwork involved in finding the right deal. Download your free guide below. #FinRocFinance #MortgageBroker #HomeLoan

Looking to refinance guide - FinRoc Finance

Looking to refinance guide - FinRoc Finance

https://www.finrocfinance.com.au

Margaret Rochford

Consultant Futureproof: Driving Disruptive Fintech Innovation | Founder FinRoc Finance: Empowering Women with Smart Financial Solutions | Brand Affiliate: NSE, AI-Powered Tech Disrupting the Health & Longevity Industry

2mo

Very useful tips.

Like
Reply

To view or add a comment, sign in

Explore topics