February 8, 2017

Time to Refinance?

Do you already have home lending? Do you love your home? But more importantly, do you want to own your home faster and be in control of your lending?

A refinance to another bank might hold this key.

All too often our clients are complacent about how long it will take them to pay off their home loan. Or, when their interest rate is expiring. More importantly – is their interest rate competitive with the other banks?

Perhaps you have enough equity in your home to consolidate the extra debt you created over the holidays, or pay off your hire purchases/credit cards with a much lower home loan interest rate.

A refinance will encourage you to take charge and rethink your lending. Think of it as a fresh start!

Paying an additional $30 per week on your lending can knock 4-5 years off the full term of a $300,000 loan. This could be a savings of over $50,000 that you do not have to pay to the bank.

pay-off-your-loan-quicker

Or if you have a lower fixed interest rate, (eg, 4.5% fixed for a year, instead of 5.5% fixed for a year) and you are continuing to make the same repayments as you were previously with the old bank, you could save 3-5yrs off your loan term. Again, potential savings of over $40,000.

Does this sound too simple? It actually is! And we’d love to help you do this and be back in the driving seat of your finance’s.

At PropertyPlot we look after every aspect of a refinance for you. We take the stress out of the process, by doing it for you.

If you want to take back control of your lending talk to us about a potential refinance, or even a review of your current lending, please be in touch today. We want YOU to be in control!

Freephone: 0800 699 899 or contact us here.

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budgeting, Home Lending, Tips

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