When looking at refinancing, there are many options to choose from. For many people the thought of refinancing is very daunting and they are not aware of what is involved or what is out there.
The average home loan life span with any one institution is around five years. Usually by this time your circumstances have markedly changed. You may wish to upgrade your home or have already done so. You may have purchased a new car or your personal situation, lifestyle and needs may not be the same as when you first obtained your loan.
There are many reasons why people may need to refinance such as:
- Equity in your existing property may have increased and you wish to utilise that equity for other purposes.
- You may wish to change the type of loan facility that you presently have.
- Consolidate into one loan.
- Commence an investment portfolio.
- Reverse mortgages for seniors with property equity.
There are in fact, many reasons why you may wish to refinance.
We can analyse your situation and research the many different products available for you at no cost.