Just because your home loan was right for you when you first took out your loan it doesn't mean it's the right home loan for you now.
Over time, your personal and financial situation may change, rates change, home loan products change, that's why it's a good idea to keep evaluating your mortgage on a regular basis.
Access One have developed a specific
Mortgage Comparison Report designed to
show if your paying too much on your home loan? it will reveal all! Compare your
current home loan against hundreds of others, and show all the costs in moving
your home loan.
Application fees, stamp duties, discharge fees and mortgage insurance are just some of the costs you need to understand as you refinance. Refinance almost always costs you money at the start - normally more than $1000 and sometimes more than $3000.
Consolidate your debts- You can pay off debts quicker and cheaper by rolling them into your home loan which could save you thousands in interest payments, fees and charges.
You want to get a cheaper rate- even if it means giving up a few loan features. Not paying for features you don’t use makes sense and could save you thousands.
Pull out money- If you want to renovate your home, buy an investment property or invest in something else you can use the equity built up in your home.
Want to make a really informed decision? Be armed with as much relevant information as possible before making your big decision? You can access extensive research on both real estate and the economy in general through Access One, and it’s free. If you are considering refinancing call Access One 1300 722 278 or get a free Mortgage Comparison Report which will outline everything you need to refinance your home.
