You may have seen in the media lately that some lenders are offering incentives to cover the costs of switching your home loan. I have listed below some important factors to think about when looking to refinance.
If you would like me to help you with a refinancing scenario please give me a call
Cheap rate or full package? Don’t pay for features you don’t need. Decide which you’ll use, such as an offset account or redraw facility, and whether you want to fix all or part of your loan.
Shop around. Using my services will give you access to many lenders and loans.
Add up the costs and benefits. From your payout amount, figure out the total interest payable over the life of your loan then compare other loan options. Include the fees and penalties involved in making the switch. I can help with these calculations.