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10 Oct 2014

Refinancing a Home Loan

Have you had the same loan for a number of years? Do you feel your current loan doesn’t have the features you need? Have your circumstances changed? Are you burdened by debt repayments?

If you answered yes to any of these questions, then it may be time to find out whether you could be better off refinancing your loan.

Loan products and interest rates change regularly. A review of your finances by one of the finance consultants at Nicheliving Homeloans could reveal some undesirable elements in your existing loan such as hidden costs and penalties for additional re-payments. It could also expose whether your existing loan has fancy features that you don’t need. More importantly, it may not incorporate features that might help you reach your financial goals faster than expected.

Benefits of Refinancing

Refinancing could help ensure you get a loan that meets your current needs. It might also shorten the term of your loan, deliver a better interest rate and result in lower repayments. By consolidating and refinancing debts, it could provide a solution if you’re burdened by debt repayments. It could also help you free up capital for investment.

If you have a fixed loan that’s about to expire it could be a good idea determine your refinancing options before the bank converts it into a standard variable loan.

Our finance consultants at Nicheliving Homeloans will gladly meet with you to examine your current financial situations before arriving at a decision on whether refinancing is a good idea for you. We have the know-how to scan a range of available loans to find a better deal for you and we’ll ensure the whole switching process is smooth sailing. Call us and let’s see if we could find you something better.