Refinance home loan in Shellharbour

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Refinancing home loan

But where to start? We can help you weigh it all up.

As time marches on, situations change. Perhaps you have changed jobs? Or there’s a new addition to the family? Maybe you would just like a better rate? Maybe it’s the advent of school fees, or perhaps the kids have flown the coop? Or maybe that leaking shower or old kitchen has just reached the end of its life.

A shift in circumstances may mean it is time to revisit your home finances. For many, the idea to refinance home loan in Shellharbour can be daunting. Fees are fixed versus variable interest rates that need to be considered.

The right property renovation loan in Shellharbour might help you to pay off your mortgage faster and, for less, refinance the debt or upgrade and add value to your home, all of which are steps in the right direction.

Common questions for those thinking of refinancing a home loan

Now is always a great time to shop around or check that you have the right loan for your needs. It will depend on what interest rate you are currently paying, what type of home loan you have (e.g., fixed, variable, interest only, line of credit), and what features you want in your loan. We can quickly explain your options.

This is one of the reasons that most people go with property renovation loan in Wollongong . The advantage is that you pay less interest rate on a mortgage than for most other forms of debt – e.g., credit cards, overdraft facilities, personal loans, etc. Provided you have sufficient equity in your property, you may be able to consolidate all your debt on a home loan. If you take this option though it is important to make sure you maintain your repayments of the debt that you consolidate at their current level, or you could easily end up paying more over a longer period of time. Speak with us today to discuss your personal needs.

We are all unique when it comes to our finances and borrowing needs. Get an estimate on how much you may be able to borrow (subject to satisfying legal and lender requirements) with our unique loan options tool. Chat with us when you are ready. We can help with calculations based on your circumstances.

Find the best property investment advisor to assist you with your property investment.

It definitely pays to do your homework on the property market before you dive in and we are thrilled to be on board to help you when it comes to financing your decision. Recent share market slides, tight rental markets in most capital cities and a whiff of an increase in property prices are seeing many investors retreat to bricks and mortar.

Generally, property in Australia is still considered to be a sound investment due to steady and consistent increases over time.

But it’s not a quick win. According to our experienced property investment advisor in Shellharbour, property usually has a seven to ten years cycle, with highs, lows and steady stints in between.

Fortunately, an ongoing housing shortage in Australia and a tax system that allows negative gearing on property (where any investment losses can be claimed as tax deductions) continue to favour housing as a solid, long-term investment.

But credit has tightened in the wake of the Global Financial Crisis, so lenders are more cautious about who borrows and for what. We, as the property investment advisors in Shellharbour, are here to help you find the right lender and loan for your circumstances in this new environment. We can also wade through the many investment property loan in Shellharbour options on offer, leaving you more time to find the ideal property.

Most lenders offer flexible repayment options to suit your pay cycle if you opt for refinancing a home loan. If you aim for weekly or fortnightly repayments instead of monthly, you will make more payments in a year, which could potentially save dollars and time off your loan.

Our guides to loan types and features (links) will help you learn about the main options available. There are hundreds of different home loans available. Get in touch with us today!

Depending on your loan, penalty fees could apply if you are paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We will walk you through any fees that could apply to your circumstances.