Is your home loan due to come off its fixed rate soon? If it already has and you have let it go to the default interest rate, you could miss out on a better deal! If either of these scenarios sounds like you, rest assured you’re not alone.
The recent string of interest rate increases by the Reserve Bank of Australia (RBA) has led homeowners to reassess their home loans, interest rates, and loan features.
However, with a vast range of products available in the market, it can be daunting to determine which home loan suits your requirements. This is where our expertise as mortgage brokers becomes invaluable.
We specialise in providing personalised choices that cater to your specific needs. Allow us to explain how we can assist you throughout this process.
1. We know the market
The mortgage industry has undergone significant transformations, with interest rates rising and banks implementing stricter lending criteria. This new landscape poses unique challenges for borrowers.
In these unprecedented times, it is essential to enlist the help of a professional broker who possesses extensive knowledge of the industry. They can assess your individual financial circumstances and goals to determine the most suitable mortgage products for you. Having a knowledgeable expert by your side is more crucial than ever before.
2. Tailored finance solutions
Finding the right mortgage is not a one-size-fits-all solution. We understand that everyone’s financial situation and goals are unique, which is why we provide personalised finance solutions.
Our experts will carefully analyse your individual financial requirements and diligently search for a loan that meets your specific needs.
3. A broad range of lenders and choices
Our team of experts conducts thorough comparisons of various lenders and their products to ensure that we find the perfect fit for your needs. Additionally, we are well-informed about home loan offers and lenders that may not be widely recognised, presenting you with alternative possibilities.
Furthermore, we handle all the necessary groundwork on your behalf, allowing you to save valuable time that would otherwise be spent conducting research on your own.
4. No or low cost
Mortgage brokers are compensated by lenders for their services, meaning there is typically no expense to you. Additionally, the commissions we receive are equitable among lenders, ensuring that we have no motivation to favour one lender over another. Our primary objective is to prioritise the best interests of our clients in all our actions.
5. Make your life easier
If you’re currently experiencing financial strain due to the current economic climate, you may feel overwhelmed by the idea of refinancing. However, it is a worthwhile endeavor, especially if it enables you to better manage your mortgage payments and cope with the increasing cost of living.
At our company, we understand the challenges involved in refinancing. Our team will carefully assess your financial circumstances and needs before presenting you with viable options tailored to your situation.
Should we identify a more suitable home loan for you, we will handle all communication and coordination with the lender throughout the refinancing process.
Common reasons to refinance
Here are some of the common reasons people choose to refinance:
- To secure a more competitive interest rate
- To make the most of interest-saving features like offset accounts or redraw facilities
- To access equity for renovations, additional properties or other financial goals
- To consolidate debt.
If you’ve been avoiding looking at your home loan since interest rates started going up, it’s time to take control.