Is refinancing your home loan too hard?
Is it too hard to find time to refinance your home loan?
Many people sign up and get a mortgage so they can buy their first house and don’t think much of it after that. Committed to 30 years of monthly repayments and that’s just what you do in life.
They do all the research and make sure they are getting the best deal when they choose their home loan product. They stay with the bank and continue to let their Interest rate increase till it’s not competitive with the rates currently being advertised by their bank. Then they realise they could be saving money on their Home Loan? Why are they loyal to the banks when they are not keeping in contact with them or offering them the best deal? The bank doesn’t review your Interest rate in line with the latest market offers.
I know life gets in the way and we all feel too busy and decide it’s too hard so we choose not to review our home loan. We take for granted that we need to pay the mortgage and that a certain amount comes out each month.
❓If this monthly repayment is the largest of your monthly financial commitments, isn’t it worth the effort to review it if you could be in a better situation financially….
- 💰 What if that Monthly repayment amount could be less?
- 💸 What if your financial situation has changed for the better?
- 🤝 What if you now want a redraw or an offset account?
- 💁♀️ Isn’t it time to see if you can get a better deal?
Initially it can be challenging the thought of providing all your financial information, ID documents, pay slips, bank statements, etc. to support your application.
What if that’s all you had to do?
🙋♀️ What if your mortgage advisor could take it from there, understanding your financial situation and needs and shop around on your behalf for a better deal to save you money or give you more flexibility?
If this is something you’re interested in, contact Julie at Greater Geelong Finance and discuss your options. What have you got to lose? A small amount of your time and you could potentially put some much needed cash back into your pocket or back into your mortgage to pay it off sooner…
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