REFINANCING YOUR HOME OR INVESTMENT LOAN
The first step
What’s changed since you took out your current home or investment loan? Has your family grown in numbers or have you now got plans to renovate? How about interest rates – are you aware of what your current rate is compared with other offers available in the market? You should take stock of your current situation and work out exactly what you want to achieve from a refinance.
Having your property valued
A good mortgage broker in Melbourne can very quickly order a valuation on your home or investment property as well as review your current financial situation. You may also consider a minor facelift of your property before refinancing just to maximise the valuation you receive. Remember valuers measure your property against other comparable sales in your area so timing your refinance to occur when sales are strong can also make a significant difference to your long-term property plans.
Making a plan and finding the right loan
Once you know what property security you have behind you and what your serviceability will allow, you can then look at the options a refinance might give you. This might include a renovation, or a new purchase. At Cursio Group we can assist you to strategise and to select a loan product that will help you achieve your goals.
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Save your time and let us bring the banks to you
Common questions for those thinking of refinancing
Can I save money on my home loan?
When you took out your current loan, did you accept a fixed or variable rate? Also, what was your discount applied? It’s important to know this because as time goes on, rates change. We welcome the opportunity to review your loan and see where you can save money using the current market conditions to your advantage.
Should I consolidate my credit card debts with my home loan?
One of the most common reasons people refinance is to consolidate their debts at home loan interest rates which are much cheaper than credit cards and personal loans. If you have considerable equity in your home, you might be in a position to do this.
How much money can I borrow?
Working out how much you can borrow with one of our brokers is relatively straight forward. With updated information on your living arrangements, household income, expenses, assets and liabilities we can estimate what each lender is likely to offer you before we apply for a top up or new loan.