Refinancing your current loan
Find out if you could get a better deal on your home loan.
Are you 100% sure your loan is still the right one for you?
You should never set and forget your home loan as often there is another loan with a different lender that may better suit your needs and even save you a significant amount of money.
The best place to start is with a home loan review. The specialists at Finsure Loans can review your mortgage and we may recommend that you will be advantaged by refinancing to a new home loan.
You can refinance your home loan at any time. But be aware there can be refinancing costs. Care should also be taken if you are currently on a fixed rate loan or thinking about fixing your home loan rate as break costs may apply.
There are no limits as to how often you can refinance your home loan. However, you should consider the time and costs of refinancing. Some mortgage holders would refinance their home loan every three to five years.
Eligibility for refinancing depends on various factors such as credit score, income, property type, and loan-to-value ratio. However, even if you don’t qualify for a traditional refinance, there may be other options available.
The refinancing process typically involves a credit check, an appraisal of the property, and an underwriting process to determine your eligibility and the terms of the new loan.
Send us an online inquiry through the form on this page and one of our friendly Finsure Loans specialists will contact you to discuss your options.