View our range of videos about Reviewing Your Loans curated by our expert team of Newcastle, Maitland & Hunter Valley loan specialists. Contact us to learn more.
4 Signs It May Be Time To Refinance
Now is the time to review your home loan. Here are four signs you may be overdue for a check-up.
You’ve been with the same lender forever
You have no idea what a redraw facility or offset account is
How they work
Your personal circumstances have changed
You’re drowning in debt payments
Please reach out – you have nothing to lose and everything to gain.
The Importance of Reviewing Your Loans
When should you review your loans:
Your circumstances have changed, you’ve changed jobs
Your income has changed
You have a child that has left home and is no longer a dependent
You have paid off some personal debt
Are you feeling like your not getting ahead? We can also look at negotiating better rates or look to see if the structure of your loan needs to be changed.
How to Compare Home Loans and Features
How to compare home loans and features:
Principal and Interest
Variable Home Loan
Fixed Home Loan
Split Home Loan
When To Leave Your Lender
Here are some tell-tale signs that it may be time to part ways with your current lender and start afresh with someone new.
Your home loan is getting old
The honeymoon period is long gone
Your lender doesn’t listen to a word you say
Your needs are not being met
How do your living expenses affect your borrowing power
You may be surprised to discover that how much you spend on day-to-day living can considerably reduce the amount you are eligible to borrow, even if you are a high-income earner. So, if you’re planning to buy a home, it may be time to cut back on some of life’s little luxuries and set yourself a strict weekly budget. Here’s why.