Can I get a mortgage where I pay less than I’m paying now?
Now is always a great time to shop around or check that you have the right loan for your needs. We’re a great starting point. It will depend on what interest rate you currently have, what type of home loan you have (e.g. fixed, variable, interest only, line of credit), and what features you want in your loan. We will work you with to find the most suitable options.
Can I consolidate credit card or other debts into a home loan?
This is one of the reasons some people refinance. The advantage is that you pay a much lower interest rate on a mortgage than for most other forms of debt – e.g. credit cards, overdraft facilities, personal loans, etc.
Providing you have sufficient equity in your property, you may be able to consolidate all your debt on a home loan. If you take this option though it is important to make sure you maintain your repayments of the debt that you consolidate at their current level, or you could easily end up paying more over a longer period of time. Speak with us today to discuss your personal needs.
How much money can I borrow?
There are many factors that impacts your borrowing capacity, including income, expenses, liabilities and more. As part of the process of working with us, this is something we discuss with you in depth.
How do I choose a loan that’s right for me?
That’s where we come in. It’s our job to find you the most suitable loan based on your needs and circumstances. There are hundreds of different home loans available, it’s just about finding the right one for you.
What fees/costs are involved in switching mortgages?
Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply to your circumstances.
