Mortgage Refinancing

You love your home, you got a good deal on your mortgage, and your repayment plan is right on track, so there’s no need to look any further for home loan finance, right? You may be surprised to know that the mortgage market is much more competitive than it was ten years ago, so shopping around now for a better home financing deal could save you a fortune.

Exactly what is home loan refinancing?
The principle behind mortgage refinance is really very simple. With the help of an experienced mortgage broker, you negotiate a new home loan, and pay off all or part of your current loan. You may get a better interest rate, or a more flexible repayment plan, so you can pay off your loan sooner and save thousands on interest.

Other reasons to refinance your loan.
Another big reason to refinance your mortgage plan is to free up cash by restructuring your repayment plan. You can use the cash for all kinds of worthwhile purposes, like renovating your home, buying a new car, taking the family on a dream holiday, or buying an investment property. You may just want some extra money in your pocket for little luxuries like a plasma screen TV, or a luxurious bathroom spa.

What are the costs of refinancing your home loan?
As with any home finance plan, you need to be fully aware of the costs involved before you make a decision. Refinancing your home loan may incur costs such as application fees, stamp duty and mortgage insurance, which may amount to $2000 or more. Your mortgage broker will give you all the information you need on refinance costs.

Get the best advice you can on home loan refinance.
To get started, talk to a mortgage broker who is an expert in refinancing. The experienced consultants at Prosperity Mutual can help you find the mortgage finance deal which is perfect for you.

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LOOKING FOR A BETTER DEAL ?

Whether you are buying your first home or refinancing
Prosperity Mutual can help you save money on your home loan and guide you from initial consultation stage all the way through to settlement. Our company prides itself on providing its customers with a personal service second to none. Services operate in Sydney, Canberra and Melbourne.

CONTACT US TODAY ON 1300 854 667