Refinancing on The Gold Coast
Why Refinance
Save Money
Securing a better interest rate than the one you have at present can free up that much needed extra cash to assist with the monthly bills, buy a new car, take a holiday. It is your money why would you pay the Banks more than you need to! Help us to keep the Banks honest.
Unlocking Equity
Unlock the equity in your home to use for that holiday you needed 3 years ago, for a deposit on an investment property, renovations, a new pool. You name it, there are many different reasons you might want to release the equity in your property. After all it’s your money.
Consolidate Debt
By consolidating other debt such as credit cards, car loans, personal loans and the like, into your home loan, you could pay the debt off faster. Helping you to free yourself of all those repayments and the higher interest you are paying to make the banks richer.
Better Features
You may want to refinance to take advantage of a product with different features. Or maybe you just want better service. Maybe the product you are currently in just doesn’t suit your needs anymore.
Get your life back!
It sounds a bit corny but I am sure that it resonates. We refinance for a multitude of different reasons none more important than doing what’s best for our family.
By Refinancing we can save money and take that family holiday each year.
We could pay down the current mortgage quicker, knocking years off, just by structuring our home loan correctly. And thus getting your life back!
We could be thinking of our retirement or our children’s future and want to start an investment property portfolio.
And there are many, many other reasons to refinance like, buying a new car, better features, different product, whatever the reason one thing remains the same Home Loan Advice is here to provide you with expert, professional advice right here on the Gold Coast.
Refinancing is the process of taking out a home loan with another provider to repay your current home loan with your current mortgage provider. Changing home loans to provide a better solution to your needs and this can be for a multitude of different reasons. In the current market we advise our clients to get a quick home loan health check every 12 months to ensure that your current mortgage is still the right solution for you. At the end of the day your home loan needs to be the right solution for you, refinancing with Home Loan Advice can achieve peace of mind and save you thousands.
Depending on your specific situation and the reasons you would like to refinance, refinancing could save you money, put extra cash in your pocket, help pay down your loan faster, save you money by consolidating other debts. You could finally take that holiday or buy that new car or even complete those renovations that your property sorely needs with an addition for the new addition to the family. Whatever you decide to do with your savings or equity you need expert home loan advice when it comes to refinancing on the Gold Coast and that’s where Home Loan Advice comes in. We will help you structure your loan so that it works for you, choose the right product and Lender that suits your specific requirements. Home Loan Advice is here to help you every step of the way.
Refinancing is now a reasonably simple process compared to years gone by. During our consultation Home Loan Advice will complete an assessment of your current position and gain an understanding of what your requirements are. We then discuss potential products, structures and lenders. Once you have decided on a lender we at Home Loan Advice on the Gold Coast will complete the application for you, as this can sometimes be tricky, and then lodge your application with your chosen lender. The Lender performs their assessment, values your property and makes a loan offer. We at Home Loan Advice take care of everything from application to settlement. Believe me when I say that we at Home Loan Advice on the Gold Coast pride ourselves on saving our clients thousands and years off their home loan. We would like to do the same for you.
There may be costs such as government fees and ingoing or outgoing lender fees. We can advise you of the fees to ensure you are able to make an informed decision and whether refinancing is right for you at this point in time. Home Loan Advice on the Gold Coast is here to make the process smoother.
Refinance Case Study on the Gold Coast
Ashley is a time poor self-employed single father, who was finding it quite difficult to maintain his growing monthly financial commitments. He knew that he was paying too much to his bank but didn’t know who could help or where to start, so he called his Bank. He was on hold for 42 minutes, his words not mine, and asked for a better rate to reduce his repayments and increase his monthly surplus to assist with his other personal debts. His bank reduced the rate after Ashley complained and asked to speak with a manager, it really shouldn’t be that hard. However, the rate was still 1% more than he should be paying.
Ashley wasn’t happy so he did an online search and found Home Loan Advice, this was the best search he ever did. After having a chat over coffee, Home Loan Advice had a better understanding of Ashley’s situation and we knew we could do better than just a small reduction in rate. To give you an idea Ashley was a self Employed Landscaper on the Gold Coast, who was time poor and just set and forgot his home loan, the largest purchase you are most likely to ever make. He thought that his bank would look after him as he has been a loyal customer for years. Sadly this wasn’t the case.
Home Loan Advice researched other lender options for Ashley so he could keep doing what he does best, creating beautiful landscapes for people to enjoy, running his business and looking after his family. Ashley was paying $875 / month more than he needed to on his home loan, making the bank manager fat, he also had a personal loan and 2 personal credit cards and afterpay, combined he was making 4 repayments per month, sometimes forgetting one of them. Ashley was repaying debt, not including his home loan, of $2125 / month, no wander he was stressed.
Home Loan Advice agreed that refinancing and consolidating the other debts was Ashley’s best option to get ahead of his current situation. A Home Loan Advice specialist presented Ashley with the options and showed him how refinancing and structuring his loan correctly would not only save him money but help him to pay down the loan quicker making a positive impact on his life. Ashley was ecstatic, now he was making one repayment and saving more than $2800.00 / month, by consolidating the personal credit cards, zip pay, personal loan and the reduction in rate. Ashley is paying the same amount he was paying previously in order to pay his mortgage down sooner and get his life back. If you are feeling stressed like Ashley was give Home Loan Advice Gold Coast a call so we can help you too.