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How To Refinance A Gold Coast Home Loan And Save Money

Refinancing a Home Loan, Mortgage Broker Gold Coast and NerangDo you sometimes find yourself thinking that with your home loan?

There must be a way to get ahead of rising costs and all the other crushing debts?

Well, you’re not alone:

It’s one of the most asked questions that mortgage lenders, and personal loan departments hear nearly every day.

Don’t despair:

The good news is…

There are a number of options you can consider to take the  pressure away from your weekly budget and…

Make life a little easier for you and your family:

And in this article, we’ll take a look at 5 ways you can refinance your mortgage to achieve a calmer lifestyle.

A quick note:

Please be aware that refinancing a home loan can be a little tricky.  So, it’s a good idea to ask a qualified Mortgage Broker for an opinion and sound advice (more on this later).

Here Are 5 Ways Refinancing Can Make Your Financial Life Easier: 

  1. Unlock the equity in your home:

A huge benefit of refinancing is that it allows you to access the equity in your Gold Coast home.

This is great way to achieve your personal goals of renovating your home, purchasing a new car, going on that dream holiday or even paying for university costs.

By borrowing against your home, you will be able to take advantage of these funds being made available at current home loan rates…

Which is a much more cost effective option for home owners.

  1. Reduced interest rates on your loan:

Reducing the amount of interest on your proposed refinanced mortgage is calculated by the current interest rate, the term of the loan, and the costs to refinance the loan itself.

It’s important to be thorough and aware of all these calculations because you don’t want to find that lower interest rates (which may sound very appealing) has overshadowed the total cost and loan term extension figures.

  1. A new loan that suits your current and future needs:

If you’re financial and/or lifestyle has changed (or even looks like it may change), refinancing may allow you to benefit from having a flexible, tailored loan structured to meet this new situation.

Things like lower interest rates and fewer fees are always a welcome addition to any loan and may help you now and in the unforeseeable future.

  1. Pay your mortgage off faster:

If you have set yourself a goal to pay your loan off sooner or…

You are making more income than you did when you took out your current loan.

Paying more onto your mortgage each month is not always allowed or beneficial for certain types of loan.

So, refinancing could be the ideal option for you.

  1. Consolidate your debts:

If you want to streamline all of your finances, save money and make it easier to manage your finances each month:

Refinancing can help you to group your debts… such as a credit card, personal loan or car loan onto your new mortgage.

And when you use the mortgage repayment calculator it will help you to understand how much your new monthly loan repayments will be.

This will quickly reinforce the benefits of…

  • Lower interest rates
  • Longer or shorter loan terms
  • Consolidation of your debts
  • Borrowing additional funds

To Summarise What You’ve Just Discovered About Refinancing Your Home Loan… 

If you’re considering refinancing your Gold Coast home loan to make your life more stress free…

The tips in this article will help to show you how you will benefit from moving forward with this strategy.

However:

This process may still be unclear…

And your existing financial arrangements could have other elements involved that require more explanation.

This is not an unusual situation:

What I suggest you do is take the time to give me a call on…

0408 761 847

And I’ll be happy to sit down with you and provide honest, qualified advice and support so that…

You’re no longer worried about how to proceed with refinancing or putting together what documents you need for a Home Loan.

Remember:

The right advice can remove the worry and anxiety from any financial situation.

I am a mortgage broker located in Nerang/Highland Park who assists all clients lending needs anywhere on the Gold Coast.

Look forward to your call.

Angela Hilton

Hilton of Finance

Reliable Financial Advice and Support

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