REFINANCE
There are many reasons why a homeowner may want to refinance their home loan. Macarthur Financial Lending is opposed to the practice of switching lenders unless it is in the best interests of the client. However, refinancing can provide many benefits by using the equity in your home for such things as consolidating debts, buying an investment property, undertaking home improvements, buying shares or simply looking at a cheaper home loan product.
The Wrong Loan Could be Costly
When it comes to home loans its easy to get complacent, that is, until you realise you are throwing away thousands of dollars! That’s why you should speak to a Macarthur Financial Lending Consultant today. It’s quick, easy, obligation free and could save you thousands off your mortgage.
We will compare your home loan against the hundreds on our panel to make sure you have a great deal. Best of all, meeting up with a Home Loan Consultant to compare loans costs you nothing!
It's no wonder the majority of people who visit Macarthur Financial Lending end up finding a substantially better loan - one worth switching to!
Consolidating Your Debts
You could save thousands in interest payments, fees and charges by consolidating your personal loans, credit cards or car loans with your home loan.
Consolidating your debts offers attractive benefits in terms of reduced interest rates and long term interest savings, the ability to make one regular repayment (rather than several) and the opportunity to get ahead and pay your debts off sooner than you had planned. Many lenders offer you the flexibility to consolidate your debts by splitting them with your loan account, so that you can manage them separately, whilst still reaping the benefits of the lower interest rate.
On the other hand, there are traps. You need to be careful not to end up paying more by spreading your repayments over a longer period of time. You also need to check that the savings you can achieve will outweigh any set up costs for your new loan or exit costs on your existing loans.
A Macarthur Financial Lending Home Loan Consultant can help you restructure your finances, outlining the best ways for you to achieve great savings and avoid the traps.
Tips for Refinancing
Here are some handy hints if you are thinking about refinancing:
- You don’t have to move home to move your loan? Why wait until you sell your home or buy another property to start saving? If you are not satisfied with your current loan, let us show how refinancing can help you start saving today.
- Considerable savings can be made by switching to a more appropriate loan. Savings made through lower interest rates and low (or no) monthly fees or additional charges on your loan’s features can be significant. When such big savings are added to your repayments, they can cut years off your loan and save you thousands.
- Save even more by consolidating your finances! Consolidating your credit cards, personal loans and car loans with your home loan could save you thousands in interest payments, fees and charges.
- You don’t need to shop around! At Macarthur Financial Lending, we will do all the legwork for you. We offer a wide range of loans from the banks and other lenders. We will help you compare your current loan to all the loans on our panel, helping you find the one that’s just right for you saving you lots of time, and potentially thousands of dollars!