Refinancing your Home Loan
Should you be switching your Home Loan provider?
Jan 10, 2017
For most Australians, their home loan is the largest financial debt. If your local mortgage broker at MAS Tax Accountants Waverley in Mulgrave can find you a better deal, why shouldn't you consider looking at your options to re-negotiate your current loan with your current home loan provider or refinance with another provider.
What is holding you back may be the stress of going through the loan process, documentation, change to your banking arrangements and of course thinking of some refinancing costs. However, we can highlight the fact that the huge savings that benefit as a result of refinancing will outweigh all the stress and costs involved in the course of refinancing your home loan.
Switching your home loan is easy if you have found the right mortgage broker to handle the entire process for you. A competent broker will take you through the process smoothly as possible whilst assessing your situation to negotiate the best deal out in the market for your circumstances. At MAS Tax Waverley - Mortgage Division in Mulgrave, we will compare the rates available for you with different lenders. We will do the credit check for you. We will let you know if you'd be better of negotiating a discount with current home loan provider. If you have overdue tax returns that need to be lodged prior to refinancing, our tax and accounting division will assist you with that too. Prior to switching, our mortgage broker will factor in start up fees and/or exit fees to the refinancing costs. We will check with the lenders if mortgage insurance applies to your situation if you have less than 20% equity. You will be educated through out the process what's happening and what needs to be done.