Are you aware that in this current economic climate, many lenders are now offering a reduction of around 0.7% off the standard variable interest rate and that consolidating loans may save you thousands of dollars in ongoing interest rates.
Consolidating loans can be a relatively simple process that may involve changing your loan from one lender to another. Because the mortgage market is very competitive, lenders are continually introducing new packages for borrowers. If you have personal loans and outstanding credit cards, you may be able to move all your current repayment commitments into your home loan. If there is sufficient equity in your home, rolling all existing debts to one loan to pay off higher interest loans may potentially save you thousands of dollars.
REASONS TO REVIEW YOUR FINANCE
- Take advantage of discounts on offer and lower fees
- Lenders are always updating and changing their loans, however they do not usually pass this information on to their customers. This could be costing you thousands of dollars in additional interest payments.
- Unlocking the Equity in your home - If your objective is to invest in property or to establish a line of credit for share related activities, rolling all existing loans may provide you with the funds that you need. Alternatively, if you would like to add value to your home, unlocking your equity may be one way to help finance renovations.
- Debt Consolidation - If you have personal loans and outstanding credit cards, you may be able to move all your current repayment commitments into your home loan. If there is sufficient equity in your home, rolling all existing debts to one loan to pay off higher interest loans may potentially save you thousands of dollars
- A better interest rate - take advantage of discounts on offer and lower fees and charges. By obtaining properly structured finance, you may save thousands of dollars for the life of the loan.
HELPFUL TIPS
- You don’t have to move home to move your loan – There is no need to wait until you sell your home or buy another property to start saving.
- Don’t pay for features you don’t use – Your existing loan may not be the best fit for you and your banking style. You may be able to cut years and thousands of dollars off your loan through lower interest rates and fewer fees and charges on the loan that’s right for you.
- Save even more by consolidating your finances – Consolidating your credit cards, personal loans and car loans with your home loan may save you thousands in interest payments, fees and charges.
I want to consolidate and save, now what...?
You don’t need to shop around – We’ll do all the hard work for you. We offer a wide range of loans from the banks and other lenders. We’ll help you compare your current loan and determine the loan that’s just right for you – saving you lots of time, and potentially thousands of dollars
Finding out which loan suits your personal situation is a quick and easy process. Simply click on this link and register your interest for one of our mortgage specialists to review your personal situation.
