Mortgage Broker Perth
Important new changes coming for first home owners. Find out how much you can borrow.
Worried you might miss out on the latest Interest rate cuts?
Paying too much for your home loan? Our free health check will put your mind at ease.

Refinancing your Perth home loan.

Many Perth borrowers are finding that refinancing their home loan can save money if you find a lower rate than your current rate or reduce the terms of your loan. 

Home loans Perth - what can you use your home loan for?

The money saved can be put towards renovations, an investment property, consolidating debt, helping your children set up home or on a holiday.

There can be costs associated with refinancing so you need to assess the long term benefits of a lower rate against these costs.
 
Exit fees
 
Look closely at any exit fees your payable to your current lender if you switch loans.  These can be reasonably low with some lenders, whilst other lenders may charge quite high exit fees.  Next, look at any establishment fees on the new loan.

Interest Rates are coming down.

With interest rates coming down, now is the time to speak to a mortgage broker. We know which banks are dropping rates and who is raising.
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For example, if you refinance and save $200 a month on your repayments, but your exit costs amount to $2000, then it would  take you 10 months to break even.  If you are planning in staying in the house for longer than 10 months then you will be able to save money long term.

Choose the right mortgage
 
Don't choose a new mortgage based purely on its annual percentage rate.  Shop around, consider long term benefits and short term fees.  You may want to speak to mortgage broker if you are considering whether to refinance or to stick with your current mortgage. Also evaluate the terms that are put on any new loan and whether the interest rate is fixed or variable.
 
Consider refinancing with your existing lender.
Your current lender already has a relationhip with you, and has your financial history.  Use this to your advantage and consider whether you  may be able to get a better deal with them, rather than going to a new lender. 

Remember that your Mortgage Broker Perth is an experienced negotiator - they are more than happy to talk to your bank, on your behalf.  What other broker does that?

 And finally....

Ensure the costs of refinacing do not outweigh the benefits of a new loan.  Research different lenders and loan types, ask questions and consider your long term financial and property goals.   Contact Your Local Finance Broker on .

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Home Loan Health Check

Interest Rates are Falling

Combining Debt to Save Money

Fixed Rate or Variable Rate Home Loan?

Getting your home loan approved.

How long will my home loan take?

Home Loans - an introduction

Why use a Mortgage Broker Perth?

 

Our Home Loans

Low Interest Rate Home Loans

Simple, hassle-free home loans with the lowest interest rates available.

Debt Consolidation

Reduce monthly commitments and get on top of your finances with debt consolidation strategies.

Refinancing

Don't get stuck paying too much. Help on how to refinance your home loan.

Low Doc Home Loans

Full featured home loans now available as low documentation loans.

Line of Credit - Equity Release

Take some money out of your mortgage for renovations, starting a business, buying a car or that dream holiday.

What makes your Perth Broker different.

Exactly why you should talk to a Perth mortgage broker before visiting your bank.