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Home loan refinancing
Whether you’re looking for flexibility, a lower interest rate or to consolidate your debts, refinancing could help you achieve your goal.
Thinking about switching? Here are some things to consider:
Calculating the costs
It is very important to weigh the costs of refinancing against what you could save by switching loans.
A lower interest rate can easily save you money in the long run, however it is important to also consider the costs to establish a new loan, as well as any fees to move away from your current loan.
Choosing a loan that is suitable
To help you find the most suitable loan, ask yourself what your goal is. For example, are you looking for payment flexibility? Or are you after the consistency of a fixed rate?
Home loan features such as an offset transaction account can help borrowers save money by using savings to reduce the interest payable on the loan.
Other features, such as having the ability to make additional repayments or simply changing the frequency of repayments can go a long way in helping people to manage their finances.
If you think you might be able to save money on mortgage repayments through refinancing, contact Axies Financial today. We’re here to help and will do all the paperwork and running around at no cost to you
Time to get organised!