Let’s talk upgrades
So, you have been paying down your home loan and your property has gone up in value and you are now thinking you would like to upgrade into a bigger home or use some equity from your home:
- As a deposit for your next home or an investment property
- Maintenance or renovations on your home
- Investing in other wealth-building opportunities such as shares or managed funds
- Improving your lifestyle such as a new car or family holiday.
Now is the time to talk to us about reviewing your loan in line with your new goals. Even if you plan to just pay down your mortgage with the goal of being completely debt free. The time now is to talk to us about your home loan with a view to:
- Getting a better interest rate
- Finding out how much equity you have available in your property
- Finding out how quickly you can pay off your home loan
Not all lenders are equal. Negotiating with several lenders to get the best deal can save you thousands of dollars on your home loan. Does your current loan still suit your needs and financial goals?
If you’ve had your loan for a number of years, it is possible that you may be paying too much and maybe don’t have the loan features to serve your needs. Many home loans have different features:
- Variable or fixed – do you need the flexibility of a variable rate or certainty of fixed loan repayments? Maybe you need both?
- Mortgage offset – reduce the interest you pay on your loan by offsetting the available funds in your mortgage offset account.
- Redraw facility – gives you easy access to any extra cash you may have sitting in your home loan any time you need it.
- Additional repayments – having the freedom to repay your home off sooner and save thousands in interest.
- Flexible repayments – having a choice of weekly, fortnightly and monthly repayments means you can time your loan repayment with your salary, making budgeting much easier.
Reviewing your loans on a regular basis will help you get the best-priced loan with the best features to help achieve your goals.
If you’ve had your loan for a number of years, it is possible that you may be paying too much and maybe don’t have the loan features to serve your needs. Many home loans have different features:
- Variable or fixed – do you need the flexibility of a variable rate or certainty of fixed loan repayments? Maybe you need both?
- Mortgage offset – reduce the interest you pay on your loan by offsetting the available funds in your mortgage offset account.
- Redraw facility – gives you easy access to any extra cash you may have sitting in your home loan any time you need it.
- Additional repayments – having the freedom to repay your home off sooner and save thousands in interest.
- Flexible repayments – having a choice of weekly, fortnightly and monthly repayments means you can time your loan repayment with your salary, making budgeting much easier.
Reviewing your loans on a regular basis will help you get the best-priced loan with the best features to help achieve your goals.
