How Much Would I Save if I Financed for a Better Rate?
This depends on the loan amount and what rate we are able to obtain. The banks offer greater interest rate discounts on more substantial loans. As an example: If the average mortgage in Australia is $400,000 and we can negotiate a rate that saves as little as 0.4% that equates to $1,600 per annum which equates to $40,000 over a loan term of 25 years. It makes a lot of sense to review your loan every 12–18 for a "health check" doesn't it?
Click here to access our calculators and find out how much you can save!
There are a lot of reasons to refinance your loan that are not entirely related to the interest rate.
Your loan was 'no frills' and you now require additional capital in the form of a top up or line of credit.
You have purchased an investment property or are planning to purchase an investment property and you want to access the equity in your home as a deposit on the investment
You have credit card and personal debts that you want to combine into one low mortgage rate
You were previously on a fixed rate where the term has now expired and you are considering a 'split' to fixed and P&I or totally P&I or rolling into another fixed rate.
You have a property portfolio that needs to be restructured for tax purposes.
Click here to make an enquiry about how the Mortgage Centre can refinance your current loan and solve any current problems with your existing loans.
It would be of great assistance if you could give us as much detail as possible by completing the Financial Profile form.
If your enquiry is fairly urgent you are welcome to call our loan professionals on 03 88320000