Many homeowners are frustrated with their current loan structure. Meeting monthly repayments can become onerous as debts accumulate. If you're having financial difficulties but don't want to leave your present house, it might be worth considering a home loan restructuring request. Internal restructuring (staying with your current lender) or external refinancing are both options (switching to another lender).
Restructuring your home loan unlocks equity. The restructuring process of reducing your debt to a lower interest rate could result in weekly savings. You can put the extra money towards a variety of activities, including home improvements, personal finances, debt restructuring, and investments. And who doesn't like a good deal? You might not be ready to make a large purchase or have a lot of debt, but everyone wants to know they're receiving the best deal possible. Regularly reviewing your current home loan and contemplating how it could be modified could save you a lot of money in the long term.
When was the last time you got your mortgage re-evaluated? If it's been more than 18 months since you last spoke with us, it's probably time. Mortgage Brokers Parramatta are at your disposal. We are proud to say that by merely restructuring or refinancing their debts, we have assisted countless clients in saving possibly tens of thousands of dollars.
With interest rates on home loans at an all-time low, lenders are offering greater rewards just for refinancing your home loan or investment loan. If you're looking for a cause to refinance, look no further. Can you answer YES to any of the following questions?
Was it more than 18 months since you had your home loan reviewed?
Are you paying too much interest, such as 4.5 percent to 5% p.a. or even more?
Do you have multiple credit card debts or personal loans that you're having trouble paying off?
Have you had to restructure your finances due to a change in employment and a decrease in income?
Do you have mortgage protection insurance but are unsure what it covers or would like to have it reviewed?
Do you want to know how to get a hold of your home's equity?
We are confident that if you responded YES to any of these questions, we will be able to find a solution to assist you.
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