Checklist before Switching Retailer
- If you are looking for a better deal, make sure you take into account all of the extra costs that come with refinancing. These include break costs and other fees which can seriously damper the value you may get from switching your loan soconsidering the cost is very important.
- The best way to determine the value of switching your home loan or lender is by comparing your options online and calculating your savings. You should look at all of the features available, such as offset accounts, redraw facilities or rate discounts and see what you'd like your new loan to have. Then decide how much you're willing to pay for it i.eWeigh up your options.
- Because the costs of refinancing may be considerable, make sure you consider the type of loan you want now and the type of loan you want later in life so you don't need to switch again i.e keep forward thinking.
Your home loan will be with you for a long time, so it's never too early or late to put these tips into action. By comparing your mortgage options online and being aware of the benefits offered by lenders, you can work towards managing your repayments and maybe even paying off your home loan sooner than you expected, or Call our Consultants Now!!
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