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With the competition between banks and non-bank lenders becoming increasingly apparent, there has never been a better time to reassess your current loan – also commonly known as getting a “Home Loan Health Check”!
In many cases refinancing your loan will mean you can benefit from a lower rate and more flexibility, thereby saving you money and allowing you the opportunity to pay off your loan sooner.
Launch Finance has access to a wide network of secure lenders offering hundreds of loan products. Our highly qualified team of brokers can negotiate on your behalf to secure the best deal for your situation.
Our team is dedicated to staying abreast of market trends, loan products and strategies, to assist you in making the most informed decision for your circumstances. If you haven’t reviewed your finances in the last 3 – 4 years you could be paying too much.
With the competition between banks and non-bank lenders becoming increasingly apparent, there has never been a better time to reassess your current loan – also commonly known as getting a “Home Loan Health Check”!
Lenders are always bringing out special rate offers for new-to-bank clients however they often neglect to let existing customers know about them. Therefore, you could be paying too much on your existing loan. Depending on current economic circumstances, it may make sense to consider switching from a variable interest rate to a fixed interest rate, or vice versa.
Your financial position may have changed since you first applied for your loan, and you may find that now you qualify for a product with more flexibility or popular features such as offset accounts, redraw facilities and the ability to make extra repayments. Additionally, the loan market is constantly evolving and highly competitive, and therefore loan features that were not available to you when you first applied, may now be available.
As you flow through life you may find that various debts such as credit cards, personal loans and car loans have crept in to your financial situation. By consolidating these loans, you could streamline repayments into a more manageable solution that helps you save on interest charges and fees and frees up your cash flow.
The equity in your home is equal to the property value minus the amount owing on your mortgage principal. The more equity you have, the lower the lender’s risk, which usually enables you to access a lower rate. Alternatively, you may choose to use that equity to invest in property or shares, or perhaps renovate your home. The more equity you have, the more choices you have.
Enter your details and one of our expert brokers will be in touch with your options!
Phone: 08 9367 4222
Suite 44, 11 Preston Street, Como WA 6152
Fax: 08 9367 3500
Email: [email protected]