Should I keep my current home loan or refinance

Many of our clients choose to refinance their home loan or investment properties because their circumstances change. For example, you may be:

• Starting a family

• Moving house

• Seeking to renovate

• Getting married

• Retiring

• Or simply reviewing your financial position

Mortgages are often the single largest outgoing each month and refinancing can help:

• Reduce your home loan: you can save thousands of dollars and possibly halve the term of your home loan

• Consolidate debt: relieves some of the pressure of higher interest rates from personal loans and credit cards

• Provides more flexible finance options: utilises the existing property equity for other purchases such as renovations or a holiday. (This should be approached carefully so as not to detrimentally impact the equity in your property).

In summary, a successful refinance will deliver to you savings which substantially exceed the associated costs. For more information on refinancing your home loan and whether this is the best option for you, speak to a mortgage broker on 1300 55 10 45. Intellichoice has access to a wide range of mortage loans, including fixed rate home loans, variable home loan, offset account loan or a non conforming home loan, just to name a few.