Finance

‘Refinancing – Is your Equity working for you??’

Research shows nearly half of all Australian homeowners have never refinanced. That means that many homeowners are paying way too much for their loan & most likely they are in loans that are not suitable for their individual situation. What’s worse is that many homeowners have equity in their homes that is sitting idle not earning anything. This is a costly mistake & will significantly impact your available funds at retirement. Gone are the days when we stayed with the same loan or lender for the full term of a home loan – the mortgage market is now very competitive […]

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Why and When Should I Refinance?

Great News! A refinance can lower your monthly payment. Also, a lower interest rate can also allow you to build up equity and pay off your loan balance more quickly. When you receive your statement ensure you always look over it carefully. Your mortgage is amortized over an extended period of time, typically 30 years, interest payments make up a significant chunk of the monthly payment, particularly during the first ten years of your loan. By refinancing your mortgage to a lower interest rate, will obviously save you money because you will be paying a lower interest rate. But also, […]

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