Aaron Loans / Services
SERVICES
Refinancing
Refinancing involves replacing your current loan with a new one, usually to get a better deal, like a lower interest rate or additional incentives such as a cash rebate. This new loan can be with your existing bank or a different lender. People refinance for several reasons, including:
Reasons for Refinancing
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High interest rates with their current lender
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Excessive fees that are adding to loan costs
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Unsatisfactory customer service
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Difficulties securing a new loan for purchasing additional property
Key Benefits of Refinancing
Lower Interest Rates: Switching to a new lender with a more favorable rate can save you significant money over time.
Reduced Loan Payments: A lower interest rate means smaller payments to the bank, freeing up your cash flow.
Access to Higher Loan Amounts: Some lenders may offer higher property valuations, allowing you to borrow more.
Better Loan Features: You may be able to switch to a loan with more flexible repayment options or other features tailored to your needs.
Cash Rebates and Incentives: Some banks offer rebates as part of refinancing packages, adding even more value.
Costs to Consider
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Exit Fees: Some loans come with penalties for paying them off early.
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New loan settlement Fee: When switching lenders, you may also be charged a loan settlement fee as part of the refinancing process
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Break Costs: If you are breaking a fixed-rate loan, you may incur break costs.
Is Refinancing Right for You?
Refinancing can offer significant financial benefits, but it’s important to weigh all associated costs, including exit fees and settlement fees. Each situation is unique, and discussing your options with a qualified mortgage broker can help you make the best decision.
💼Need Help with Refinancing?
If you're thinking about refinancing or want to explore your options, contact Aaron today for expert guidance. He will help you assess your situation, manage the costs, and find the best deal to suit your financial goals.
📞 Call Aaron Today: 0481 177 888 or fill out the contact us form to start the process!
💼 Refer a Friend
Know someone who might benefit from refinancing? Refer them to Aaron! They can get expert advice and the support they need to make informed decisions.
📞 Call Aaron at 0481 177 888 or fill out the referral form to start the process!
You may get a free valuation from our professional brokers via the information you provided on our website. Alternatively, you may call us directly. We look forward to help you in finding the right home loan for you.