What are the advantages of refinancing?
Lower interest rates
Interest rates may have come down, allowing us to secure a better deal so that you can benefit from reduced repayments each period.
Changing your rate structure
Because we have access to a plethora of lenders, we can source options which allow for movement from a variable rate mortgage to a fixed rate or a split structure which gives you the best of both worlds.
Reduce the lifetime of your mortgage
If we can source a better interest rate for you along with improved terms and conditions, you have the potential to pay off your mortgage faster.
Accessing Equity
In the likelihood that your property value has increased or your loan balance has reduced significantly since your original loan setup, we may be able to increase your loan to complete debt consolidation or cashout for lifestyle upgrades such as cars, holidays, weddings & cosmetic renovations.
What is the process of refinancing?
When you choose Locale Financial as your mortgage broker in refinancing your property, we simplify and add value to the process by giving you access to our expertise, knowledge and a diverse list of lender options to suit your lifestyle and budget.
Once we have had a robust conversation around your current financial position, we research lenders and products and give you the choice of your next step.
Once you have decided what works best for you with our support, we take you through the loan application process and keep in comms to make sure you have the latest updates until the loan is granted.
It doesn’t stop there though, we’re always in your corner doing health checks on your mortgage in case better options and letting you know about interest rate changes.
We’re playing the long-game with you.
Can I afford to invest in property?
Let’s see how much you can borrow.
Chat with one of our in-house finance experts to find out how much you can borrow and invest.
