Finance Health Check
Have you ever wondered whether your existing loans are still meeting your needs?
We know that a home loan is a long-term commitment and we understand that your situation can change while you’re paying your mortgage.
Oftentimes there may be new products available since you first negotiated your home loan. It is therefore important to complete regular reviews to ensure that your current loan structure is still meeting your needs.
Whether you’re looking to access the equity you have built up, move to a more competitively priced loan or would just like to complete a thorough review of your loans, book in a time to chat with us and we will be more than happy to assist.
Finance Health Check
Have you ever wondered whether your existing loans are still meeting your needs?
We know that a home loan is a long-term commitment and we understand that your situation can change while you’re paying your mortgage.
Oftentimes there may be new products available since you first negotiated your home loan. It is therefore important to complete regular reviews to ensure that your current loan structure is still meeting your needs.
Whether you’re looking to access the equity you have built up, move to a more competitively priced loan or would just like to complete a thorough review of your loans, book in a time to chat with us and we will be more than happy to assist.
Case Study
Maude has a home loan with Bank ABC of $350,000 at an interest rate of 4.14% against a home valued at $600,000.
Maude also intends to fix up and complete some improvements to her kitchen which will cost about $15,000 and she also has been hearing that other banks have reduced their home loan rates.
Maude has decided to engage with a broker who has understood her requirements and the broker has proposed that Bank XYZ may offer her a loan of $365,000 at an interest rate of 3.50%.
Of the $365,000, $350,000 will go towards paying out her existing loan of $350,000 with Bank ABC and $15,000 will go towards improvements to her kitchen.
If Maude chooses to proceed with Bank XYZ, her mortgage will then change from Bank ABC to Bank XYZ, she will have one home loan of $365,000, she will have an extra $15,000 for kitchen improvements and she will be charged an interest rate of 3.50%
Case Study
Maude has a home loan with Bank ABC of $350,000 at an interest rate of 4.14% against a home valued at $600,000.
Maude also intends to fix up and complete some improvements to her kitchen which will cost about $15,000 and she also has been hearing that other banks have reduced their home loan rates.
Maude has decided to engage with a broker who has understood her requirements and the broker has proposed that Bank XYZ may offer her a loan of $365,000 at an interest rate of 3.50%.
Of the $365,000, $350,000 will go towards paying out her existing loan of $350,000 with Bank ABC and $15,000 will go towards improvements to her kitchen.
If Maude chooses to proceed with Bank XYZ, her mortgage will then change from Bank ABC to Bank XYZ, she will have one home loan of $365,000, she will have an extra $15,000 for kitchen improvements and she will be charged an interest rate of 3.50%
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