Refinancing your home loan has a number of benefits. A lower interest rate or better terms could help you pay off your mortgage much faster and help you reach your financial goals sooner. But, it’s important to be aware of the shortcomings too. Take a look at what you need to look out for when refinancing your mortgage.
Deciding whether or not to refinance your mortgage is a big decision and one that requires careful consideration and understanding the risks and disadvantages To help you choose the best option for your unique situation, consult with a mortgage adviser.
We are familiar with various lenders’ policies and interest rates, and can help you find the right balance of fixed and floating interest rates. What’s more, a Mortgage Express branded mortgage adviser can run the numbers and help you make an informed choice about whether or not to refinance your mortgage.