HOW do I get the best refinance rates?You may wish to change from your current lender if you are not entirely satisfied with their service or your circumstances have changed. You may just want to change because you reckon you get a better deal somewhere else.
You want to make sure you get the best refinance rates possible and we can help you figure out if changing lenders is the best way to achieve this.
What will it cost to refinance?
There is no simple answer to this question. Changing loans can attract a range of fees such as:
The best thing you can do if you want to refinance is get in touch with one of our expert loan planners. We will take you through all of your options and make sure your refinance rates don’t exceed your current rates with any hidden or confusing costs.
- stamp duty
- application fees
- document preparation
- settlement and legal fees
- valuation fees
- exit fees
Only refinance if it is in your best interest
A general rule of thumb is that the best and cheapest loan is the one you can pay off in the least amount of time. Refinancing might buy you a few extra options in the short term but make sure it doesn’t come at the expense of your long term interest rate.
The longer you take to pay off a loan, the more interest you will pay. Don’t give away unnecessary money to lenders – talk to us about the best refinancing scenario for you.
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