Home Loan Health Check

An evaluation of your home loan at no cost can help you assess if your existing mortgage is optimal for your situation, giving you the knowledge you need to decide if you should pursue a loan with better features or a more competitive interest rate.

What makes a mortgage health check useful?

Review your current mortgage rate: In the current economic landscape, it’s unwise for homeowners to assume their mortgage is the most economical choice. A lower interest rate that fits your financial circumstances can lead to significant savings.

Opportunities for refinancing:

Refinancing might secure you a lower interest rate than you’re currently paying, which could result in decreased monthly payments and less interest paid over the life of your mortgage. However, refinancing can involve additional costs, so it’s essential to weigh the benefits carefully before making a decision.

Choosing between fixed and variable rates or altering the term of your loan:

The financial environment may make fixed rates seem attractive, but it’s important to comprehend the differences between fixed and variable rates to make the most beneficial decision for your finances.

Investigating better loan options:

A lower rate is not the sole objective. As your financial needs change, you might seek loan features that align more closely with your current circumstances. Switching lenders could mean avoiding extra costs or finding a loan that better suits your needs. Remember, discussing your options with us doesn’t commit you to change lenders. We only recommend a switch if it offers a financial benefit to you.

Get in touch with Chris Lee today from Funding Finance, servicing Queensland’s Gold Coast to schedule your complimentary home loan health check.