You are here: Lending for individuals
> Refinancing your loan
When refinancing from one lender to another it is essentially the same
as if you were applying for a new loan. Even if you are refinancing with
your current lender they will want to confirm details such as your current
income etc. For a more concise summary of what you will need please refer
to our section Information You will need to Obtain
Your Loan.
|
Given it is difficult to keep up with the new options
and products in the market we thoroughly recommend you take the
time to speak to a Creative Finance Consultant about your situation!
|
Why Refinance?
There are many reasons you should consider refinancing your loan including:
- Refinancing to a more competitive interest rate
- Moving to a more flexible product that allows you to manage your finances
more appropriately
- To access equity in your property that has been created over time for
wealth creation or planning needs
It is important to remember that like most markets mortgage lending is
becoming increasingly competitive with new products offering greater flexibility
and more competitive interest rates becoming available over time.
|
Remember – as a rule of thumb it is generally
worth reviewing your mortgage at least every 3 to 5 years. A Creative
Finance consultant is available to talk to you about your situation
and the new products available.
|
|
