WANTING A BETTER DEAL
Wanting a better deal - Our Advice Will SAVE You Thousands!
Are you paying too much? Have you asked yourself that question lately?
Is the home loan you took out 3, 4, 5 or more years ago still what's best for you and helping you to meet the goal of owner you home sooner?
What about personal loans or the dreaded credit cards, do you still owe the same amount today that you owned when you purchase the car, lounge or took that holiday?
Unique Finance and Property Solutions provides a quick, easy and obligation free service that allows you to compare your current loan against the hundreds available from our panel of lenders plus help you analyse what savings could be made by consolidating all of your debts into one loan.
Imagine saving hundreds of dollars per month on your home loan or reducing your repayments each month. Would that make things easier?
Reasons to Refinance
There are many reasons to refinance your mortgage. The top five are:
- Take advantage of lower interest rates
You may be paying too much interest on your home mortgage or investment property loan. This may be because the interest rates may have gone down reduced, your income has increased, your credit rating has improved or you can afford a bigger down payment. Refinancing can help you lower your monthly repayments and/or reduce the term of your loan.
- Change the term of the loan
If you currently have a 30-year loan, you may be able to pay off the loan sooner and save thousands of dollars in interest by refinancing to a 10-, 15- or 20-year loan. Also, if the refinancing rate is lower, and you make the same monthly repayment, the equity in your home will build up faster, because more of your payment will be going towards the principal.
- Consolidate debts
Home Loan interest rates are generally lower than the interest rates charged on your credit cards or personal loans. By consolidating all your debts with your home mortgage, you could save thousands of dollars in interest, fees and charges, while reducing the amount you pay each month in repayments.
- Change the type of mortgage
You may want to change from an adjustable-rate mortgage to a fixed-rate mortgage, which provides the security of knowing what the repayments will be for the life of the loan. But if you don't plan on keeping your house for at least five years, you may want to consider an adjustable-rate mortgage, which normally offers a lower interest rate during the first few years of the loan.
- Obtain cash from the equity built up in your home
You may need cash for a major purchase, home improvements, a dream vacation or sending your kids to college. Whatever the reason, by refinancing for an amount higher than your current principal balance, you can obtain the cash from the equity built up in your home.
Why not call us now so you can start saving money today.
You can save thousands by switching to a more appropriate loan.
Savings made as a result of lower interest rates and low or no monthly fees can be sizeable. When these savings are added to your repayments, they can cut years off your home loan and save you a considerable amount. An example of this is: A loan of $400,000 at 6.75% has yearly interest of $27,000
The same loan with a 0.50% reduction in the rate has yearly interest of $25,992 saving you $1,008 per year and 3 years off the term of the loan.
Imagine owning your home 3 years sooner!
You don't need to shop around.
Unique Finance and Property Solutions will do the analysis of your current loan then provide you with a detailed solution on how to save on interest and fees, reduce your repayments to increase your cashflow or help you get back on track to owning your home sooner.
Our credit advice process has been specially designed to show you the benefits of refinancing your current loan or consolidating your debts. Read more about how we work at Our Process or Contact Us now to arrange a consultation with one of our experienced Credit Advisers.