Consider this...
The finance market has changed. Your loan might have been the cheapest loan when you started but it may be too expensive now.
The market is constantly changing. Check your loan against the market annually.
The cost of exiting your current loan and starting a new one should be balanced against any reduction in your rate.
Consolidating expensive debts like credit cards into your home loan should significantly reduce your loan repayments.
Changing to an interest only loan with optional principle payments should reduce your monthly repayments.
The amount of debts you can consolidate into your home loan varies between lenders.
If you have a bad credit rating including defaults, judgments or loan payment dishonours you should still be able to obtain a refinance loan.
Credit impaired loans are usually more expensive than a standard home loan.
If you’re refinancing your loan to borrow more money for any purpose see our section on Equity Release
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Onyx helps you to...
Do the numbers; assess the total picture of your loan refinance; don’t just do a simple rate comparison.
Find the loan that best suits your situation whether your credit history is good or poor.
Decide whether to stay with or change your loan
Arrange a loan application and approval
Manage the settlement process so your loan change-over happens quickly and smoothly.
Onyx will then...
Provide you with support after your loan settles
Regularly review your finance
Help you plan for the future whether that’s to borrow more, pay down your loan quicker, or somewhere in between.
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