Popular Reasons to Refinance Home Loan:
At NSW Mortgage Corp, we understand that there is more than one reason people want to refinance and we believe you should benefit from being a home owner.
- Lower your monthly repayments by locking in a lower interest rate
- Reduce your repayments and pay off your mortgage sooner. Pay off high-interest debts, such as credit card debts, store card debts and personal loans at a much lower rate by consolidating them into your home loan
- Reduce the risk of rising interest rates by switching from a variable rate home loan to a fixed rate home loan – or to lock in a split rate loan to benefit either way
- Unlock money for funding expenses such as home renovations, holidays, motor vehicles, unexpected bills and weddings
- Release your home equity for a variety of purposes, including investment in property or securities (such as the share market)
- Save yourself time and money by only having to repay one loan each repayment period, instead of several