At Crest Lending we like to ask when was the last time you reviewed your home loan? Why do we ask this? There are loads of reasons why it’s important to regularly evaluate your mortgage to ensure you’re still receiving a competitive loan that works for you not against you – especially with the recent increase of the official cash rate by 25 basis points to 0.35 per cent.
Your home loan can sometimes be overlooked especially when payments are made automatically and they might not be at the top of your priority list.
Aside from being able to potentially get a better offer, you may benefit from loan features such as an offset account that can help manage your interest and let you achieve your homeownership goals sooner.
Home Loan Review Checklist
Have there been interest rate changes since you got your home loan?
Is a fixed rate term in your home loan about to end, or recently ended?
Would you like to purchase an investment property?
Are your family circumstances changing?
Are you planning to renovate?
Are you thinking of moving?
Do you want to access your home’s equity?
Do you struggle to pay debts from credit cards, mortgages, and personal loans?
Do you have multiple loans and credit cards with various providers?
At Crest, we ask when was the last time you reviewed your home loan? Well, If you answered ‘yes’ to any of these questions, it’s time to speak to Crest Lending’s Finance Broker about refinancing your home loan.
Dion Kim is our finance broker here at Crest Lending and he can help compare the market and find you the right loan for your specific needs. We have access to a wide variety of lenders, with everything from the big banks to smaller niche lenders. If you’re looking to review your home loan or any other lending needs you may have, Get in contact today