Re-finance
Reviewing your mortgage arrangements can save you money, giving you cash to spend on projects closer to your heart - renovations, investment property for the future and other purchases.
It's easy to just roll your mortgage onto another fixed term but it may not be the best decision financially. By contacting a Lending Pad Mortgage Adviser, they can work out what is the best solution for you. They can negotiate with your current mortgage provider to ensure that you are getting the best deal from them and if their best deal, is not as good as another bank, they will help you change.
It's all about saving you money in the easiest way. So what's the process...
- Talk
Have a meeting with a Lending Pad Mortgage Adviser and if you are a new client, give them permission to speak to your current mortgage provider on your behalf. - Establish costs versus benefits
Your Mortgage Adviser will establish costs, if any, of changing your mortgage. Find out the best deal they can negotiate for you and then work out what is the best financial decision for you. Sometimes it may be best to stay with your current provider and other times it makes total financial sense to change. You only know if you check. - If it is better for you to stay with your current bank, then the advice will be to stay and your Mortgage Adviser will contact you again in the future when your mortgage arrangements need to be assessed again.
- Potential Savings
If you can save money by changing your loan, you will receive advice on how to structure your future loans to save even more money and reduce the overall term of your mortgage. There is also the opportunity to negotiate cash lump sums which you can put towards reducing your mortgage, making mortgage payments for a few months or towards something closer to your heart. - Equity in property - what next?
If you are interested in utilising the equity in your property, your Mortgage Adviser can provide you with guidance on how you can utilise this to achieve your property, wealth creation and personal goals.
Sound of interest, let's meet for a coffee