Is your current home loan still competitive and working for you? At Beyond Broking we understand that personal circumstances change, and life can look significantly different now than it did a few years ago. Home loan products also evolve to meet the ever-changing financial landscape. That's why we recommend a regular review of your loans and interest rates, to determine if mortgage refinancing could mean paying less and saving more.
Unlocking Potential Savings
Setting and forgetting your home loan could end up costing you more than you realise. As time passes, you may find yourself paying higher interest rates than what's currently available in the market. This is where a home loan health check comes into play.
A home loan health check is your ticket to financial peace of mind. It ensures that you're still paying the lowest interest rate possible and that the structure of your loans aligns with your current lifestyle and financial goals. We recommend conducting this check at least every two years to stay on top of your mortgage game.
Our Expertise in Home Loan Health Checks
At Beyond Broking, we offer free home loan health checks, ensuring that your financial wellbeing is on track. We understand that navigating the maze of home loan options can be overwhelming. That's why we're here to simplify the process for you.
Unlock Your Equity
We assist in evaluating your available equity, which can be utilised to secure more competitive loan offers and terms.
Access To Over 50 Lenders
We give our clients greater choice, accessing more deals and therefore able to find the most competitive rates and terms.
Our broad experience in the accounting and finance field allow us to help our clients identify home loan saving opportunities.
This is the first step in determining if refinancing will be a cost-effective solution for you. How much is your property now worth versus how much you owe.
Based on your situation we then talk to our lenders and make sure you’re getting the best deal possible for your personal situation.
With over 50 lenders to choose from, we present you with the best options. It may be a simple rate negotiation with your current bank or a complete refinance with a different lender.
The correct structure of your portfolio may be the difference in saving thousands. We’ll review it and provide you with any recommendations.
We keep abreast of the latest offers available in the market to ensure you take advantage of deals or cashback offers your may be eligible for.
It is important to us that our clients remain well priced in the market all times, so we make it our responsibility to do periodic reviews on your behalf.
Our home loan health check is a quick and simple way to determine if there are more competitive offers or products available in the market that can better meet your needs, plus save you on your repayments each year. You can expect to learn:
Home loan refinancing is the process of replacing your existing mortgage with a new one, typically to secure more favourable terms such as lower interest rates, reduced monthly payments, or improved loan features.
The ideal time to refinance your home loan depends on your financial goals and the current market conditions. Common triggers include lowering interest rates, improved credit scores, changing financial circumstances, or the desire to access equity.
Yes, refinancing can potentially save you money by securing a lower interest rate, reducing monthly repayments, consolidating high-interest debt, or providing access to home equity for investments or renovations.
The documents required for home loan refinancing typically include proof of income (pay stubs, tax returns), bank statements, a credit report, and details about your existing loan. Your lender will provide a specific list based on your situation.
While refinancing can lead to long-term savings, it may involve upfront costs such as application fees, valuation fees, and legal fees. It's essential to weigh these costs against potential savings to determine if refinancing is financially beneficial for you.