READY TO REFINANCE?
VILLA FINANCE IS YOUR SYDNEY BASED REFINANCE MORTGAGE BROKER
REFRESH YOUR RATES AND SAVE WITH VILLA FINANCE
At Villa Finance Group we offer refinance brokering for clients in Sydney’s North Shore and Australia-wide.
Our committed team of finance veterans achieve outcomes for all types of clients, walking you through the process so you don’t find yourself overwhelmed with refinancing options.
After contact we examine your situation, returning only with the best solution for your circumstances.
We present our findings in an easy to understand format and describe the pros and cons of each option without needless industry jargon.
Note that we do not always suggest refinancing. In fact, sometimes refinancing will put you in a worse position than you were before.
For example, if you already have the best option for your circumstances and refinance anyway, you will trigger the closing costs on your existing loan to take out a near identical one - this doesn’t benefit anyone except the bank.
Is Refinancing Right For You?
THINKING OF REFINANCING?
Refinancing isn’t a new concept but it certainly makes the media cycle every few years when there’s movement in the real estate market or interest rates. The process is straightforward, we take out a new loan better suited to your current circumstances and use it to pay off your old one.
During this process we employ our industry expertise and expansive network of lenders to negotiate the best rate possible. A new loan can open up a world of possibilities: A family holiday that’s 4 years overdue, renovations to make your current home your dream one or maybe just some more flexibility so you spend stress-free.
Whatever the ‘why’, Villa Finance Group has the ‘how’.
READY TO REFINANCE?
If you think you’re paying too much on your current loan, are in need of more flexibility, or would like to learn more about your options, get in touch and we can assess your situation and offer our professional opinion.
Provide some details about where you are and where you’re going and we will help you get there!
Note that we do not always suggest refinancing. In fact, sometimes refinancing will put you in a worse position than you were before.
For example, if you already have the best option for your circumstances and refinance anyway, you will trigger the closing costs on your existing loan to take out a near identical one - this doesn’t benefit anyone except the bank.
Is Refinancing Right For You?
WHY SHOULD YOU REFINANCE?
Lower Interest Rates
If interest rates have decreased since your mortgage was initially taken out, refinancing can help you secure a new loan with a lower rate. This can reduce your monthly repayments and the overall cost of the loan.
Reduced Monthly Repayments
Refinancing can reduce the amount you pay each month, provided you’ve refinanced with a lower interest rate. This can however extend your loan term, spreading out your remaining balance over a longer period. It’s important to consider if smaller loan payments with a longer loan term is the more manageable option.
Cash Out Refinancing: Access Your Homes Equity
Cash out refinancing allows you to convert your accumulated home equity into cash. A new mortgage is taken out that is more than your current mortgage balance, with the difference being paid to you in cash. This refinancing option can be used for home renovations, debt consolidation, a new car, a holiday, or any other more immediate expense.
Shorter Loan Term
Refinancing can allow you to shorten your loan term, such as moving a 30 year mortgage to a 20 year mortgage. While this refinancing option will save you on interest over the life of the loan, it will also increase monthly repayments.
Improved Credit Score
If your credit score has improved substantially since obtaining your current mortgage, you may now qualify for a lower interest rate. This can mean your monthly repayments will be less.
From A Fixed To Adjustable Rate Mortgage (ARM)
If you believe interest rates will remain low or decrease further, you may choose to refinance to an adjustable-rate mortgage (ARM). This refinancing option will mean your interest rate will fluctuate in relation to current interest rates.
READY TO REFINANCE?
If you think you’re paying too much on your current loan, are in need of more flexibility, or would like to learn more about your options, get in touch and we can assess your situation and offer our professional opinion.
Provide some details about where you are and where you’re going and we will help you get there!