Mortgage Refinance

If you have a property and are in debt or are struggling to pay your existing mortgage, refinancing your property may be an option for you.

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Reduce your repayments
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Through mortgage refinancing we may be able to package your current repayments from all your debts into one convenient payment, where you end up paying a lot less per month than what you currently are.

What is a mortgage refinance and how does it work?

A mortgage refinance is the taking out of a new mortgage on your property and using the new loan to pay out your existing mortgage.

What are the benefits of a mortgage refinance?

There are many benefits of refinancing your mortgage and these benefits may include:

• a lower interest rate or more favorable loan terms
• extend the term of your mortgage and reduce your monthly repayments
• pay off your mortgage faster
• consolidate your credit card and personal loan debts into your mortgage
• draw down funds against your property for personal expenses
  

	Why Refinance? Find out how Robert Macey could have reduced his monthly repayments by $5,331 by using a simple mortgage refinance.

Consolidating your debts through a mortgage refinance

Mortgage refinancing is often used to consolidate credit card and personal loan debt because a mortgage is available at a lower interest rate than the interest rate paid on credit cards and personal loans.

By consolidating your debts into your mortgage you only have to make one payment instead of making numerous payments. In addition, you may end up paying less per month than what you currently are. This can help some people to manage their finances more effectively.

When applying for a mortgage refinance loan

When applying for a mortgage refinance loan you need to be careful and to be fully informed. Make sure:

• You fully understand what you are doing
• The mortgage refinance loan will be of real benefit to you and not just a short term fix
• You have achieved control over your debts
• Your repayments will be reduced and not increased
• You are fully informed of the consequences of the steps you are taking
• There are no hidden costs
• You are better off as a result of the solution you have chosen

Mortgage Relief™ may be able to assist you through our relationship with lenders with a mortgage refinance loan.

If you would like to find out more about mortgage refinance call us on 1300 789 014.