What is refinancing? Money Chat Mortgage Choice

What is refinancing? Money Chat Mortgage Choice. Mortgage & Types of Mortgages - Explained in Hindi

What is refinancing? Money Chat Mortgage Choice video duration 1 Minute(s) 13 Second(s), published by Mortgage Choice on 24 01 2018 - 00:12:38.

Refinancing refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender One of the 5 key metrics to monitor if you're looking to increase your profitability in mortgage lending is your Pull Through rate
An astronomical 60% of loan .

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Refinancing refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender.

You could get a lower interest rate and reduce your monthly repayments or you could fix your rate for a certain period, and have the security of fixed monthly repayments.

You could access the equity in your home and take the opportunity to build additional wealth by buying an investment property or renovating.

Refinancing can provide you with an opportunity to streamline your borrowings, through consolidating all your debts into one lower rate and potentially reducing your overall monthly repayments.

If you would like to refinance your loan or even get a ‘Home Loan Health Check’ your broker can compare hundreds of loan options from our wide panel of lenders, including the major banks.

This saves you time and our service comes at no cost to you.
Once you have settled on a particular loan, your Mortgage Choice broker can guide you through the process, to ensure its the right loan for you.

You might also be interested in:
- https://www.mortgagechoice.com.au/home-loans/refinancing/