Refinancing

Mortgage Refinancing in Warners Bay

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What is Refinancing?

Essentially, refinancing means paying off a loan with another loan. If you’re interested in refinancing the mortgage on your home or commercial property, the team at East Coast Finance Group can assist. Not only will we source a range of loan options, but we can also assess your existing mortgage to see if refinancing is the best course of action.

Refinancing might suit your needs if you’re looking to lower the interest rate on your existing loan, reduce your repayments or lengthen your fixed-rate period. However, it’s important to get in-depth financial advice and assistance before going forward with such a plan. The team at East Coast Finance Group can give you access to the knowledge you need.

If you’re looking to withdraw some home equity, refinancing also provides a variety of possibilities. The first thing to do is determine your reasons for refinancing and square those against your financial situation. At East Coast Finance Group, our aim is to take the guesswork out of this process—from beginning to end.

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Consolidate Your Loans

If you are paying back more than one loan, East Coast Finance Group can help you consolidate your repayments through refinancing. Considering the existing interest rates or fees associated with your loans, our team will research the options available and can determine if refinancing is the way to go. For more information, call (02) 4956 9909.

Sometimes a refinancing option can seem tempting, as it lets you bundle your debt into a single loan. However, you should first consider whether your rate will go up under refinancing. Your rate is determined by many factors, including your credit history, so it’s important to have financial professionals assess your finances before going forward with debt consolidation.

At East Coast Finance Group, we have access to a range of lenders and banks, giving us the ability to compare and assess the options available to you. Book a consultation with our team today.

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Refinancing Calculators

If you are interested in learning more about your refinancing options, use our home loan calculator below:

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The Benefits of Refinancing

Refinancing offers a range of potential benefits for debt repayment. For starters, it can lower your interest rate and reduce monthly repayments. As a result, you may be able to pay your mortgage off sooner or enjoy better loan features. As mortgages can take decades to pay off, many homeowners are unaware that better loan options now exist, and that we can assess these through refinancing.

Refinancing can also let you access equity within your property to fund other pursuits. However, there are many additional factors to consider, and East Coast Finance Group can help you navigate the many hurdles. Simply get in touch with our financial team and book a consultation in Warners Bay, Newcastle, Lake Macquarie, Maitland, Mudgee, Cardiff and surrounding areas.