Refinancing Your Home Loan
Loan refinancing can save you thousands and help you pay off your mortgage quicker. At Inovayt, we help you find the best option at every stage of loan refinancing, from debt consolidation to securing a better interest rate.
When was the last time you reviewed your mortgage?
If your answer was more than two years ago, you may be paying too much. Your home loan should not be something you ‘set and forget’. We encourage our clients to refinance their home loan when the time is right or to consolidate their debt if the circumstances allow.
Our refinancing calculator can help you discover the benefits of refinancing, and potential savings.
Refinancing Your Home Loan
Reviewing your mortgage often ends up in the ‘too-hard’ basket, but with our support, it’s really not that hard. If you don’t take the time to review it, you may be missing out on some great savings.
You should be looking to review your home loan every two years or in any of the following circumstances:
- You’re offered a pay rise or a new job
- You have lost your job
- You begin growing your family
- Your children begin to support themselves financially
- Increasing or decreasing property values
- At the end of a fixed rate period
- Interest rates change
We want to help you find the best mortgage or home loan refinancing option for your individual needs.
Debt consolidation
Consolidating your debt can be a successful strategy to free up your monthly cash flow and tackle the debt in one neatly wrapped-up recurring payment. Secondly, consolidating your high-interest personal debt at a low-interest home loan rate can aid with tackling your debt, as less of the overall monthly payment will go to interest.
What our clients say
Better interest rate
Saving money on your monthly interest is the surest way to repay your home loan sooner as an owner-occupier. Maintaining your monthly principal and interest (P&I) repayment and reducing your monthly interest charge is a proven strategy to accelerate your debt reduction.
You can improve cash flow on your investment property with Interest Only repayments by reducing your interest rate.
Features
Make your money work harder for you with loan features such as an offset account, redraw facility and extra repayments. These features and various strategies on the best way to manage your money can help you pay your loan off sooner, and avoid a large chunk of interest over the course of the loan.
Restructuring debt
Refinancing can be a great way to restructure existing debt related to events such as changing title ownership, divorce, property transfer, and tax advice.
Latest Blogs
