A refinance should not just chase a headline rate. John reviews repayment, loan purpose, equity, fixed-rate timing, fees and whether the structure still suits your goals.
A proper refinance review looks at total cost, future plans, lender policy and whether the new loan is genuinely better for your situation.
A refinance should be checked against lender policy, total cost and the real purpose of the loan.
Lenders can treat cash out, renovations, investment deposits, business use and debt consolidation differently. The LVR, purpose and supporting evidence can change what is available.
If short-term debts are moved into a home loan, John checks the repayment benefit, total-cost trade-off, loan term, conduct history and whether the lender will accept the debts being refinanced.
Tax debt, payment plans and business liabilities can be workable with some lenders and difficult with others. The earlier the statements are reviewed, the less chance of a late surprise.
General information only. Lender policy changes often, and personal credit assistance depends on your objectives, financial situation and full assessment.
Common triggers include fixed-rate expiry, high variable rates, equity growth, renovation plans or a loan that no longer fits.
A lender application can create an enquiry, so we plan before applying rather than lodging everywhere.
Sometimes, but it needs careful structure and suitability review.