Q2 Finance | You can get a better deal on your loan by refinancing!

When was the last time you had a home loan health check?

Regularly reviewing your home loan is essential rather than simply setting it aside and forgetting about it, especially during times of volatile interest rates. Your initial mortgage as a first-time buyer may no longer be suitable and could be costing you money. This is where the assistance of a broker becomes invaluable.

At Q2 Finance, we are dedicated to providing you with clear and comprehensive information about the advantages and potential savings associated with refinancing your home loan. Our goal is to equip you with the knowledge necessary to make informed and educated decisions.

Refinancing your home loan is possible at any time; however, it’s important to consider any associated costs as well as your long-term plans and goals.

We, at Q2 Finance, can quickly assess whether you are eligible for a better home loan than your current one. If refinancing is a viable option, we will assist you in compiling all the necessary paperwork to start saving you money.

Do not overlook the potential benefits of refinancing your home loan. By regularly reviewing your mortgage and exploring opportunities to improve your financial situation, you can make significant savings and ensure that your loan continues to align with your goals. Contact us today to discuss your refinancing options.

Your circumstances have changed

Life always changes, that’s something we’ve all experienced. If you’ve had a promotion, changed jobs, gained family members or your expenses have shifted significantly, your loan may no longer be working as hard for you to achieve your goals. If you’ve had a home loan for a few years now, it’s safe to assume your life has changed in that time.

Refinancing will allow you to ensure your home loan is still in line with your needs and goals.

Pay off your loan faster

If you’re earning more or spending a little less all around, you could look to increase your repayments or make extra to pay off your debt faster and lower the interest payable.

To access equity and purchase investments

If you purchased in an area that has experienced home value growth while you’ve been paying down your mortgage, you may have a substantial amount of equity in your home.

Equity is calculated by subtracting the remainder of your mortgage from the market value of your home, usually done through a home evaluation. Knowing you’ve got equity in place, might open doors for you to become a property investor!