Explore your finance options

In the hustle and bustle of daily life, it is easy to overlook tasks that seem minor but can have a significant impact on our finances. One such task is refinancing your mortgage. Taking just minutes to explore this option can potentially save you thousands of dollars over the life of your loan. Here is why making the call to Easiloans could be one of the smartest financial moves you make this year.

Why Refinance?

Refinancing involves replacing your current mortgage with a new one, ideally with better terms. This can result in lower monthly payments, reduced interest rates, or a shorter loan term. Here are some key benefits:

1. Lower Interest Rates: Interest rates fluctuate over time. If rates have dropped since you took out your mortgage, refinancing could lower your interest rate, which translates into substantial savings.
2. Reduced Monthly Repayments: A lower interest rate or extending the loan term can reduce your monthly mortgage repayments, freeing up cash for other expenses or investments.
3. Shorten Loan Term: If you can afford higher monthly repayments, refinancing to a shorter loan term can save you thousands in interest and help you pay off your mortgage sooner.
4. Access Home Equity: Refinancing can allow you to tap into your home’s equity, providing funds for home improvements, debt consolidation, or other financial needs.
5. Buy Another Investment Property: If you have owned a property for 2-3 years or more, you have most likely seen a significant increase in equity. This equity can be used as a deposit for a new property, helping you expand your investment portfolio.

Why Choose Easiloans?

Choosing the right partner for your refinancing journey is crucial. Here’s why Easiloans stands out:

1. Expert Guidance: Easiloans Finance offers expert financial advice tailored to your specific needs. Their experienced brokers understand the market and can help you navigate the complexities of refinancing.
2. Competitive Rates: As a well-established mortgage broker, Easiloans has access to a wide range of lenders and can secure competitive rates that might not be available through direct lenders.
3. Personalised Service: Easiloans provides a personalised approach, ensuring that you get the best possible terms for your refinancing. They work closely with you to understand your financial situation and goals.
4. Hassle-Free Process: Refinancing can be daunting, but Easiloans Finance makes it simple and stress-free. They handle the paperwork and negotiations, saving you time and effort.
5. No Cost Mortgage Review: There is no cost to you for the mortgage review service. Easiloans Finance will evaluate your current mortgage and provide options without any upfront fees, making it a risk-free opportunity to potentially save thousands.

When to Refinance?

Timing is crucial. Here are some situations when refinancing makes sense:

• Interest Rates Drop: If current rates are at least 1% lower than your existing mortgage rate, it is worth considering.
• Improved Credit Score: A higher credit score since you first took out your mortgage can qualify you for better rates.
• Increased Equity: If your home’s value has increased and your equity has grown, you might qualify for better interest rates. This is known as "rate for risk"—the lower the Loan-to-Value Ratio (LVR), the cheaper the rate.
• Financial Changes: If your financial situation has improved, you might qualify for a loan with better terms.

How to Refinance with Easiloans?

1. Check Your Credit: Ensure your credit score is in good shape to qualify for the best rates.
2. Consult Easiloans: Contact Easiloans to discuss your refinancing options and get expert advice.
3. Compare Offers: Easiloans Finance will help you compare offers from multiple lenders to find the best terms.
4. Calculate Costs: Consider the costs associated with refinancing, such as discharge costs and fees. Ensure the savings outweigh these expenses.
5. Submit Application: Complete the application process with the help of Easiloans Finance, ensuring all necessary documents are in order.

The Bottom Line

Refinancing your mortgage might seem like a hassle, but the potential savings make it worth the effort. A simple phone call to Easiloans can set the process in motion. Spend 10 minutes to enquire about refinancing options—you could end up saving thousands of dollars in the long run. Do not let this opportunity pass you by.

Make the call today and take control of your financial future with Easiloans.