Life changes and so should your mortgage. Refinancing can offer numerous benefits, including securing a lower interest rates and lower periodic payments, switching banks to better align with your needs, accessing funds for renovations, or leveraging your equity.

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You can make refinancing your mortgage super power!

Find a more competitive interest rate
One of the most common reasons you may wish to look at your home loan is to secure a more competitive interest rate. With a lower interest rate you could lower your monthly repayments without altering the amount of interest you pay over the term of your loan, or maintain your repayments but pay your loan off sooner.

Access equity
If you need additional funds for renovations or another purchase, you may be able to use the equity built up in your property.

Make use of features
Not all home loans are equal – some come with features attached that may be useful for some borrowers. Some offer offset accounts or a redraw facility that can enable you to put more money toward paying off the loan. This will save you in interest, but you can access it if you need it.

Consolidate debt
If you have multiple debts, such as credit cards, car loans or personal loans, it may be a good idea to consolidate them into one. This could merge repayments so you only have one and potentially get your other debts into a loan with a lower interest rate.

So, if you have decided that refinancing could be an option, we can help you by navigating the complexities of mortgage refinancing. This can be a very daunting process and one that we specialise in. With access to over 60 lenders, we will act as the brains trust between borrowers and lenders and leverage our expertise to find the most favourable terms and rates tailored to you and your needs.

We aim to make this a professional and fun process. With a solid plan you can save a significant amount of money & headaches in the long run.

It is a good idea to regularly conduct a health check on your home loan to ensure you have a competitive interest rate and are getting the most out of your features – Start your health check by clicking here

At Go Mortgage, we believe that everyone deserves the opportunity to achieve the dream of homeownership. Let us be your trusted partner on this exciting journey, and together, we will turn your dream of owning your first home into a reality.

Get in touch with us today to take the first step towards securing your future in your very own home.