Refinance, renovate,
or consolidate debt?
Simple Process
Whole Market Advice
We Do All The Donkey Work
Looking at Refinancing?
Getting the right structure to your current loans is the main benefit of having a broker. A lot of banks will want you to pay off your loan over the max term that is possible- why? Its pretty simple the longer you take to pay off your mortgage then the more money you will have to pay back.
I am a firm believer that the quicker you pay of your mortgage the better for you. This has been a huge part of how I have a nice portfolio off assets and not having a large 30 year mortgage.
Renovate
Everyone wants to make some changes to their house and it can be a very daunting experience and not to mention a very expensive exercise. There are so many things to consider from council approval to what type of insulation is required, which having a great builder is key. But these builders are not cheap and unless you have saved a lot or won lotto, you will be looking to draw some capital (cash) off your house.
Banks love you adding value to your house, but you need to literally present a business case with spreadsheets and costings, which can be hard for some people. This is where I can help in presenting the right information in the right structure to make sure the bank will lend you the cash to make your dream home. I have recently just gone through this process and changing my 70’s house to something that actually looks like a normal house, with insulation and heating.
Consolidate Debt
Spent too much on the kids for Christmas? Spent a bit much on that holiday? Struggling to pay off the loans with high interest rates, then debt consolidation could take off some of the pressure and allow you to free up some of the cash.
Having a lot of different credit cards, store accounts and small loans can be very stressful and costly. If you have a home loan there may be some options to roll your current debt into one big loan, and pay a lot less in interest, and only one provider.
