Reducing Payments or Making Use of Your Equity
As interest rates fluctuate and new financial products enter the market it makes sense to regularly look at your options with regard to refinancing. Nexus can assist with refinancing your home loan and help you save thousands in repayments every year.
When you refinance a loan you effectively pay out your existing mortgage and take out a new home loan, either with your current lender or with a new one offering better terms and conditions.
You can use refinancing for a number of things as your needs and circumstances change. Renovations or extensions to accommodate a growing family or just to improve your financial outlook with more money going into your pocket each month instead of your lender’s.
Reasons to consider refinancing
- Paying down your mortgage faster
- Lower Interest rates and repayments
- More flexibility (redraw facility, linked credit card etc)
- Making use of equity for investing or renovating
- Debt consolidation
The Nexus team will assist you by comparing interest rates with more than 30 lenders and hundreds of financial products.