If you’ve had your mortgage for 20 years, or even 20 months, your home loan could do with a health check thanks to the growing real estate market. Brisbane homeowners are buying and selling property at record prices. Savvy homeowners are getting the best deals on their mortgage and you can, too. Do you know what a healthy home loan looks like? Please read on to learn more about what is home loan health check and a healthy home loan looks like.
Do you have the best home loan interest rate?
Home loan Interest rates are at historically low levels. If it’s been awhile since you reviewed your loan’s interest rates – or if you’ve never looked at them since you started paying off your mortgage – your home loan could be working harder for you!
Your lender will communicate if your personal interest rate rises or falls, resulting in a change in your repayment amount. But, they won’t reveal if that is the best rate they have on offer to you. They certainly won’t let you know if a competitor has a better rate, either.
You can easily improve the health of your home loan with a quick review of your home loan interest rate. An experienced Brisbane mortgage broker will do the hard work for you and advise if your rate is healthy. They are also experts at securing the best deal available that matches your personal financial circumstances.
Do you have the right home loan features for you?
If you’ve had your mortgage for years, it could do with a Home Loan Health Check to ensure you have all the right features for your current lifestyle. You might have opted for a basic home loan package when you were just starting out but now you’ve built up some cash savings that could work for you in an offset account.
Or, maybe now you are in a position to make some additional repayments to pay your loan down faster but your mortgage has fees for that. There are home loan products available that let you do that for free.
You may be paying an annual fee for features you simply don’t need. Mortgage brokers in West End QLD work in your best interest to ensure your home loan works for you. As your circumstances change, and as the market changes, it’s a good idea to make sure your loan is as healthy as it could be.
A good mortgage broker West End, QLD will assess your current loan, your personal situation as well as your goals and compare home loan features on offer in the market to match you with a better product if needed.
I need better home loan features!
Are you actively managing your home loan?
How often do you check your repayment amount, interest rate and home loan statements? How often do you research all the interest rates available? If you answered not often, or never, you are not alone! Brisbane homeowners are busy doing life, just as it should be. But it also means your home loan might be a bit neglected and a little unhealthy.
We love helping our clients save money. We don’t just stop at helping you refinance, renegotiate or settle a home loan in the first place. We also help our clients negotiate better deals throughout the life of their loans. Whether it is liaising with your current lender or helping you move to a new lender with a better home loan offer, we can manage your home loan for you, without any stress on you.
Is your home loan in need of a health check? Talk to us today and access the best home loan advice in Brisbane.
Get your home loan health check
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