Refinancing Tips

Given it is only a few weeks until Christmas, a time when spending is characteristically high, we thought it was worth touching on the benefits of refinancing. We are currently seeing the release of some very competitively priced home and investment loan products, applying to both variable interest loans as well as fixed interest loans. With the market being fairly quiet currently, lenders/banks are dropping rates in an attempt to secure your business. It is certainly worth conducting a quick review, to see potentially how much interest you could be saving. We regularly save clients thousands of dollars per year, through refinancing. Ultimately it means more money in your back pocket, enabling you to pay off your loan significantly faster, and freeing up cash-flow. Fixed rates in particular are very well priced currently. It’s not unusual for three years and five years fixed rates to be priced in the mid to high 3% range. There are costs to refinance (although nowadays these
are fairly minimal), and we always look at the benefit versus the expense, when deciding whether to recommend refinance. Please don’t hesitate to get in touch if you feel you would benefit from our services. We don’t charge a fee – as we are paid a commission by the bank of your choice, if you choose to proceed. We would be happy to present you with a no obligation report detailing the potential saving versus the cost. I can be reached at any time – 0411 447 881 or mark@monarkfinancebrokers.com.au’

M 0411 447 881  P (08) 9437 3168 F (08) 9437 3168

www.monarkfinancebrokers.com.au