Looking to refinance your loan?
Things change, and chances are since you got your home loan interest rates may have moved, and life has too. Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees and charges? Chances are the market has changed too. New products designed to attract borrowers are always being introduced, and lending appetites are an ever moving feast.
4 Reasons why people pay too much on their loan.
You may be one of many Australians paying too much for your assets which is not only costing you money but preventing you from taking other opportunities to increase your wealth.
Here are 4 reasons why people pay too much…
Lenders often rely on their customers being lazy. Never asking for a rate review, or having lots of extra fees that can mount up (do you even know what the comparison rate of your loans are?), can cost you thousands over time. Car loans are a classic trap with interest rates and fees above 10% that too many people go into because it’s just “easy” to do the finance there and then.
Not all debt is equal! We’ll have a chat about good debt and bad debt. We want your finances structured so that they’re serving you and helping to grow your wealth. If you’ve nearly paid your house off, you might be a great candidate for being able to use that equity to buy an investment property.
We’ll speak with your accountant to make sure you’re positioned so that the loans you have are effective from a taxation perspective. Just one example is making sure that you’re not paying a premium for things such as salary packaging a car – people often think it’s saving them money, but that’s often not the case when you look at the bigger picture.
There really are a lot of factors to consider when we position your lending so that loans can leverage off each other. We can even plan your next set of finance before you’ve even found your next investment. That way you know what to keep an eye out for and have an idea of what you can afford.
IT NEVER HURTS TO GET EXPERT ADVICE
It’s not just about getting the best interest rate, it’s about making sure all of your finance is working together, to allow you the freedom to do what you want to do today, tomorrow, and well into the future.
We will call you as soon as we can to chat about what you are looking for and how we can help you get there. Nothing formal just a good old fashioned conversation.