Should you refinance?
Many people are paying too much interest on their mortgages but are unsure whether it is worth refinancing. Or they simply don’t want to go through all the hassle for the sake of what seems like a small saving.
The truth is that refinancing can mean significant savings in repayments.
Mortgage brokers also refinance loans for reasons other than lower interest rates: they might want to get better service for their clients, a more suitable loan structure, or a deal that is better suited to their client’s changed circumstances.
In today’s competitive mortgage market we are often able to save our clients at least half a percentage point in interest.
This can add up to tens of thousands of dollars over the life of a loan.