Reviewing your loan every few years is a good way to ensure that your loan product is still meeting your needs. Many home and investment owners fall into a pattern of making repayments without considering whether they are getting the best from their loan.
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It’s important to consider whether your circumstances are the same as when you first applied and what changes have occurred in the market i.e. rate and product. In reviewing your loan you may find that your loan product is not competitive, limits your ability to grow or no longer suits your needs.
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Refinancing can reduce the cost of borrowing and help you pay your loan off sooner.
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A good place to start is with our calculators page.
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Lifestyle changes might also require you to change the structure of your finance to take advantage of opportunities. In fact there are many reasons why you might consider refinancing your loan.
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Orange Financial can help you:
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> Get a better deal
> Access available equity for investment or other purposes
> Change your loan structure or strategy
> Consolidate other debts
> Extend your interest only period