Elkins Finance are based in Melbourne, with offices in Blackburn, but fully mobile and flexible to suit you. Call 1300 355 467 or use the contact us form to request we contact you.
Why might you consider refinancing?
The most common reason for people to refinance their home loan is to get a better deal but you need to consider fees and be sure that in refinancing that you’ll be better off in the long run after taking into account all costs.
Depending on your situation we have Home Loans commencing from 3.69% with a comparison rate of 3.69%
Investment rates are from 3.94% with a comparison rate of 3.94%
How does your current loan compare?
Many people only discover the full details about their home loan when it’s too late. They try to do something and get told that either they can’t do it, or they will incur a hefty charge if they do. So many people refinance their home loan to give themselves increased flexibility.
If you carry out renovations, it often makes sense to refinance your home loan and take out a construction loan so you only pay interest as building progresses. Once construction is over, it might make sense to refinance your home loan again so that you consolidate the total amount you owe into a loan that minimises your interest bill, while giving you a degree of liquidity.
Over recent years in the property market houses have appreciated at a significant rate. Refinancing your mortgage with a home equity loan might let you tap into that extra equity.
Some people find that on top of their home loan, other financial commitments put a strain on their household cashflow. If you’re under financial stress, consolidating and refinancing your loans can reduce your overall commitments and make your finances more manageable.
Contact us for more information or to make an appointment