Enhance Your Financial Position With Refinancing

Refinancing your home loan involves updating your existing loan for a new one and in many cases, switching to a new bank. At Conveyancing Central Coast we can help with legal advice and assist you with the transfer. Unfortunately, banks rarely reward loyalty, and in many cases, customers can receive a more financially advantageous deal by making the switch to a new bank rather than negotiating with their existing one.

At Conveyancing Central Coast, we’ll work with you to understand your goals. This option may potentially open up your finances to help you secure your next property, fund your next travel adventure or save you money on your existing home loan.

Refinancing your mortgage may give you the extra funds you need to renovate your home in preparation for selling your property on the Central Coast. Whatever your reasons for refinancing, our solicitors & conveyancers are on hand to advise you.

Refinancing your mortgage can be a positive solution for a number of different reasons. Our legal and conveyancing team will consult closely with you to understand your circumstances and recommend whether it may be beneficial for you to refinance. A few common reasons to refinance include:

• Your current rate is not competitive in the market
• A major change in your financial circumstances has occurred i.e. work
• Need additional funds to renovate or invest in another property
• Need greater flexibility to easily access equity
• Switching to fixed rate to reduce risk of increases & save money
• Need to consolidate other debts i.e. credit cards

Refinancing your home loan can help you save thousands and can be a smart move depending on your current situation and your short-term and long-term financial goals. 

Refinancing your mortgage isn’t as simple as switching banks, there are a number of fees that borrowers may be subject to. At Conveyancing Central Coast, we’ll explore your options and ensure you’re aware of any hidden costs associated with refinancing. Our team will take utmost care and consideration when it comes to representing your best interests. Fees can include:

• Establishment
• Early exit
• Application
• Valuation
• Stamp duty
• Ongoing charges
• Mortgage discharge
• Mortgage registration
• Mortgage insurance
• Legal fees
• Legal disbursements

Refinancing a home loan can take between 4 to 6 weeks, potentially longer if you’re facing delays from your existing lender. Hire Conveyancing Central Coast and we’ll help you complete your documentation quickly and accurately to minimise delays and unnecessary complications. 

If you’re opting to refinance to secure funds to buy a new home on the Central Coast, speak to us today. At Conveyancing Central Coast, we offer a range of services to help prospective home buyers, sellers and business owners achieve their property goals while also saving money and time. We cut through the legal jargon and tedious processes to streamline the buying/selling process for your peace of mind and convenience.

To organise a consultation with our solicitors & conveyancers on the Central Coast, email or call us today. We’ll listen to your needs and tailor a solution to meet your requirements.