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Should you refinance for a better deal?

Should you refinance for a better deal?

Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But it’s not always the best, or the only, option.

There are many different factors borrowers need to consider when thinking about refinancing a loan.

The first step is to speak to an expert about your needs and whether you can afford to service a different loan structure.

At this point, CBM Mortgages will also need to find out about your existing loan, repayments and the structure of the facility.

The current value of the property is also taken into consideration, so the Broker will have access to current data that will indicate what the asset is worth.

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