Considering Refinance?

Today's competitive home lending market makes refinancing much easier than in the past and could bring you substantial savings and benefits. Many of us have had the same loan with the same lender for many years. How do we know if we are getting value for our hard earned dollar?

Switching loans or lenders or both could be the answer. However, we need to assess if we are likely to benefit from refinancing by asking ourselves, or the lender of our choice, some important questions as follows:

• Is the interest rate competitive?
• Am I paying too many bank fees?
• What are the costs involved with refinancing my loan?
• Will the savings I expect to achieve by refinancing be to my benefit in the long term?
• Am I happy with my current lender?
• Do the features of the loan meet my current needs?

How does refinancing work?

You take out a new loan and use all or part of the funds to payout your existing loan. The new loan can be provided by your existing lender or a different lender.

Why Refinance My Current Loans?

Refinancing may offer benefits such as:

• Lower interest rate
• Finance renovations of your home or another worthwhile purpose such as a motor vehicle or a holiday
• Pay off debts faster by rolling them into your home loan at a reduced interest rate
• A loan that better suits your current needs and circumstances

Where Do I Start?

You should have clear goals on what you wish to achieve by refinancing. Once your goals have been established it is time to talk to an experienced lender who will take care of the necessary paperwork to enable the refinance to be completed.

Contact our Lending Staff

If you require additional information or would like an obligation free review of your current loan simply contact our experienced lending staff at any of our branches or submit our online form.

Terms and Conditions, Fees and Charges may apply.

Products issued by Southern Cross Credit Union Ltd.

Australian Financial Services / Australian Credit License No: 241000