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Is your fixed rate ending?
FAQ'S
Does refinancing impact my credit rating?
Refinancing can initially impact your credit rating, however this is a short term impact, and in most instances it will actually help in the long run. Refinancing can significantly lower your debt amount and/or your monthly payment, and lenders like to see both of those. Your rating will typically bounce back within a few months.
I am worried I can't refinance at all....
This is a reality for many who are coming of very low rates, and are impacted by the current economy.
The best solution is to sit down with a broker, who is not loyal to one lender and review the options available.
In many instances, a lower mortgage or a solution for refinancing is not soley based on the interest rate, there are many other costs that do add to the overall cost to service a loan. These can include, monthly fees & charges.
How long does it typically take?
In most cases we see a refinance complete and in place within 1-2 weeks.
This is dependant on the return of the need documentation, and items that your broker will request from you.
Your initial meeting to review your loan should be quite straight forward, and can usually be done in the time it takes to enjoy a cup of coffee.
All the lenders that matter
We continually review our lenders and their products to ensure our brokers and affiliate partners are able to meet our clients’ needs. Our lender panel consists of more than 20 residential and commercial lenders including major banks, regional banks, building societies, specialist lenders and mortgage originators.
