There are many good reasons to consider refinancing including shopping around for a better interest rate.
Maybe your financial circumstances have changed, you want to borrow from your home equity for renovations or you are just unhappy with your existing lender. Perhaps your current mortgage no longer suits your needs & another lender can offer features & benefits that your present lender can’t.
Switching loans or lenders (or both) could be the answer but as a general rule, refinancing can also be risky, plus takes time and costs money. Be clear about why you want to refinance. To help decide the type of loan you want, list the required features and let First Chartered Capital help you do your sums to make sure you won’t be worse off in the long-term.
Your First Chartered Capital Broker can help with information & loan pre-approval to make refinancing worry free.
