Refinance

To refinance or not to refinance that is the question, at Future Financial we are the refinance specialists. Future Financial provides a wide range of products to suit most client’s situation and circumstances.

-          Need to consolidate your debt?

-          Want to renovate your home?

-          Need money for your child’s education?

-          Want to pay off your mortgage faster?

-          Want fewer fees, more flexibility?

-          Need money for a holiday?

-          Want to retire early?

-          Want to save $$ Thousands of dollars in Interest?

By refinancing your home loan with a Future Financial accredited introducer, they can help match the best product for your particular circumstances and we’ll take care of the changeover process. Our settlement team will contact your existing lender as part of the settlement.

What you need to know

• You might face discharge fees or exit penalties from your current lender to end your mortgage early. These fees can depend on who your loan is with and the size of your loan.

• We need the last six months of statements from your current lender showing your name, address and account number. This'll help us deal with the handover.

• We also need to do valuation on your home.

• In addition to exit and discharge fees from your current lender there are some other costs to consider when you refinance your home loan, such as Mortgage Stamp Duty, Government Registration Fees, Lender Mortgage Insurance,

The next step

Generally it's worth refinancing if, in the long term, the interest and fees that you save by switching loans is more than the exit penalties you'll have to pay.

So speak to your introducer to calculate how much you'll save with a Future Financial home loan. If it's less than your current loan, it just might be worth it.