Switching loans isn’t difficult, and if the move is profitable there is no reason to hesitate. At Mortgage House, we provide online tools, including a Switching Mortgage Calculator, along with personal guidance to assist you in making the right financial decisions. Our resources are simple to use, providing you with a clear picture of your present mortgage and potential for financial improvement.

If you are inspired to transfer to a different mortgage product, it’s time to have a chat with a Mortgage House expert. We are alert to all opportunities, having access to the best rates as offered by all major banks and lenders, and can clearly outline exactly how much money you will save by switching your mortgage. Areas investigated include:

• Loan terms and conditions
• Mortgage loan maturity date
• Interest rates
• Loan termination or change fees
• Repayment frequency
• Home equity and assets
• Your current lender

Switching loans usually includes bank fees and charges, so your Mortgage House Lending Specialist will help you determine if the costs are offset by incentives that can make switching your mortgage a profitable move.

Our Switching Mortgage Calculator is simple to use. Enter your information into the fields provided, including property value, loan amount, termination fee and repayment schedule. The results are displayed in a handy graph, allowing you to see exactly how much money you will save with the assistance of Mortgage House.

Although not meant to replace the advice of qualified and professional Mortgage House lenders, the switching mortgage calculator is a useful guideline tool for estimating savings. If you are dissatisfied with your present loan terms, conditions, or the service provided by your lender, it’s worth periodically checking out your potential for change by using our switching mortgage calculator.

If you have been a homeowner for some years, there is potential for savings by locking in a lower interest rate. You may have accrued equity and are considering renovation, investment potential or expanding your real estate portfolio in other ways. In every situation, the switching mortgage calculator will assist you in making the right move. Remember to verify your findings with a Mortgage House professional who can assist with all paperwork and negotiate the best deal on your behalf.

The switching mortgage calculator provides important repayment information. The associated graph transforms your accurate details into a visible snapshot displaying immediate savings and long-term benefits over the duration of your loan. The switching mortgage calculator indicates potential for better home loan repayment rates in several ways:

• Current loan repayments
• New loan repayments
• Current loan total payable
• New loan total payable
• Regular repayment savings
• Total repayment savings

Contact Mortgage House if you are inspired by the potential for lower mortgage repayments and a shorter mortgage time-frame.

The opportunity to make weekly, fortnightly or monthly repayments are more than a convenience. Your repayment schedule can save you thousands of dollars and cut years off the duration of your loan, so it’s worth toggling with the different switching mortgage calculator options to see what mortgage repayment schedule best suits you.

For example, by making fortnightly repayments instead of monthly repayments you will make one extra repayment per year. It doesn’t seem like a lot, but over the lifetime of your loan you will save thousands and finish repayments years ahead of your original expectations. Mortgage House offers lots of strategies to help you smarten up your mortgage product and make your money work for you, so contact us today.

When structured correctly, your loan and finances should work for you to save even more money. Purchasing a house is the largest investment most Australians make, but getting it right first time doesn’t need to be an anxious make-or-break experience. At Mortgage House, we provide a huge range of loan repayment calculator options to personalise the experience.

Your ability to hone in on the perfect loan product is easy at Mortgage House. Explore our different loan calculator options for greater clarity and a stronger partnership with your Mortgage House Lending Specialist, who can then guide you through the next steps with knowledge and experience. Try out some of our mortgage calculators.

Find out how much your repayments will be along with the interest you will pay over the life of your loan with the mortgage repayment calculator.

Understand your borrowing power and access a suitable mortgage product according to your income and expenses with the borrowing calculator.

Keep on track while saving, making repayments and balancing everyday finances with the handy budget planner calculator.

It’s easy to compare the wide variety of Mortgage House loan options and ensure you get the best deal with the best rate mortgage calculator.

Find out your total estimated cost of stamp duty plus a breakdown of all associated fees with the stamp duty calculator.

At Mortgage House, we understand the importance you place on your home and your finances, so we deliver tools and solutions that allow you to control finances your way. Getting the best deal is easy when you are backed by the knowledge and expertise of Australia’s favourite lender, Mortgage House.

It’s worth keeping up to date with financial changes that can affect your mortgage repayments. The Australian Reserve Bank and Lenders periodically review interest rates, and small fluctuations can make a big difference on your regular repayments. Knowing when to change to a better deal is important and can save you thousands of dollars over the life of your loan.

Individual finances also fluctuate over the years, and you may find yourself with a windfall or a shortfall that can be bolstered by switching mortgage plans. An average home loan lasts from 20-30 years, and the few minutes invested in an appointment with your Mortgage House Lending Specialist can be the most profitable time you ever spend.

Mortgage health and overall financial health go together, with the real cost of a mortgage including your capacity to meet regular household expenses and maintain a reasonable standard of living. Your overall finances should include all aspects contained in the following chart.

There are lots of reasons why it could be a good time to switch mortgages, and if you can lower repayments while your equity continues to increase, the future is financially sound. With your home loan in good shape you will be able to take advantage of other financial opportunities or even expand your real estate portfolio.

There are usually associated costs with switching loans. Whether yours is a fixed rate, variable rate, interest-only or principal and interest loan, there are always charges included in the establishment of the loan. Some banks and lenders will penalise you for switching loans prematurely to cover their own lending position, and other conditions can apply that may affect the profitability of switching mortgages.

In every situation, your consultation with Mortgage House will determine the best way forward. Our reputation is built on the satisfaction of our clients, and we will do everything we can to make sure you become another Mortgage House success story. Mortgage negotiations are intimidating for most people, but at Mortgage House we see it as an opportunity to save you money.

If your mortgage is based on your status as an owner-occupier, there are numerous owner-occupier loan types that may be suitable for your needs. The same applies to investment loans, construction loans and other products available at Mortgage House. Comparing loans is simplified using our best rate mortgage calculator and other resources that allow you to factor in repayment options, interest rates, fees, charges and more.

Your mortgage switch may be as simple as changing from fixed interest rates to variable interest rates, or vice versa. Official cash rates go up and down over time, and if the figures add up and it’s time to make a change, your Mortgage House agent is ready to act on your behalf.

In a competitive lending marketplace, there are a lot of good deals available. However, when your major financial investment is involved, it’s important to move forward armed with knowledge. The terms, conditions and interest rates you originally lock-in will probably be favourable for a time, but it’s worth keeping in touch with Mortgage House for opportunities as your loan progresses.

New products and features are introduced with regularity by banks and lenders who strive for a competitive advantage. You may not always be alert to the changes, but your Mortgage House representative is, and can provide advice and assistance that will save you money. We are in the business of assisting all Australians with superior mortgage and home loan products, and if you are ready to make a change for the better, check out our Mortgage House deals today.

The answer to this question depends on the rates and repayments of your current loan and how far into your loan you are. It can be beneficial to change mortgage lenders as rates change frequently. Depending on your current loan structure (fixed or variable) and how much of the loan you have left to pay will affect your choice. Assessing your different options offers an array of benefits including cheaper rates and cheaper monthly repayments. Finding better rates is easy with Mortgage House’s Switching Mortgage Calculator.

If you’re asking yourself “is there a penalty for switching mortgage lenders?” The short answer is yes. Switching your mortgage can present some penalties, depending on your loan situation. Usually with some fees to pay, your switching costs can include:

• Discharge Fee/Termination of Mortgage
• Property Valuation
• Mortgage Application
• Break Costs
• LMI
• Stamp Duty
• Switching Fee
• Settlement Fee

Also known as refinancing your loan, switching your mortgage usually offers more benefits than disadvantages.

Yes you can! Read your terms and conditions to see if you’re eligible to shop around for switching mortgageoptions. With a tonne of different deals out there, it would be silly to not go looking but sometimes your current lender can offer you a new refinancing option. Depending on when you switch can depend on whether or not you have to pay an LMI. Lenders Mortgage Insurance (LMI) is usually paid if you have more than 80% left of the loan to pay off.

You can switch your mortgage to another lender fairly easily if it is agreed to in your terms & conditions. Sometimes this means lots of paperwork but the benefits can be massive. It can be a tedious process and there are switching costs involved. Even with paying Lenders Mortgage Insurance (LMI), and the like, the money you can save for a better mortgage is evident.

It usually takes around two months or four to eight weeks for completion, using our switching mortgage calculator can help you assess whether it is time to switch your mortgage to another bank.

Any home buyer is able to switch mortgage lenders at any time during the shopping process. Once this process is complete and the service has begun with repayments, the only option to change mortgages is through refinancing.

You can switch from one mortgage company to another easily to get better rates and cheaper home loan repayments. Usually if you tell your lender you are changing they can offer you a better deal and you can avoid transfer fees, LMI and other switching costs.

There are a multitude of ways to lower your mortgage rates, including opting for a larger loan, having a larger deposit, borrowing for your equity and more.

First tell your mortgage lender that you are looking for a better deal to lower your home loan repayments. They may offer you what you are seeking or say goodbye, depending on what they have on offer. After you have shopped around for a better deal to lower your home loan repayments, there can be large amounts of paperwork and switching costs to pay. Using our Switching Mortgage Calculator is a good place to start to determine whether or not it is worth switching your mortgage to another bank.

Usually yes! When it comes time for renewal, many years have probably passed and there may be a lower interest rate and maybe your income has increased so you can pay off the new mortgage sooner. Once your mortgage has reached its term, renewing is easy with a simple form to sign that is often the same length as your old mortgage. These lower interest rates also mean you can pay off your mortgage sooner. Check out our Switching Mortgage Calculator to see if its switching mortgage time.