5 Ways Your Lending Specialist Can Help You

Research is hugely important when it comes to the property market and your finances, but with so many sources of information these days, it can be hard to know what to believe and what to ignore. It can help to know someone with industry experience and expertise is on your side, and that’s what our dedicated Lending Specialists do best. We work hard to find the best solutions for your needs, so don’t hesitate to contact us!

Here are just some of the reasons to get in touch with your dedicated Lending Specialist this summer.

Get a Home Loan Health Check and refinance your mortgage

Did you know that you don’t need to change lenders to refinance to a better deal? We offer a complimentary home loan health check to review your home loan and ensure you get the best deal. If you’ve had the same home loan for a number of years, there’s a chance it’s not the most competitive deal in the current market, and you may be missing out on benefits being offered today. It’s easy to keep with the same loan for ease, but it can often be worthwhile to do a little research to ensure you’re not losing out on savings.

If you are with another lender but are looking to refinance to one of our super-low rate loans, we’ll search for the best one for your needs – whether that’s switching to get a lower rate or to add interest-saving features like an offset account to your loan.

Consolidate your debt into one manageable repayment

With a new year comes new goals, with many involving finances. If your credit card balance has crept up over the holidays and you want to consolidate it (and any others) into one easy to manage repayment per month, then we can help. Often, consolidating debt can save money in interest, and save the stress of paying off multiple bills. Download our Guide to Debt Consolidation to learn more.

Top up your loan

If you’re in need of some extra cash, you may be eligible to take out equity from your home. Discussing your financial goals with your Lending Specialist will ensure all avenues are explored – having an expert on your side is always a good idea! Alternatively, if you don’t have the equity in your home just yet, we offer personal loans should you want to pay for that big-ticket item.

Investing

If you’re looking to delve into property investment, or you want to add to your property portfolio, speaking to your Lending Specialist is a good place to start. As experts in the field, they can discuss your investment strategy with you, explaining your next best steps. You can apply online for pre-approval with confidence in just 15 minutes!

Changing loan type

In 2015, interest only loans made up almost 40% of outstanding credit in Australia, but with the risk of not being able to make repayments once loans revert to principal and interest, the rules have tightened on interest-only mortgages since 2017. From 2019 onwards, we expect to see a surge in resets of interest only loans from 2015-17 to principal and interest payments, and it’s important to find the right loan to accommodate the higher repayments you’ll make to pay off your home loan. If you are looking for a great low rate loan to reset to, speak to one of our Lending Specialists to find the best one for you!

At Mortgage House, we’re no strangers to the homeowner’s journey. It’s a long (but rewarding) one.

Contact us for information about the best options for you when it comes to your mortgage and financial strategies on 133 144, and our Lending Specialists will be happy to find you the best solution.