Refinancing

Today's mortgage market is arguably as competitive as it has ever been. Lenders are aggressively targeting good quality customers with incentives to such as interest rate discounts, waived application fees, and more flexible product facilities.(some banks are even offering customers rebated commission to cover break cost associated with leaving their existing Lender)

Combine this with increasing equity in your home, and you may find you are in a very strong position to review the service you are currently receiving. Ask yourself this:-

• am I happy with the service I receive from my current lender
• is their rate and loan structure the most competitive in the marketplace
• do I need all the loan facilities I am paying for
• by restructuring my loan could I pay my loan out sooner
• am I paying to much in Bank fees and charges

Remember, you shouldn't refinance just for the sake of it, or some flash salesperson suggested you should. You need to make sure you switch loans/ and or lenders for the right reasons