Many people refinance their loans in order to save money on interest and pay their loan sooner.
If there are genuine savings to be made by moving to a different lender, refinancing is certainly a smart option, however it is very important that you understand all the costs involved in changing loans, and you also need to compare the features available with each loan. It's not just about the interest rate.
Costs to consider:
Book a CFS Home Loan Health Check
It's hard to find the time to regularly check the market to compare your loan with new offers and work out whether you could save by refinancing. We can do it for you.
The CFS Home Loan Health Check reviews your loan against the market to identify genuine opportunities to save you money. We say genuine because the savings available need to be worthwhile even after you take in to account costs and fees.
We also consider the features and benefits associated with the loans to ensure refinancing does not leave you short of a specific loan feature you need.
Call CFS today on 03 9429 9775.