Refinancing and Debt Consolidation
For whatever reason you have decided to look around and switch banks to refinance your current home loan, we will speak to your current lender and give them the chance to bring their best offer to the table. We will go to the market and get the best outcome that ‘fits’ your current needs. Most people also have Credit Cards and Store Cards where they are paying high amounts in interest. We can help through exploring ways to top up your mortgage and simplify your payments.
How we will work together.
Will refinancing my mortgage cost me anything?
Our advice comes at no cost to you. Some lenders may charge break fees or costs to move your loan, which we outline clearly before you decide.
What's the difference between refinancing and debt consolidation?
Refinancing means switching your home loan to a new lender or structure. Debt consolidation means combining other debts, such as credit cards, into your mortgage to simplify repayments.
Can I consolidate credit card or store card debt into my home loan?
Yes, in many cases. We look at whether topping up your mortgage to clear high-interest debt makes financial sense for you.
Will refinancing affect my credit score?
Refinancing itself doesn't damage your credit score. We guide you through the process so it's handled correctly.
How much could I save by refinancing?
Savings depend on your current rate, loan structure, and other debts. We assess your specific situation and show you the numbers.
When is the right time to refinance?
Common triggers include your fixed rate expiring, a change in income, or high-interest debt building up. We can tell you if now is the right time for your situation.
With you from the start
Whether you are buying your first home, increasing the scope of your property portfolio, or refinancing, the team at The Mortgage Hub are here to help.