Refinancing

At Clark Pacific, we manage the entire process from application to settlement. Refinancing is generally simple and fast, but having the skills of a Broker to manage the process makes it a lot easier, especially as there is now a lot of forms and documents required for refinancing.

If you are planning to refinance your home, you may want to consider:

Consolidating some debts:

If you have enough equity in your home, it may be wise to consolidate any existing debts. If you have any personal loans or other loans at a higher interest rate, it may be cheaper to consolidate your debts into your home loan refinance.

Take Cash Out For Renovations:

If you are thinking of some renovations, it may be appropriate to co-ordinate this with your refinance. It may be possible to take some cash out after you refinance but it will mean a whole new application.

Additional Home Loans You May Have:

Many lenders give lower interest rates if you have multiple home loans. It may be time to look at your other properties to get a better deal.

Additional Costs Involved:

There may be exit costs or break costs for your existing home loan in addition to costs for the new home loan. At Orange, we give you all the costs associated with your refinance options so you can make an informed decision about whether refinancing makes sense.