According to a recent survey, almost half of all homeowners have never refinanced their home loans. Of the 1000 people surveyed:
- 29 per cent believed they wouldnât get a better deal;
- 18 per cent didnât know where to start;
- 17 per cent believe itâs too time consuming.
With industry experts tipping that rates will rise after the 2 July federal election, itâs crucial that you consider your refinancing options.
Marg Kudla, one of the finance specialists at Custom Financial Solutions, says that savings are easy to find and the process is very simple. âWe try to make the whole process as smooth and pain free as possible,â she says. âWe review the clientâs current position and only recommend refinancing if it will benefit them.â
Marg says that there are three simple steps to refinance. They are:
- Call us.
Call Custom Financial Solutions on 9315 9343 to make an appointment with a Finance Manager.
- Supply us with necessary documentation.
Send through the necessary paperwork and your job is done.
- Relax. Weâll take it from here.
The whole process takes three to four weeks from start to finish, but only requires an hour of your time.
Want to know how much you can save by switching? Marg offers the following repayment examples* based on an average loan size of $400,000 at 4.95% and 3.99%.
The information provided above is an example only. It does not take the place of professional advice tailored to your financial situation.
All it takes is 5 minutes of your time. If Custom Financial Solutions canât improve on your current repayments, youâll receive a dinner for 2 to the value of $100.