A Mortgage and Finance Association of Australia survey shows that 88 per cent of people who changed mortgage providers when refinancing their home loan found they were better off.

Lets get to the point.

Our lending manager will explain to you every single items listed below.  

Checklist before you sign your new home loan contract:

• Will you incur any upfront fees and charges, establishment fees, legal fees or ongoing fees if you switch?
• Will you incur an early repayment or discharge penalty if you repay your loan before it was due to finish?
• Will you incur a mortgage registration fee on your new mortgage?
• Will you incur Lenders Mortgage Insurance costs?
• Will you be charged mortgage stamp duty by your state government on your new mortgage?
• What about property valuation fees, document application fees, settlement and handling fees?

Please note that other fees & charges may apply according to your old mortgage contract.

Refinancing your home loan will cost you money, sometimes you need to spend money to make money. Refinance often gives you shorter pain but longer gain. By doing your sums correctly it can bring you substantial savings over the term of your loan.