Refi Your Loan Pty Ltd in The Rocks, Sydney | Financial service

Refi Your Loan Pty Ltd

Locality: The Rocks, Sydney

Phone: +61 1300 733 448

Address: Level 6, 234 George St 2000 The Rocks, NSW, Australia

Website: http://www.refiyourloan.com.au

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• Financial service
• Loan service
• Mortgage brokers

22.01.2022 What if the Bank says NO? Despite the record low interest rates and apparent easing of lending policies. Many consumers are finding the major banks are saying no when applying for a home loan or refinancing. Thankfully, there are many options out there for consumers with non-bank and specialist lenders with products to suit consumers who are self-employed, have too many credit cards or personal loans or have blemishes on their credit file. Comment or Message us for more details.

09.01.2022 Credit Cards and Your Home Loan... If you are thinking about getting a Home Loan or Refinancing, please take note! We have seen many of our clients facing issues with credit cards and their home loans recently...... The most common one (as mentioned earlier in "Top 3 Reasons to Refinance"), is clients having ongoing credit card debts that they cannot pay off and they come to us for assistance to consolidate their credit card debts into their home loan, which is the most cost effective way to reduce repayments and pay off the credit cards in a finite time frame. The other issues, which are less understood, are the impact of having credit cards and the effect it has on your credit rating and/or borrowing capacity. Some clients may have "accumulated" several credit cards from responding to promotions (such as Qantas Frequent flyer points on sign up or "interest free" balance transfers), and/or like the idea of having ready credit available, or they have had the limits increased over time. Having too many credit cards could affect your credit file score, especially if you have applied for several cards within a few months. Further, even if you are not using your credit cards to their limits and are paying it off regularly, the credit limits you have will affect your borrowing capacity as the bank or lender will factor in the limits in calculating your serviceability (your ability to pay back the loan). Finally, if you have credit cards, please, please, make sure you PAY ON TIME and DON'T GO OVER THE LIMIT!!! Even if you are a couple of days late in making the monthly repayments or $20 over the credit limit, it goes against you as having missed a repayment and/or going over the limit, which impacts your repayment history. We have seen clients having their home loans declined or have to pay a higher interest rate due to "less than perfect" credit card repayment history. I hope this helps you understand the impact of credit cards on your ability to get a home loan and/or refinance. If you have any specific questions, please leave a comment or message us directly.

06.01.2022 TOP 3 Reasons to Refinance... NO. 3 GET A BETTER DEAL While everyone loves to get a better deal, it might be surprising that this is not the top reason for our clients to refinance!... We think there are a couple of main reasons for this Firstly, most clients may not be aware that they can get a better deal! Secondly, with all the changes in the market, and just the banking environment in general, it just sounds too hard to refinance, so most people just leave their Mortgage alone and continue to pay at whatever rate they are given. An existing bank or lender are not going to proactively offer a better deal because they have the customer already. This is where we come into the picture as Mortgage Brokers specialising in Refinancing! We know what are the best Home Loan products and we take care of all the paperwork and hassles in the application process. Our clients reap the rewards of the savings! For example, Andrew and Sue of Wollongong, NSW, refinance their Home Loan of $560,000 which was at a rather high Specialist rate due to some past credit issues, we worked with them to find the right lender and get them back to a Prime rate Home Loan, this reduced their monthly repayments by $893! To see how we can help you get a better deal, get in touch on Messenger: Book a FREE consultation: https://m.me/RefiYourLoan?ref=take-appointment Download 6 Step Refinancing Guide: https://m.me/RefiYourLoan?ref=6-step-guide Start a FREE Refinancing Assessment Online: https://m.me/RefiYourLoan?ref=refi-assessment-2