Some of the most common reasons for changing lenders are:
· Dissatisfied with your current lenders’ level of
service
· Excessive fees and/ or high interest rates
· Lack of flexibility in your current loan
· Seeing a better rate advertised by another
lender
· Debt consolidation
Refinancing a property loan can typically cost between $1000
and $4000 depending on the borrowers’ existing circumstances and the product
they choose to migrate to.
The costs of refinancing may be made up of but are not
limited to:-
· Lender Mortgage Insurance
· Application Fee
· Exit Fees
· Break Fees
· Valuation Fee
· Mortgage Registration Fees
· Extra Transfer Fees/Stamp Duty
· Legal Fees
Do you need to refinance?
Contact us @ propertyloans@realrenta.com
Marlene Liontis
Saturday, 7 March 2020
