Best Refinance Home Loans Melbourne
Every homeowner in Australia can review their current loan to see if they are on competitive rates or if there is another lender who can provide better, cheaper rate. The other reasons you can opt for refinance home loans Melbourne is
You might be looking for better features in the loan (split loan, fixed loan, variable loan, Principal and interest or interest only)
You may want to buy another investment property and reassess the current home loan
You may want to access the equity in your current home to buy an investment house or pay off some other loan or do some renovation on your existing house.
You may want to consolidate all your loans (car loans, credit card loans etc).
Highly Qualified Loan Consultants at Your Disposal
Ultimately you want to switch to something more suitable for your needs. All the banks and lenders in the market are continually competing and hence it would be difficult to know which refinance loans in Melbourne would be the best offer for you. You would want someone who is doing this day in, day out to help you with this journey. So, at no cost to you, LIME Mortgage consultants can help you refinance and answer any questions you may have along the way.
What Is The Usual Processing Time For Refinancing?
The process involves applying for a home loan with a new lender and arranging valuation to your property so that the new lender can find out what the property is worth before they take it on and finally speaking to your existing lender and arranging the transfer of the mortgage debt. So, the length of this process can vary from bank to bank and can average to about 4 weeks. However, the speed of this can also depend on how accurately the documentation is done and hence when you deal with an expert, it really helps as there is no going back and forth for documents.
