- Phone: 07 5597 6049
- Email: md@professionallendingsolutions.com.au
FREE Home Loan Health Check Australia
Get a FREE Home Loan Health Check and save THOUSANDS!
When was the last time you reviewed your mortgage interest rate? Do you know how much equity you have in your home? How healthy is your home loan? Your house could be due for a home loan health check.
Gold Coast home loans are getting more expensive to service with cash rate hikes we have seen in 2023. To make sure you are still getting a competitive rate, better get your home loan health checked ASAP.
What is a home loan health check?
A home loan health check is an assessment of your existing mortgage to determine whether you could be saving money on your repayments. It’s a comprehensive review of your mortgage, which considers various factors such as interest rates, loan terms, and fees.
A home loan health check can help you understand your current loan structure and identify areas where you could be getting a better deal.
During a home loan health check, a mortgage broker Gold Coast will analyse your mortgage agreement and look for potential ways to reduce your monthly repayments. They may also identify any fees or charges that you’re paying that could be avoided or minimised.
The purpose of a home loan health check is to ensure that you’re getting the best possible deal on your mortgage and to provide you with options for reducing your expenses.
What is a home loan health check?
Save THOUSANDS
Reveal areas where you can potentially save money on your mortgage, such as through refinancing, negotiating lower interest rates or reducing fees.
Improved loan terms
Identify ways to improve your loan terms, such as by extending your loan term or fixing your interest rate.
Better budgeting
Understand your current loan structure and how much you’re paying each month to create a more accurate budget.
Mitigate mortgage stress
Improve your overall financial wellbeing when you identify ways to reduce your monthly repayments via a home loan health check
Enhanced financial literacy
Gain a better understanding of your mortgage and how it works with the help of a finance broker Gold Coast
No more overpaying on your mortgage
Identify any instances where you may have overpaid or are currently overpaying on your mortgage, and stop this from further happening to you
How our FREE home loan health check works
When a refinance mortgage broker such as myself performs a home loan health check for you, expect us to check loan:
- Interest rates and compare them with current market rates to see if you can save money when you refinance home loan
- Features to check if they are being used effectively, or if you have all the necessary features you need
- Contract to identify any fees or charges (e.g., annual fees, early termination fees) and advise you on how to minimise or avoid them.
- Term to see if it is appropriate and whether or not there are benefits to be gained from extending or shortening it
- Repayment amount and assess if it can be reduced by comparing it to home refinance loan rates
- Equity in your home and evaluate if there’s enough of it for you to access additional funds for renovations or other expenses.
Sign up for a home loan refinance with Professional Lending Solutions
FAQs on Home Loan Health Check
A very likely course of action to take after a home loan health check is for a homeowner to consider refinancing their home loan. The refinancing process can take anywhere from a few weeks to a few months, depending on the lender, the complexity of the loan, and the documentation required.
We recommend getting a home loan health check at least once a year or whenever your financial circumstances change.