Can’t afford to upgrade, but can afford to renovate?
A brand new kitchen, funky updated bathroom, or even an extension to make room for that ever expanding family. All of these things can make such a difference to the way your home looks and feels. With the recent property increases, upgrading to a bigger or newer home is no longer an option for many people, but renovating and updating your existing home could be.
Not only could having your existing home loan reviewed potentially save you thousands of dollars in interest repayments, but you may discover that you can tap into some equity and release some additional funds for those renovations.
When you sit down with me to do a ‘health check’ on your home loan, we will review the current interest rate you are paying, and also review your loan to see if there is any available equity.
Whatever the outcome, there is no obligation to change your loan or increase your loan amount when I review it. Knowing that you have the right loan product and what your options might be for the future is what is most important.
Disclaimer: Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product. Subject to lenders terms and conditions, fees and charges and eligibility apply.