Refinancing / Debt Consolidation

If you want to refinance your current loans, the team at RCR Finance can help you locate the right loan to suit your circumstances and determine the right finance structure. We compare the wide array of different loan products, prepare your loan application, and manage the whole process through to settlement whilst keeping you fully informed along the way.

Refinancing however requires careful consideration because refinancing to another lender may not always be the right solution. Sometimes the right solution is to simply stay with your current lender and restructure what you have there. The following information may assist you determine whether refinancing or restructuring is your best option:-

• Why do I want to, or need to refinance?
• What can my current lender offer me and what will it cost me?
• What can other lenders offer me and what will it cost me to move?
• If I refinance, how will I benefit?

The reasons why people decide to refinance their home loan are wide and varied and include:-

• Want a better deal (lower interest rate / lower fees)
• Consolidate debt to tidy up their current finances
• Get out of debt quicker
• Poor service from their existing lender
• Home extensions or renovations
• Refinance as a part of a wider investment purchase strategy
• What should I consider before refinancing?
  

At RCR Finance we firmly believe that your decision to refinance must be based on ensuring you will be better off financially after you have refinanced, or that it forms part of a bigger picture strategy to structure your finances in such away as to enhance your investment capabilities.

• How long will the process take?
• What are my current lenders exit costs?
• What are the proposed new lenders set-up costs?
• How long will it take me to recoup my costs of refinancing?
• How much will I save by refinancing?
• Will refinancing improve your financial position overall
• What strategies underly the refinance decision?

If you would like one of our consultants to discuss your home or investment loan options and provide you wih an obligation free “Finance Health Check” CLICK HERE