How to Spring Clean your Home Loan

24 Aug How to Spring Clean your Home Loan

As we kiss winter goodbye and dust off the dirt the cold weather had left, it also pays to take the time now and spring clean your finances—starting off with your home loan.

home loan

How to spring clean your home loan

At this time of the year, you may want to invest in another property or you wish to cut down your debts because of an unforeseen circumstance. Small changes can make a huge difference over the term of a home loan, so it’s important to weigh up your options and factor in those fees and charges. Reviewing your home loan gives you a great opportunity to help cut your mortgage by getting ahead on your repayments. Interest rates have been hovering around historical lows, in turn borrowers have started refinancing or pursuing a purchase loan.

Spring season provides us time to clean up but it should not be limited to the insides of our home. Below are the ways to ‘tidy up’ your current mortgage. Happy spring cleaning (your home loan)!

 

Check your interest rate.

Many Aussie home loan customers are guilty of not knowing what their interest rate is. Phone your bank or ask your broker. Better yet, check also the interest rates offered by various lenders and non-lenders.

This will give you an idea on whether you’re paying too much in terms of interest, and can give you a good bit of bargaining power should you decide to switch lenders. Make sure you look for loan rates that are at or below the market average.

Review your fees.

Annual fees, application costs, redraw costs, exit costs—there are multiple fees that come with home loans which secretly affect customers. Educate yourself with these or ask your finance broker about these. Review your fees on your mortgage account and always look at the comparison rate on rival products as this rate factors in all the additional fees and charges associated with your loan.

Consolidate your debt.

You and your finance broker can put all of your debts together to come up with a single loan, a single interest rate, a single monthly mortgage payment. This enables you to minimise your monthly expenses and make your credit more manageable.

Debt consolidation is for you if:

  • you have a hard time paying your monthly payments on time due to having to many commitments
  • you have equity in your home
  • you have a bad credit and a large amount of debt

Refinance your home loan.

The ultimate reason for refinancing is for you to take advantage of a better, more competitive interest rate or to secure a longer payment term. You can also refinance to access a home loan feature your current loan doesn’t provide.

Other reasons for choosing to refinance are:

  • To facilitate home renovations
  • To consolidate existing debts
  • To get a better interest rate
  • To purchase or build a new home

Ask for a Complementary home loan health check.

A home loan health check simply means reviewing the features of your home loan which provide you with an efficient and cost-effective method when looking at your home loan options. No sweat! You could ask yourself the following questions:

✔ Am I paying an unreasonably high interest rate?
✔ Am I paying outrageous fees?
✔ Am I frustrated by inadequate service?
✔ Does my loan give me the features I need?
✔ Am I paying for features I don’t use?
✔ Have my financial circumstances changed?

 

If you’re not sure of your answers or you don’t have any idea at all, don’t fret! As a finance broker, I can offer a complementary assessment for your home loan.

 

Disclaimer:

Credit Representative (486927) is authorised under Australian Credit Licence 389328.

 This article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.

76 Comments
  • gamefly free trial
    Posted at 01:57h, 03 May

    When I initially commented I clicked the “Notify me when new comments are added” checkbox
    and now each time a comment is added I get three
    emails with the same comment. Is there any way you can remove me from that service?
    Cheers!

  • gamefly free trial
    Posted at 16:27h, 03 May

    Hello all, here every person is sharing these familiarity, therefore it’s good to read this web site,
    and I used to pay a visit this web site everyday.

  • gamefly free trial
    Posted at 08:33h, 04 May

    Yes! Finally someone writes about gamefly free trial.

  • gamefly free trial
    Posted at 17:18h, 06 May

    Incredible quest there. What occurred after? Take care!

  • download minecraft pc
    Posted at 01:58h, 07 May

    Great post.

  • free minecraft
    Posted at 12:31h, 08 May

    When I initially commented I clicked the “Notify me when new comments are added” checkbox
    and now each time a comment is added I get several emails with the same comment.
    Is there any way you can remove people from that service?
    Thanks a lot!

  • minecraft download mojang
    Posted at 23:16h, 09 May

    Hello there, I discovered your website via Google even as searching for a similar subject, your website came up, it appears to be like great.
    I’ve bookmarked it in my google bookmarks.
    Hi there, simply was aware of your blog via Google, and located that it is really informative.
    I am going to be careful for brussels. I will appreciate if you happen to continue this in future.
    Lots of other people might be benefited from your writing.
    Cheers!

  • g
    Posted at 04:04h, 11 May

    Good day! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to me.
    Anyways, I’m definitely delighted I found it and I’ll
    be bookmarking and checking back often!

  • g
    Posted at 04:42h, 12 May

    I just could not go away your website prior to suggesting that I actually
    loved the usual info an individual supply in your guests? Is going to be back regularly to check up on new posts

  • g
    Posted at 08:01h, 12 May

    Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically
    tweet my newest twitter updates. I’ve been looking for a plug-in like this
    for quite some time and was hoping maybe you would
    have some experience with something like this. Please let me know if you run into
    anything. I truly enjoy reading your blog and I look
    forward to your new updates.

  • minecraft download pc
    Posted at 09:54h, 12 May

    I’m not that much of a internet reader to be honest but your sites really nice, keep
    it up! I’ll go ahead and bookmark your website to come
    back later. All the best

  • g
    Posted at 20:49h, 13 May

    I all the time used to study piece of writing in news papers but now as I am
    a user of internet thus from now I am using net for articles or reviews, thanks to web.

  • minecraft download for free
    Posted at 13:19h, 15 May

    It is appropriate time to make a few plans for the future and it’s time to be happy.
    I’ve learn this submit and if I could I want to counsel you few interesting things or advice.
    Maybe you can write subsequent articles relating to this article.
    I wish to read even more issues approximately it!

  • download minecraft pc
    Posted at 00:43h, 16 May

    Its like you learn my thoughts! You appear to grasp
    a lot about this, like you wrote the e-book in it or something.
    I think that you can do with a few percent to force the message
    home a bit, however other than that, that is magnificent blog.

    A fantastic read. I will certainly be back.

  • download minecraft pc
    Posted at 22:18h, 16 May

    Hello there, I found your web site by means of Google
    at the same time as looking for a related topic, your site got
    here up, it seems good. I have bookmarked it in my google bookmarks.

    Hello there, simply became aware of your weblog thru Google, and found that it’s really
    informative. I am gonna watch out for brussels. I will be grateful
    when you proceed this in future. Many people will be benefited out
    of your writing. Cheers!

  • minecraft pc download
    Posted at 21:39h, 17 May

    Hello, I believe your web site could possibly be having
    browser compatibility issues. When I take a look at your site in Safari,
    it looks fine however, when opening in Internet Explorer, it has some overlapping issues.
    I just wanted to give you a quick heads up! Other than that, excellent site!

  • minecraft download for free
    Posted at 04:13h, 18 May

    Hi there, I log on to your blogs regularly. Your humoristic style is witty, keep doing what you’re doing!

  • all ps4 games
    Posted at 10:31h, 08 June

    certainly like your website however you have to test
    the spelling on several of your posts. Many of them are
    rife with spelling problems and I find it very bothersome to inform
    the reality however I will definitely come back again.

  • bit.ly
    Posted at 15:00h, 10 June

    Every weekend i used to go to see this web
    page, for the reason that i wish for enjoyment, for the reason that this this site conations
    truly pleasant funny information too.

  • gamefly free trial 2019 coupon
    Posted at 22:34h, 10 June

    Hey! Do you use Twitter? I’d like to follow you if that would be ok.

    I’m definitely enjoying your blog and look
    forward to new updates.

  • ps4 best games ever made 2019
    Posted at 23:58h, 12 June

    For hottest news you have to go to see world-wide-web and on web I found
    this site as a most excellent web page for newest updates.

  • ps4 best games ever made 2019
    Posted at 00:03h, 13 June

    Hello very nice blog!! Guy .. Excellent .. Wonderful ..
    I will bookmark your blog and take the feeds also?
    I am glad to seek out numerous useful information here within the publish,
    we need work out extra strategies in this regard, thanks for sharing.

    . . . . .

  • quest bars cheap
    Posted at 23:31h, 14 June

    It is not my first time to go to see this
    site, i am browsing this site dailly and get nice facts from here everyday.

  • quest bars cheap
    Posted at 12:59h, 15 June

    Every weekend i used to pay a quick visit this web page,
    for the reason that i wish for enjoyment, since this this site conations actually
    nice funny material too.

  • http://tinyurl.com/
    Posted at 20:57h, 17 June

    If some one desires expert view concerning blogging after that i suggest
    him/her to go to see this weblog, Keep up the good work.

  • remcos rat cracked
    Posted at 15:49h, 21 June

    I have interest in this, thanks.

  • quest bars cheap
    Posted at 19:37h, 23 June

    Hi there! I’m at work surfing around your blog from my
    new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts!
    Carry on the excellent work!

  • genesis mining promo codes
    Posted at 23:21h, 28 June

    Really appreciate you sharing this blog.Much thanks again. Really Great.

  • how to get help in windows 10
    Posted at 07:28h, 29 June

    I loved as much as you will receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an shakiness over that you wish be
    delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very
    often inside case you shield this increase.

  • Pete Dearment
    Posted at 05:05h, 07 July

    Wow! Thank you! I always needed to write on my blog something like that. Can I take a portion of your post to my site?

  • plenty of fish dating site
    Posted at 23:34h, 15 July

    Wow, that’s what I was exploring for, what a information! present here at this
    webpage, thanks admin of this website.

  • how to get help in windows 10
    Posted at 23:39h, 16 July

    Hi there, its fastidious piece of writing about media print, we all know media is a enormous source of information.

  • how to get help in windows 10
    Posted at 13:00h, 18 July

    Its such as you read my mind! You seem to know so much about
    this, such as you wrote the e-book in it or something. I think that you can do with a few p.c.
    to force the message house a bit, however instead
    of that, that is excellent blog. An excellent read.
    I will definitely be back.

  • plenty of fish dating site
    Posted at 06:37h, 19 July

    Good day! This is kind of off topic but I need some guidance from an established blog.
    Is it very hard to set up your own blog? I’m not very techincal but I can figure things out
    pretty quick. I’m thinking about setting up my own but I’m not sure where
    to begin. Do you have any points or suggestions? Appreciate
    it

  • result togel
    Posted at 18:35h, 20 July

    A very good informative article. I’ve bookmarked your website and will be checking back in future!

  • how to get help in windows 10
    Posted at 00:34h, 21 July

    Hey superb website! Does running a blog such as this take
    a great deal of work? I have very little understanding of computer programming however
    I was hoping to start my own blog in the near future.
    Anyhow, should you have any recommendations or techniques for new blog owners please share.
    I understand this is off topic but I simply wanted to ask.
    Cheers!

  • natalielise
    Posted at 06:40h, 23 July

    It’s remarkable to go to see this web page and reading the views of all mates on the
    topic of this piece of writing, while I am also eager of getting know-how.
    pof natalielise

  • plenty of fish dating site
    Posted at 00:11h, 24 July

    Hi there, just became aware of your blog through Google, and found that it’s truly informative.
    I am gonna watch out for brussels. I will appreciate
    if you continue this in future. Many people will be benefited from your writing.
    Cheers!

  • Nu Fenchel
    Posted at 01:02h, 24 July

    Mass parsite http://bit.ly/2W9CVkn

  • plenty of fish dating site
    Posted at 05:35h, 26 July

    I’m gone to inform my little brother, that he should also pay a quick visit this
    website on regular basis to get updated from most up-to-date reports.

  • smore.com
    Posted at 07:30h, 26 July

    I’m really loving the theme/design of your website. Do you ever run into any
    internet browser compatibility issues? A few of my blog visitors have complained about my website not working correctly
    in Explorer but looks great in Firefox. Do you have any solutions to help fix this problem?

    pof natalielise

  • plenty of fish
    Posted at 21:45h, 30 July

    Ahaa, its pleasant dialogue on the topic of this article at
    this place at this blog, I have read all that, so now me also commenting at this place.

  • plenty of fish
    Posted at 08:39h, 31 July

    We stumbled over here from a different web address and thought I might check things
    out. I like what I see so now i am following you.
    Look forward to exploring your web page yet again.

  • dating site
    Posted at 21:02h, 31 July

    Great web site you have got here.. It’s hard to find good
    quality writing like yours these days. I truly appreciate people like you!

    Take care!!

  • dating site
    Posted at 21:28h, 31 July

    I seriously love your blog.. Very nice colors & theme.
    Did you build this web site yourself? Please reply back as I’m looking
    to create my own personal blog and want to find out where you got this from
    or what the theme is called. Kudos!

  • dating site
    Posted at 00:36h, 01 August

    Your way of describing the whole thing in this post is really fastidious, every one be
    capable of easily know it, Thanks a lot.

  • Phil Imlay
    Posted at 06:35h, 01 August

    |Happy I came across this to be honest. I’m liking your content buddy.

  • plenty of fish https://natalielise.tumblr.com
    Posted at 19:59h, 01 August

    I’m really enjoying the design and layout of your website.
    It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme?
    Exceptional work! natalielise plenty of fish

  • pof https://natalielise.tumblr.com
    Posted at 04:26h, 02 August

    Its like you learn my thoughts! You appear to grasp a lot approximately
    this, like you wrote the ebook in it or something. I think
    that you simply can do with a few % to force the message house a bit,
    but other than that, that is excellent blog. A fantastic read.
    I’ll definitely be back. pof natalielise

  • stereo tool 9.02 crack
    Posted at 13:49h, 05 August

    Appreciate it for this howling post, I am glad I observed this internet site on yahoo.

  • Jayne
    Posted at 00:58h, 07 August

    Write more, thats all I have to say. Literally, it seems as though you relied
    on the video to make your point. You obviously know what youre talking
    about, why throw away your intelligence on just posting videos to your
    blog when you could be giving us something enlightening to
    read?

  • virdsam
    Posted at 17:02h, 07 August

    It’s beautiful value enough for me. In my view, if all web owners and bloggers made good content as you probably did, the internet will likely be a lot more useful than ever before. It is perfect time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I want to suggest you few interesting things or suggestions. Perhaps you could write next articles referring to this article. I wish to read even more things about it! I have been browsing online greater than 3 hours nowadays, yet I by no means discovered any interesting article like yours. It’s pretty worth enough for me. Personally, if all web owners and bloggers made good content as you probably did, the web might be a lot more useful than ever before.

  • plenty of fish dating site
    Posted at 15:41h, 13 August

    I am now not positive the place you are getting your info, however great topic.

    I needs to spend some time studying much more or
    working out more. Thanks for excellent info I was in search of this information for my mission.

  • plenty of fish dating site
    Posted at 17:51h, 13 August

    magnificent submit, very informative. I’m wondering why the opposite experts
    of this sector don’t notice this. You must proceed your writing.
    I am sure, you have a huge readers’ base already!

  • data sgp
    Posted at 00:26h, 14 August

    Hello very nice web site!! Guy .. Beautiful .. Wonderful .. I’ll bookmark your website and take the feeds also? I’m happy to search out so many useful information here in the publish, we want develop more strategies on this regard, thanks for sharing. . . . . .

  • plenty of fish dating site
    Posted at 14:39h, 14 August

    I am regular reader, how are you everybody? This
    article posted at this website is actually fastidious.

  • plenty of fish dating site
    Posted at 07:08h, 15 August

    It’s an awesome piece of writing in favor of all the internet users; they will get advantage from it I am sure.

  • descargar facebook
    Posted at 04:39h, 19 August

    Good day! This is kind of off topic but I need some help from an established blog.

    Is it very hard to set up your own blog? I’m not very techincal but
    I can figure things out pretty quick. I’m thinking about making my own but I’m not sure
    where to start. Do you have any ideas or suggestions?
    Appreciate it

  • descargar facebook
    Posted at 13:07h, 19 August

    I want to to thank you for this great read!! I definitely enjoyed every
    little bit of it. I have you saved as a favorite to look at new things
    you post…

  • descargar facebook
    Posted at 07:44h, 20 August

    What’s up to every body, it’s my first go to see of this blog;
    this web site carries awesome and actually fine data for visitors.

  • quest bars cheap
    Posted at 01:44h, 24 August

    Hi there, yeah this paragraph is truly fastidious and I have learned lot
    of things from it on the topic of blogging.
    thanks.

  • quest bars cheap
    Posted at 06:16h, 24 August

    I don’t even know how I ended up here, but I thought this post was good.
    I don’t know who you are but definitely you are going to
    a famous blogger if you are not already 😉 Cheers!

  • quest bars cheap
    Posted at 07:15h, 24 August

    There is certainly a lot to learn about this topic. I like all the points you’ve
    made.

  • minecraft games
    Posted at 05:50h, 02 September

    Keep this going please, great job!

  • minecraft games
    Posted at 06:57h, 04 September

    Wow, awesome weblog structure! How lengthy have you been blogging for?
    you make blogging look easy. The entire glance of your website
    is excellent, let alone the content!

  • ETIAS Visa
    Posted at 19:57h, 06 September

    Hi, i think that i saw you visited my blog so i came to “return the favor”.I am attempting to find things to enhance my site!I suppose its ok to use a few of your ideas!!

  • quest bars cheap
    Posted at 14:15h, 07 September

    Link exchange is nothing else except it is just placing the other person’s blog link on your page at appropriate place and other person will also do similar
    for you.

  • quest bars cheap
    Posted at 01:53h, 08 September

    Everything is very open with a really clear clarification of the challenges.
    It was really informative. Your website is useful.

    Many thanks for sharing!

  • quest bars cheap
    Posted at 02:30h, 08 September

    We are a gaggle of volunteers and opening a brand new scheme in our community.
    Your web site provided us with useful information to work
    on. You have done an impressive activity and our whole community will likely be thankful to you.

  • quest bars cheap
    Posted at 10:22h, 08 September

    I am sure this piece of writing has touched all the internet visitors, its really really pleasant paragraph on building
    up new blog.

  • quest bars cheap
    Posted at 13:31h, 08 September

    Excellent post. Keep posting such kind of information on your blog.

    Im really impressed by your blog.
    Hello there, You have performed an excellent job.

    I will definitely digg it and in my opinion suggest to my friends.

    I’m sure they’ll be benefited from this website.

  • minecraft games
    Posted at 15:58h, 16 September

    First of all I would like to say superb blog! I had a quick question in which I’d like to ask if you don’t
    mind. I was curious to know how you center yourself and clear your head before writing.
    I’ve had trouble clearing my mind in getting my thoughts out.
    I do enjoy writing but it just seems like the first 10
    to 15 minutes tend to be wasted just trying to figure out how to begin.
    Any ideas or tips? Thank you!

  • 928-240-2755
    Posted at 21:57h, 16 September

    Hi! This is my first visit to your blog!
    We are a collection of volunteers and starting a new initiative in a community in the same niche.
    Your blog provided us useful information to work on.
    You have done a outstanding job!

  • minecraft games
    Posted at 03:59h, 17 September

    Hi there are using WordPress for your blog platform?

    I’m new to the blog world but I’m trying to get started and
    set up my own. Do you require any html coding expertise to make your own blog?
    Any help would be greatly appreciated!

  • Chris Fluent
    Posted at 10:24h, 18 September

    Apply for loan and get approved within 24 hours at highclassloanfund@gmail.com, we offer all types of loan with 2% interests rate. Quick, easy and convenient. God bless you.

  • minecraft games
    Posted at 20:41h, 18 September

    I visited many web sites except the audio feature for audio songs present at this site is actually superb.

Post A Comment