Mortgage Minute: Fixed Term Roll Overs
In this Mortgage Minute, we discuss your options when your fixed rate mortgage term is coming to an end.
Good news, mortgage rates remain low and there is strong competition between banks. That means there are plenty of options and we can look around for the best deals and negotiate on your behalf.
It's also a good time to review your current loan structure. Is a fixed rate still the best option for you? Or has your situation changed?
For example, if you are looking to sell soon, keep this in mind. You don’t want to be caught out with early repayment charges, so a fixed rate might be restrictive here.
Want to pay your loan off faster? Let's look at the frequency of repayments, repayment amount, loan structures, and review any short term debt you might have accumulated.
Don’t want to wait until your term ends? We can help you refinance your current mortgage to take advantage of the hot rates in the market.
So get in touch, even if you didn't arrange your mortgage through Loan Market, we can make sure you are getting the best deal. Give us a call on 471 8824 and we can get you sorted.