Is your home loan rate still competitive, or are you potentially overpaying? Refinancing could help reduce your interest costs and lower your monthly payments, giving you more flexibility and potentially saving you thousands each year. Plus, some lenders offer cashback incentives when you switch. At Premier Choice Mortgages, we’ll help you find the right refinancing options for your situation and handle the process from start to finish, ensuring a seamless experience.
Typically, you'll need to have equity in your property to refinance successfully. Most lenders use a standard of 20% equity as a benchmark. However, if you have a solid credit history, it's sometimes possible to refinance even without meeting the equity requirement.
In a market with rising interest rates, it's crucial to regularly review your home loan to make sure your rate stays competitive. Chances are, your current lender won't proactively let you know if a better rate is available, and that’s where we step in to help.
As Premier Choice Mortgages client, we make it a priority to conduct annual reviews of your loan structure, ensuring it remains competitive. Behind the scenes, we work diligently to negotiate with your lender, striving to keep your interest rate as low as possible.
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