It’s no secret that banking is big business, and there are many lending providers to choose from. Since purchasing a home is not an everyday purchase for most Australians, navigating the many options can be overwhelming – which is where the services of a mortgage broker can be a life saver.
While Madd Loans owner George Samios and the team take great pride in making the mortgage process fun, the concept isn’t exclusive to those obtaining a brand new home loan. In fact, those with existing home loans should be pleasantly surprised to discover that the Madd experience is also on offer for those looking at their options when it comes to refinancing – but why would you want to?
Just because you’ve always done something a certain way, doesn’t mean that it’s necessarily the best, most effective or affordable way, which is where the concept of refinancing comes in.
Sure, your current mortgage may have been ticking along nicely for the last few years, with no major hurdles or causes for concern. However, without considering your options for refinancing, you might actually be missing out on financial savings that have the potential to run into the thousands. This is especially true when you think about the fact that banks aren’t generally in the habit of checking in with their customers and offering a discounted interest rate, which is why consumers need to be proactive when the market changes.
Refinancing refers to the process of paying out your current home loan by taking out a new loan. While this can be with the same lender, it is also common to change to a different lending provider for a better interest rate, lower fees or more favourable loan terms as a whole. Those looking to refinance their existing mortgage are increasingly carrying out much of their research online by comparing home loans to review what the market has to offer, as the benefits of doing so can include:
Naturally, this is when the services of an award winning mortgage broker like Madd Loans can be a game changer when it comes to speeding up the process, and knowing what’s the best refinancing fit for your own individual circumstances – so why choose us?
It’s Our Speciality – While banks offer many products and services, home loans are the speciality of mortgage brokers. In turn, this also means refinancing too, and our ability to turn the complexities of a lender’s policies into black and white information can be invaluable.
We Play Matchmaker – With hundreds of loans available to Australian consumers, how do you know which option is right for you? A mortgage broker is able to “sift” through all of the choices when it comes to refinancing, and present the one that best suits your circumstances.
We Do The Leg Work – Did you know that Australia has over forty different lending providers? A broker like us sure does, along with the ins and outs of almost every one. Madd Loans provides you with one point of contact, while taking care of the paperwork so you don’t have to.
Our Service Is Free – Most forms of finance brokers do not charge to help you find the loan with the most competitive rates and repayments. Instead, the broker is paid directly by the lender you choose, meaning the benefits of using a broker don’t come as an extra charge.
We Can Save You Thousands – The key benefit of using a broker is usually sourcing the best possible interest rate and loan package that best fits your circumstances. Even a savings of 2-3% on a mortgage over a five year loan period can reduce your payments significantly.
Our Allegiance Is To You – Is a bank going to give you the heads up when interest rates drop, check in with you every few months, and swap your loan conditions to more favourable options if necessary? Probably not, but mortgage brokers do – we work for you, not the banks.
Bank On Our Reputation – While it’s only natural to feel wary when opting to use a finance broker, as a multi award winning service, our clients can trust in our experience to deliver them the very best loan packages from a wide variety of lending providers nationwide.
Since their inception in 2012, the team at Madd have worked tirelessly in providing over 1700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, Madd Loans owner George Samios takes great pride in making the loan process both fun, educational and stress free.
An independent operator can be your greatest asset when it comes to navigating loan options, as brokers are there to make you happy – not the banks. To speak to a Brisbane based professional about your options regarding home loans, please get in touch with the team at Madd Loans today to help turn your property dreams into your reality.