Life Changing Finance is an ever-evolving, diverse, financial services organization.
We specialise in finding the right finance for our clients and in turn, help people create personal wealth.
Our main objective is to find solutions, add value, and help improve your financial position and attain your financial goals.
We achieve this through in-depth knowledge of the industry and exemplary customer service, helping you through every step of your loan process.
Now there are ‘better rates’ and there are ‘better deals’ Shopping on rate alone isn’t always the best way forward. Have you thought about the product features of your home loan? How about the fees? Offset facilities, free redraw, transportability, split loans, credit card?
There are many other factors to think about when choosing a loan. Depending on your personal situation and your plan moving forward make sure to ask your broker to educate you on what they feel is the best fit for you.
A mortgage broker is a loan expert. Lending is all they do and can give you professional advice to match your needs with a suitable lending solution. They can shop around and provide you with options not always available to the public. Given that a loan/mortgage is probably the biggest expense you will ever have, it pays to get professional assistance and advice. A great mortgage broker can save you time, effort and most likely money in selecting a suitable home or commercial loan.
Generally, there is no fixed period to wait before you refinance an existing home loan. However, there may be fees involved in doing so. This can range from a small discharge fee of a few hundred dollars, up to thousands for breaking a fixed rate. Sometimes these fees can be recuperated and quite quickly too, if the rate we are refinancing you to is significantly lower than what you are currently paying. It’s best to talk to your broker in depth about the pros and cons of refinancing your home loan, and the resulting benefit to you.
LMI is an insurance premium that covers the lender if the borrower defaults on the loan and the sale of your property doesn’t cover the outstanding debt. A loan enters LMI territory once we are borrowing over 80% of the property value. Didn’t quite answer your question? Give us a call to chat.
The short answer is yes! There are many client specific products out there that can handle clients with bad credit history. Non-conformance lending is highly specialized and extremely client specific. It is best to talk with one of our brokers to see what is the best plan moving forward. Didn’t quite answer your question? Please contact us for a more targeted chat about your personal circumstances.