Can you do better with your home loan?
What is a Home Loan Health Check?
A free home loan health check from Hills Financial helps you determine if your current loan is still the best fit for your needs. It gives you the information you require to help you make informed decisions that could lead to better loan features or a lower interest rate.
Main Reasons for a Home Loan Health Check:
1. Review Your Current Home Loan Rate: In today's dynamic market, it's crucial not to assume your loan offers the best value. There may be opportunities to save with a more competitive rate.
2. Refinancing Opportunities: Refinancing can help you secure a lower rate, potentially reducing your monthly repayments and total interest costs. However, it's important to weigh up any additional costs involved. Our software can provide you with a quick summary of the cost of your loan vs an alternative loan product.
3. Debt Consolidation through Refinancing: If you're managing multiple debts, refinancing could streamline your payments and reduce overall interest by consolidating higher-interest debts into one lower-interest loan. We can use separate loan splits to manage loan terms so you don’t end up paying a car loan over 30 years!
4. Switching Between Fixed and Variable Rates or Altering the Loan Term: With current low rates, locking into a fixed rate can be tempting. Understanding the differences between fixed and variable rates ensures you choose the best option for your needs.
5. Access to Better Loan Features: Sometimes, it's not just about the rate. You might benefit from loan features that better suit your changing circumstances, avoiding unnecessary fees and ensuring you have the right product. For example, many lenders now allow multiple offset accounts linked to your home loan, which is a great way to also manage your budget and savings whilst reducing your home loan faster.
It's important to note that discussing your options with us doesn't mean you need to switch lenders. We only recommend changes if they are financially beneficial for you.
Other Reasons for a Home Loan Health Check:
Consider a home loan health check if you are:
Thinking about topping up your home loan
Approaching the end of a fixed-rate term
Aiming to pay off your home sooner
Looking to reduce or lock in your repayments
Planning renovations
Considering buying an investment property
Why Choose Hills Financial?
Personalised Guidance: As a small business, we pride ourselves on offering personalised service. We work closely with a variety of lenders, including exclusive options, to find the best deals with competitive rates and fees tailored to your needs.
Complimentary Service: Our home loan health check is completely free, reflecting our commitment to providing value without any obligation.
Simplified Process: We understand that dealing with paperwork can be daunting. That's why we take care of all the complexities involved in changing loans, saving you time and effort.
Customised Analysis: We take the time to understand your unique situation and compare your home loan options. With quick calls to lenders, we explore potential savings, ensuring you receive the best possible advice.
Navigating the right home loan can be daunting. That's why our team at Hills Financial is here to assist with any questions or concerns you may have.
To book your free home loan health check with us, contact Rebecca Howarth at Hills Financial via email at rebecca@hillsfinancial.com.au.