Why Refinance
Take out a new loan to pay off an old loan
Why Should You Refinance?
Three main reasons for refinancing:
Lower Down Your Interest Rate
- When you refinance, you might be able to get a loan with a lower interest rate.
- This means you will pay less money in interest over time, saving you a lot in the long run.
Able to Assess Equity
- Equity is the value of your home minus what you owe on your loan.
- Refinancing helps you understand how much equity you have in your home.
- You might be able to borrow against this equity if needed (for things like renovations or investments).
Reduce Monthly Repayment
- A lower interest rate or a longer loan term can reduce your monthly payments.
- This makes it easier to manage your finances and free up money for other expenses.
Contact Information
If you’re interested in refinancing, you can contact Sandhu Finance through:
- Email: Info@sandhufinance.com.au
- Phone: +61 430 533 646
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