Real EstateSeptember 2015

Elders Home Loans Time to rethink your Home Loan

Low interest rates are making buying real estate more affordable than ever before.
But those of us already locked into existing home loans are missing out on the savings.
Elders Home Loans principal Katrina Parrington says it doesn’t have to be that way. She specialises in providing home loan health checks to help homeowners save money, upgrade or invest.
First, she has clients ask themselves a series of questions about the suitability of their current home loan. At this stage, people will often find one or more reasons to make a change, and this is where Elders Home Loans can help.
Not only can they provide greater leverage with the banks to find you a better deal, they can also negotiate with your current lender to refinance at a better rate.
“With the Darwin market currently a buyer’s market, it makes great economic sense for you to review your current lending to release equity if you’d like to consider a pre-approval to purchase an investment property, or upgrade to a home more in tune with your current lifestyle.”
Katrina said homeowners might also like to consider renovating their home
“Now for many might be the time to renovate instead of move, to ensure your home meets your current lifestyle needs. Stamp Duty is expensive and many might see the benefits in renovating or extending their existing home instead of trading up. There are always options.”
For those shopping around for a new lending solution, Katrina says some banks are now offering attractive incentives to lure new customers, including assisting with refinancing expenses.
“With thousands of lending options on offer from Elders Home Loans, we can tailor a lending solution to suit, ensuring you get the best possible rate, potentially saving you thousands of dollars over the life of your loan.

Ask yourself these questions. Then give Elders Home Loans a call on 1300 LENDING
• Am I paying an unreasonably high interest rate?
• Am I paying outrageous fees?
• Am I frustrated by inadequate service?
• Does my loan give me the features I need?
• Am I paying for features I don’t use?
• Have my financial circumstances changed?
• When was the last time I reviewed my lending?
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Call Katrina