10 Minutes could save you thousands...

In the hustle and bustle of daily life, it is easy to overlook tasks that seem minor but can have a significant impact on our finances. And here's a biggy - refinancing your mortgage!

Taking just 10 minutes to explore your options can potentially save you thousands of dollars over the life of your loan.



Here is why making the call to Peard Finance could be one of the smartest financial moves you make this year!

Firstly, why Refinance?
Refinancing involves replacing your current mortgage with a new one, ideally with better terms. This can result in lower monthly payments, reduced interest rates, or a shorter loan term. Here are some key benefits:

1. Lower Interest Rates: Interest rates fluctuate over time. If rates have dropped since you took out your mortgage, refinancing could lower your interest rate, which translates into substantial savings.
2. Reduced Monthly Repayments: A lower interest rate or extending the loan term can reduce your monthly mortgage repayments, freeing up cash for other expenses or investments.
3. Shorten Loan Term: If you can afford higher monthly repayments, refinancing to a shorter loan term can save you thousands in interest and help you pay off your mortgage sooner.
4. Access Home Equity: Refinancing can allow you to tap into your home’s equity, providing funds for home improvements, debt consolidation, or other financial needs.
5. Buy Another Investment Property: If you have owned a property for 2-3 years or more, you have most likely seen a significant increase in equity. This equity can be used as a deposit for a new property, helping you expand your investment portfolio.

Why Choose Peard Finance?

Choosing the right partner for your refinancing journey is crucial. Here are Peard Finance, we stand out for a few good reasons. 

1. Expert Guidance: Peard Finance offers expert financial advice tailored to your specific needs. Their experienced brokers understand the market and can help you navigate the complexities of refinancing.
2. Competitive Rates: As a well-established mortgage broker, Peard Finance has access to a wide range of lenders and can secure competitive rates that might not be available through direct lenders.
3. Personalised Service: Peard Finance provides a personalised approach, ensuring that you get the best possible terms for your refinancing. They work closely with you to understand your financial situation and goals.
4. Hassle-Free Process: Refinancing can be daunting, but Peard Finance makes it simple and stress-free. They handle the paperwork and negotiations, saving you time and effort.
5. No Cost Mortgage Review: There is no cost to you for the mortgage review service. Peard Finance will evaluate your current mortgage and provide options without any upfront fees, making it a risk-free opportunity to potentially save thousands.

When to Refinance
Timing is crucial. Here are some situations when refinancing makes sense:

• Interest Rates Drop: If current rates are at least 1% lower than your existing mortgage rate, it is worth considering.
• Improved Credit Score: A higher credit score since you first took out your mortgage can qualify you for better rates.
• Increased Equity: If your home’s value has increased and your equity has grown, you might qualify for better interest rates. This is known as "rate for risk"—the lower the Loan-to-Value Ratio (LVR), the cheaper the rate.
• Financial Changes: If your financial situation has improved, you might qualify for a loan with better terms.

How to Refinance with Peard Finance

1. Check Your Credit: Ensure your credit score is in good shape to qualify for the best rates.
2. Consult Peard Finance: Contact Peard Finance to discuss your refinancing options and get expert advice.
3. Compare Offers: Peard Finance will help you compare offers from multiple lenders to find the best terms.
4. Calculate Costs: Consider the costs associated with refinancing, such as discharge costs and fees. Ensure the savings outweigh these expenses.
5. Submit Application: Complete the application process with the help of Peard Finance, ensuring all necessary documents are in order.

Refinancing your mortgage might seem like a hassle, but the potential savings make it well worth the effort... Did someone say -'holiday'?