Refinancing typically involves certain costs, such as application fees, valuation fees, legal fees, and potential break costs if you’re breaking your existing mortgage contract early. It’s essential to carefully consider these costs and compare them against the potential savings or benefits you’ll gain from refinancing. Our mortgage brokers can provide a comprehensive breakdown of the costs involved in your specific refinancing scenario.
Refinancing options are available for individuals with bad credit or limited equity, although the terms and conditions may differ compared to those with better credit scores or higher equity. Our experienced mortgage brokers can assess your situation and explore refinancing options suitable for your unique circumstances. They will provide guidance on improving your credit and building equity to expand your refinancing opportunities in the future.
The refinancing process typically takes between 2 to 6 weeks, although the timeframe may vary depending on various factors, such as the complexity of your financial situation, property valuation processes, and the efficiency of the lenders involved. Our dedicated mortgage brokers strive to streamline the process and keep you informed at every step, ensuring a smooth and efficient refinancing experience.
You should review your mortgage at least annually. It doesn’t take long, but can save you thousands.
Our service is free but can potentially save you a ton! We get paid by the lenders. Even if you don’t go through with a mortgage through Own Home Loans, the consultations are always free of charge.