Should I Refinance My Mortgage?

When your debts are piling up and you are struggling to make repayments, mortgage refinancing may be the best solution for you.

Debt Cutter works with specialist brokers who are experts in non-conforming loans. If you have been rejected by a bank or a traditional lender because of your history, we can help you!

Our team understands that unexpected life events occur but it shouldn’t mark you for life. Working alongside specialist brokers, and cash management specialists, we ensure that your application gets assessed on its’ merits – what your current situation is, not just your past. This means that we can work with you to tailor a solution to suit your situation to produce an outcome that you need.

Refinancing your home loan can free up the equity you have in your home, and any other properties you own, in order to pay off your debts. Specialist brokers can also include any tax debts and rates arrears in the refinance.

Benefits may include lower regular payments for the total debts you have and simplication of your finances with only one payment per month.

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What Is Mortgage Refinancing?

Mortgage refinancing is a process where you refinance your current home, or investment property to unlock equity.

There are a number of things to consider before refinancing your property, these include:

  • How long you intend to stay in the property
  • Prepayment penalties
  • Discharge fees
  • Break fees
  • Start-up fees
  • Lenders Mortgage Insurance (LMI)

Whilst there are a number of things to consider, our friendly mortgage brokers on site are happy to talk to you about your personal situation, to ensure this solution is right for you.

Is It The Right Solution For Me?

Refinancing your mortgage may be the right solution for you if you are:

  • Struggling to meet debt repayments
  • Have a tax debt or rates arrears
  • Small business debts
  • Not eligible for traditional homes loans
  • Have credit impairments
  • Have equity in your home
  • Do not want to declare bankruptcy
Am I Eligible?

Debt Cutter works closely with non-conforming home loan specialists.

Debt Cutter can assist people particularly with credit impairment to find the right service provider. We work alongside specialist brokers to enable you to access quality loans that get you the finance you need faster.

Register below to receive a call from one of our friendly staff, who can discuss your specific circumstances and put you in touch with the right broker for you.

Call us today on 1300 887 211 or book a free call back consultation.

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