Refinancing is simply paying out your existing loan with money from a new bank or lender. Refinancing to a lower interest rate will lower your monthly mortgage repayments, so it’s an opportunity to save money on your regular repayment.
Using ABS data, we estimate that the average person could save up to $5,028 a year by switching to a lower rate loan:
*These rates and averages are current as of 08 November 2022.
Of course, this is just an estimate and doesn’t take into account your personal circumstances or factors like interest rate rises and fees.
You can try this for yourself with estimate calculator below.
Use the slider to set you estimate asset value
Chang to see the impact on your monthly payments
Chang to see the impact on your monthly payments
Chang to see the impact on your monthly payments
Change to to see the impact on you monthly payments
Change to to see the impact on you monthly payments
REFRESH
Loan Value Ratio LVR. A ratio under 80% is great
Estimate annual savings
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Affluence Financials is a Finance Broking company run by passionate and enthusiastic, well experienced and skilled Brokers to educate thousands of people in Australia to guide them making an informed decision with utmost best interest of the people they serve with honesty and transparency.
Sridhar Tummalapalli, Owner and Director of the company have 10+ years of Experience in Finance industry working in Big 4 and started Affluence Financials in 2018 to help and support the community by constantly improving skills in finance sector, collaborating the bests, Gurus and Leaders in the industry, to give the best possible solutions, make many people make their financially stronger and become Affluent.
We at Affluence Financials believe in serving by providing solutions tailored to people’s personal and financial situations and helping them succeed in achieving their dreams.
Take the the rebate and a discounted holiday anywhere in the world. Ask your Broker for more info.
Put the rebate towards a solar system of your choice and save on your energy bill
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Investing in property is a real numbers game, and you always need to be thinking ahead of the curve. Therefore, it is essential to adequately plan out your finances and consider all variables before committing to a loan structure – for instance, would you prefer a variable or fixed rate? It’s questions like these that our team at Affluence Financials can advise you on. With many years of successful experience and a network of robust lenders to choose from, our team works with first-timers and veteran investors alike. We will look at your income and expenditures to offer tailor-made strategies and solutions for your requirements. Book a consultation with us today to learn more!
Financial advisors, like the team at Affluence Financials, help you create a plan for meeting your financial goals and guide your progress along the way. They can help you save more, invest wisely or reduce debt. Our team offers assistance with — or, in some cases, complete management of — your finances. We will ask you about your goals and create a plan to help you reach them. This might mean calculating how much you should save for retirement, making sure you have an adequate emergency fund, offering tax-planning suggestions or helping you refinance or pay off debt. We can also help invest your money, either by recommending specific investments or providing complete investment management. If you're struggling to manage your money, you might benefit from speaking to one of our financial advisors today. Simple answers to complex questions
Buying a new house and need a loan? Or perhaps you or your child would like to pursue higher education. No matter what you need the funds for, call Affluence Financials today! We know how to simplify what many consider a very complicated process! Our highly qualified and knowledgeable team will help you work out a loan that is right for you, as well as offer professional advice on the products available. Moreover, we have strong relationships with our lenders and have access to the best interest rates on the market! Call today for a chat.e.
www.affluencelenders.com.au
Phone: 056786543
email: info@affluencelenders.com.au