When Was The Last Time You Checked Your Home Loan?
Life changes, and so do your borrowing needs.
A home loan health check can show whether your mortgage still suits you, or if you could be paying less.
What does a health check involve?
A mortgage broker can carry out a full home loan review in person or over the phone. They will assess whether your current loan remains competitive and aligned with your goals and circumstances.
Having an expert handle this removes the hassle and helps you make informed choices.
You should aim to get a review at least once a year, or sooner if your situation changes.
Questions to take to your broker:
Before your review, think about what you want checked. Useful questions include:
- Am I paying an unreasonably high interest rate?
- Are the fees I pay too high?
- Am I satisfied with the service I receive?
- Does my loan have the features I need?
- Am I paying for features I do not use?
- Have my financial circumstances changed?
The Benefits
A home loan health check is free and could save you thousands. Possible outcomes include:
- A lower interest rate.
- Better loan features or a simpler fee structure.
- A more suitable repayment plan that improves cash flow.
You may also discover scope to access extra finance for debt consolidation or to buy an investment property.
A simple loan pricing request is an effective way to confirm you are paying as little interest as possible. With rates rising and inflation remaining elevated, regularly reviewing your loan is more important than ever.
How Aintree Group Can Help
Our team can offer a Loan Pricing Request service to find out if you have the best (lowest) possible interest rate on your loan. If you don’t, we will connect you to the right experts for further advice.
Want to chat to an expert about your lending and finance needs? Contact our Aintree Group Wealth team today!
This is general advice only and has not been prepared with your situation and needs in mind. For individual and personalised advice, we highly recommend that you seek out proper professional advice from your financial adviser.
