Refinancing
Is your fixed rate nearing its end? Concerned about the impending mortgage cliff or feel you’re overpaying with your current lender? Let us assess your situation and provide you with an honest, expert opinion.
Refinance for Better Home Loan Rates
Are you concerned that your current home loan rate is too high or uncertain about its competitiveness? There’s a chance to save significantly on your yearly interest expenses and enhance your monthly repayments by refinancing your mortgage to a more favorable rate with flexible terms. Additionally, you might qualify for a cashback offer from your new lender, adding an extra benefit. OVM Finance assists in pinpointing personalized options tailored to your needs and handles all the intricate details to ensure a seamless transition.
Certain lenders, comparison platforms, and online calculators might exaggerate the potential cost savings of refinancing just to attract your attention. At OVM, our commitment is to establish genuine and enduring relationships, prioritizing long-term connections over one-time transactions. Working collaboratively, we’ll assess whether refinancing your home loan genuinely aligns with your best interests. Our aim is to present you with a comprehensive breakdown of costs and potential savings, ensuring transparency and accuracy in our evaluation.
Navigate the Refinancing Process Effectively
With an array of refinancing possibilities, you may be asking yourself: where should I start? Prior to delving into the offerings from our lender panel, we engage in a discussion about your current situation. We analyze the information you provide and model suitable options, often arranging a complimentary bank valuation if necessary. Subsequently, we typically approach your existing lender, providing them an opportunity to enhance your interest rate and potentially retain the deal, before suggesting refinancing for your home loan. Ultimately, the goal is to pursue refinancing only when the savings are evident and clear.
Utilize Your Home Equity for Home Loan Refinancing
In most instances, having equity in your property is a prerequisite for successfully completing the refinancing process. The standard benchmark is typically 20 percent equity, commonly used by most banks and lenders. However, with a robust credit record and rating, it is possible to explore refinancing even without equity.
Exploring Cash-Back Options
Banks are luring borrowers with cash-back incentives for refinancing, ranging from $1,000 to $4,000. However, it’s crucial to consider the broader implications. Contact OVM Finance to find the most suitable cashback offers. We’ll compare costs and benefits using our advanced software and extensive experience with over 30 major banks and lenders to tailor solutions to your needs
How to Assess the Need for Home Loan Refinancing
In a market with rising interest rates, it’s crucial to regularly monitor your current interest rate to ensure its competitiveness. Your current lender is unlikely to inform you if there’s a potentially more suitable and cheaper rate available, which is where our distinctive approach proves valuable. As an OVM client, enjoy annual loan structure reviews for ongoing competitiveness. We work behind the scenes, engaging with your lender to secure the most competitive interest rate
Reviews
We take pride in being a financial group you can genuinely rely on, guiding you from the initial consultation to our annual reviews conducted years after your settlement. Our enduring commitment to personalized services and fostering strong relationships is designed for long-term success. If you seek evidence, look no further than our authentic five-star reviews from satisfied clients. Rest assured that choosing OVM Finance Group is a decision backed by the positive experiences of our valued clientele.