Planning on buying or refinancing in Riverstone NSW?
Riverstone is a suburb of Sydney with an eclectic mix of older couples, new couples and families, and maturing couples with families, with separate houses making up 86% of the properties.
Public transport in Riverstone is easily accessible, with trains running at 30-minute periods during peak times, and every hour in between peak times. The M7 provides quick access to the city via car, which is approximately 48km to the south-east.
Buying and renting are on the upward trend in Riverstone, which means it may be a good time to invest, renovate, or buy if you are thinking about a move or are wanting to add extra value to your property and increase your equity.
And this may require refinancing or getting a home loan in Riverstone or around the Hills district.
Whilst there are also a few myths floating around the home loan industry of which may be holding some homeowners back, there are always good reasons to consider your options and scoring some significant savings.
Tip # 1 – Refinancing is not complicated
Your local mortgage broker can take care of most of the grunt work for you, to get you started on the right track.
A little bit of work now can amount to significant savings in the long-term. Leave the number crunching to the experts, and you will soon have your mortgage under control.
Tip #2 – You deserve a better deal
According to research, 75% of home-owners are content to sit on their second-rate home loans for the duration.
However, the other 25% are going out and using their mortgage broker to help them get the best deals and reaping the rewards, which is years off their home-loan and many thousands of extra dollars for their retirement. Isn’t the small amount of effort you do now, worth the promise of a stress-free and more enjoyable retirement.
Of course, with the busy lives people lead, a lot of people put the mortgage on the backburner.
Most homeowners are entirely in the dark about the terms of the mortgage, but if they would just look back and check that they aren’t lining the bank’s pockets with their exorbitant interest rates and fees, they could own their home sooner.
The reality is, if you have a home loan, you deserve to know where you stand in terms of your finances and make the right choices for your financial life.
Tip #3 – You can refinance a fixed home loan
Many think that you can’t refinance a fixed home-loan because of the wording. In reality, the term fixed does not mean set in stone.
A fixed home-loan, means that your interest rate is fixed, and if you want to break the mortgage within a specific timeframe, you will need to pay a fee.
Fixed home loans usually have terms from 1 to 5 years, and the break fee covers the lender for any losses they may incur if you break your fixed term contract.
Naturally, there can be quite a bit of calculation involved to determine if refinancing is worthwhile, but not knowing can potentially cost you tens of thousands.
The bottom line is that there is no excuse for not talking to a local mortgage expert to see what refinancing options you have available and getting smart about your financial future.
Other useful links:
Did you know that Tradebusters Connect powers a FREE Top 3 Local Business Pick directory near you.
Hills District local directory
Financial planner Castle Hill Sydney
Interior Designers Hills district