New home loan products are emerging rapidly in the market. Mortgage Consultants at PJ Home Loans can help you find a loan and professionally package it so that it suits your particular needs and circumstances.

Penalty fees may apply if you’re paying off your current mortgage early. This can be based on your current mortgage. For example, you might pay an exit fee, if you’re exiting a fixed home loan.  But these may be offset by repayment savings when you refinance home loan.  Consult our mortgage consultants to understand the fees/costs involved in refinancing your existing mortgage.

This depends on how much equity you have in your home. You may qualify for a cash-back refinance. Our mortgage consultants can help you determine whether this is a viable option for you.

• Home renovations such as refurbishment, remodelling, installing a pool or adding outbuildings.
• Saving money by refinancing to a mortgage with a lower interest rate or or reduced fee,  and
• Accessing new loan features better suited to your current situation.
• Debt consolidation to pay off credit cards, store cards and other loans by rolling them into your home loan.
• Accessing equity in your home for overseas travel, purchase a car, investment property and other purposes.

Most lenders offer flexible repayment options to suit your needs. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and duration off your loan.

Your home loan interest is calculated on the daily outstanding balance of your loan. Making extra repayments or depositing additional funds into your home loan account will reduce the interest payable significantly. Redraw facility in your home loan will help you to redraw these funds as and when you need them.