Home Loan Health Check

What is a Home Loan Health Check?

These are the main reasons why you need to do a health check on your home loan:

• Check your current home loan rate - in today's economic climate, homeowners cannot afford to assume that their loan is of good value. You may be able to save money by getting a lower rate.
• Refinancing - refinancing could offer you a lower interest rate and potential savings in monthly repayments. Refinancing may have additional costs so consider your options carefully with a professional mortgage broker like Pivotal Financial.
• Refinancing to consolidate debt - if you have multiple loans and are making several payments to different lenders, refinancing may be an option to reduce your overall interest and streamline your debts. This could allow you to consolidate all higher-interest loans into one lower-interest loan, which will decrease your monthly repayments overall.
• Shifting between fixed and variable rates or changing the term of a loan: With an uncertain interest rate environment, it is important to understand the differences between fixed and variable rates with a mortgage broker so you can make the best decision.
• Getting access to better loan options: it's not always about getting the best interest rate. If your personal circumstances have changed since you first obtained your home loan, you may be able to take advantage of loan features that are more suitable for your needs. There may be additional fees or charges that you can avoid with another lender or you might not have the right product.

Why choose to work with Pivotal Financial?

• We have over 20 lenders that our team works with, some of which are exclusive to mortgage brokers.
• Our Home Loan Health Check service is free of charge.
• We can look at your home loan and ask you a couple of questions about your plans for the next 12 months and then we’ll advise you on the best way we can help you achieve your financial goals.
• We handle all the paperwork as we understand that it can be a tedious task that might feel too hard to do on your own.
• We compare all of your options for you and can advise whether you already have the best deal or if we have found you a better option. It’s a win-win for you.