Time to refinance? Let Pivot guide you through the process.
Refinancing
Pivot Funding can help you refinance your mortgage, so you get access to the premium rates and products, tailored to your needs, at every stage, through the term of your loan.
When refinancing a loan, you are essentially switching your existing loan to a new one. For example, if you took out a 30-year mortgage 10 years ago, 20 years remain on your mortgage. If you refinance, the remaining balance can be repaid on a new 25 or 30-year term simply by restarting your mortgage. Refinancing will not only allow you to reduce your monthly repayments, but it can also secure a new lower interest rate on your mortgage. Interest rates will be calculated based on current rates, the balance left to pay on your home loan, and on the length of the renegotiated mortgage term.
If you’re worried about loan repayments, refinancing your loan could be an option. Speak to one of our consultants to help you better understand your situation.
Call us: 1800 0 Pivot (1800 074 868)
When should I refinance my home loan?
There are a number of scenarios in which refinancing your home loan or mortgage can provide an advantage.
The most common are:
- Reduced interest rates.
- Reduce monthly repayments.
- Accessing the equity in you property.
- Loan, or debt conslidation.