29 Feb 2024
Mortgage House Wins Best Low Deposit Loan of the Year – 2024
Read more
Your mortgage is a bit like your health or your car: It needs regular check ups. Home loan packages, lenders and the economic climate are changing all the time. You should regularly check to ensure that your home loan package is still the best option available.
That’s why refinancing is so valuable. If you’re unhappy with your mortgage, you can swap over to a better deal without losing equity in your home.
Your lender will help with the process, confirming exactly what you need to refinance and what the process will be.
However, if you’d like to get started early or are simply curious, this checklist will help you gather a majority (if not all) of your documents:
The rules of ID are quite universal across most organisations. Here is a quick reminder.
As always, lenders need to understand your income situation. These are the kinds of documents you’ll typically be asked to produce for this purpose.
If you’re self-employed or do some work on the side, you may be asked to show the following.
If you’re refinancing from your current loan to a new one, you will need to share the details of your current mortgage. Some typical examples are as follows.
At Mortgage House, we’re no strangers to the homeowner’s journey. It’s a long (but rewarding) one.
But don’t worry, we can help with that.
If you’re thinking about refinancing, you can contact us for advice about the best options for you. The cost of your mortgage can drastically affect your financial planning, so it pays to speak to the experts about it.
Click here to speak with us about refinancing your mortgage!