Now is the time to look at refinancing your mortgage
3 Reasons now is the time to refinance!
1. The Reserve Bank has implemented an emergency rate cut to 0.25% in an attempt to stifle COVID-19’s impact on the economy – a never before seen record low. This will have an immediate positive impact on your borrowing capacity.
2. Banks and lenders have changed verification and identity procedures, with most lenders now accepting verification via technology in place of face-to-face meetings.
3. Working from home means a bit of extra time in the day to tend to your personal finance. While the COVID-19 situation is unpredictable and developing day by day, one area where you can take control is your mortgage. This could be an incredibly opportune time to make savings and improve your financial situation.
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