- December 19, 2017
- Posted by: Streamline Finance Services
- Category: Finance
With all the changes that has been enforced by the regulator APRA on the banks, it has become much harder to switch your loan to another lender but it can be done.
There has been many enforced changes like limiting the amount of new loans being approved with Interest Only repayments, collecting more detailed living expenses, larger assessment rates on new and existing loans.
With all these changes it has made it harder to switch if you want but the benefit of using a mortgage broker we have access to all types of lenders who have all different rules and assessment criteria. This means that you may not be able to get a loan with your current lender but can with another.
There are MANY benefit to switching your loan like: Better Rate, Fixing, Extra Funds, Consolidation of other loans, Access to better products that meets your personal situation.
If are looking to switch or are interested in discussing your situation call Streamline Finance Services today 0417 131 057