Mortgage Broker – Established Residential Investment & Home Loan Specialist

Refinance Home Loan - Refinancing clients to a Lower Interest Rate

Refinance Home Loan

Hello, my name is Nathan and welcome to my Refinance Home Loan web page. I specialise in assisting clients to refinance their home loan to a lower interest rate, which can potentially save the thousands in interest and years off their home loan term.

Not only will I assist you to obtain a lower interest rate when refinancing your home loan, I will assist you to get your money working in your favour – not the banks!

And Mortgage Broker can assist you to get into a Home Loan but I will teach you how to get rid of a Home Loan with tips and tricks the banks don’t want you to know about.

Refinance Home Loan – Perth Hills

To narrow down my niche product and service starts with the main suburbs I work to refinance home loans. Born and bred in Perth WA, I have clients far an wide across our great state but my preference is to assist those clients who are within 20kms of my home office in Parkerville.

The Perth Hills suburbs I specifically work in to refinance are located at:

  • Gidgegannup WA 6083 – Home Loans
  • Mount Helena WA 6082 – Home Loans
  • Stoneville WA 6081 – Home Loans
  • Parkerville WA 6081 – Home Loans (home office)
  • Sawyers Valley WA 6074 – Home Loans
  • Mundaring WA 6073 – Home Loans
  • Mahogany Creek WA 6072 – Home Loans
  • Hovea WA 6071 – Home Loans
  • Glen Forrest WA 6071 – Home Loans
  • Darlington WA 6070 – Home Loans

Refinance Home Loan – Property Criteria

Being a Refinance Home Loan expert also requires a specific Property Criteria, which includes:

  • Less than 10 Hectares (24 Acres)
  • Land use classification of:
    • Residential or
    • Rural Residential
  • Property is not used for Commercial purposes, meaning income generating
    • Hobby Farms are excluded so long as the money generated is not used to go towards the serviceability of the refinance home loan
  • Connected to town power
  • Connected to town water
    • As I live in the area and my own property relies on a bore and rain water, Lenders will assess these properties on a case by case basis
  • Established livable building that is 95% to 100% complete
    • I do NOT refinance home loans that are secured by vacant land or properties that are under construction/renovation and are not yet finished

Refinance Home Loan – Loan to Value Ratio (LVR)

When I Refinance Home Loans the maximum LVR is 88% and the Lender’s Risk Fee or Lender’s Mortgage Insurance (LMI) is capitalised on top of the loan amount up to 90% LVR.

How can you calculate your own LVR before applying to Refinance your Home Loan? Example:

  • $400,000 Home Loan
  • divided by
  • $500,000 Estimated Property Value
  • times by 100
  • = 80.00% LVR

When the LVR is equal to or less than 80% you can avoid having to pay any Lender’s Mortgage Insurance (LMI). This is why every Lender will want to obtain a Valuation Estimate over your property that is being Refinanced.

Refinance Home Loan – Summary

If you want to Refinance your Home Loan, seeking a lower interest rate and you property fits the above criteria and your LVR is less than 80% I can beat ANZ, The Commonwealth Bank, NAB & Westpac’s variable interest rate.

Before we refinance home loan I need to make sure that there is a benefit in doing so, either by the lower Interest Rate, a more flexible product or the services I can provide exceed what you are currently receiving.

I you are interested in getting in touch, please visit my Contact Us page that details my direct mobile number and email address.

I look forward to hearing from you soon.

Best wishes for now.

 

Nathan Daniell
Simplify Your Mortgage Pty Ltd
Australian Credit License Number: 387974

P.S. Thanks for visiting my Refinance Home Loan web page and I hope I can assist you to achieve your goals.

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