You already have a mortgage: Why use a mortgage adviser?

You already have a mortgage: Why use a mortgage adviser?

If you think mortgage advisers are only there to help first-home buyers, you may be missing out.

While mortgage advisers can be a great help to people who are navigating the property market for the first time, we aren’t just here for those who are starting out.

There are lots of ways that mortgage advisers can help people who already have a home loan. Here are just a few of them.

Is your mortgage structure right? 

Many people don’t give a lot of thought to their home loans. They take them out, make the repayments and consider it taken care of.

But getting the structure of your home loan right can save you a lot of money in the long run, and may help you to get debt-free faster.

As mortgage advisers, we can help you work out what sort of fixed term might be appropriate and keep your eye on the amount of repayment you can afford. If we can assist you to identify opportunities to pay off a little extra when it’s possible, it can make a really big difference to the cost of your home loan overall.

We can also help you work out whether splitting your loan is appropriate for your needs and goals. Sometimes, having several smaller loans instead of one bigger one is a useful way to spread your interest rate risk, as well as giving you more opportunities to pay off your loan more quickly.

Maybe you want to consider a revolving credit facility as a way to get debt-free faster. We can help you determine how that could work for you.

Do you know what the most appropriate option is when it’s time to refix? 

When it comes time to refix some or all of your mortgage, it can be great to have someone on your side to help you work through the rates that are on offer, particularly when things have changed a lot since you last fixed.

As mortgage advisers, we know what rates are available in the market and can help you determine what will be a good fit for your budget and goals.

Moving on (or up) 

Once you’ve been in your home for a while, you might start thinking about your next move.

If you decide you’d like to buy another house, we can help you apply for a new loan, and to shift the security from your existing one, if that’s appropriate.

You might also want to discuss buying an investment property – as a mortgage adviser with sound knowledge of your circumstances, we are well placed to help you understand what you might be able to achieve, and how to get there.

Whatever stage you’re at of your property ownership journey, having a trusted mortgage adviser to help can be a big benefit.

Like to chat? 

Whether it’s time to refix, restructure or just think about a potential mortgage move, give us a call today. We will be happy to use our market knowledge to help you take your next steps.