The Real costs of Refinancing

Some of the most common reasons for changing lenders are:

·     Dissatisfied with your current lenders’ level of service

·     Excessive fees and/ or high interest rates

·     Lack of flexibility in your current loan

·     Seeing a better rate advertised by another lender

·     Debt consolidation

Refinancing a property loan can typically cost between $1000 and $4000 depending on the borrowers’ existing circumstances and the product they choose to migrate to.

The costs of refinancing may be made up of but are not limited to:-

·     Lender Mortgage Insurance

·     Application Fee

·     Exit Fees

·     Break Fees

·     Valuation Fee

·     Mortgage Registration Fees

·     Extra Transfer Fees/Stamp Duty

·     Legal Fees


Do you need to refinance?

Contact us @ propertyloans@realrenta.com


Marlene Liontis
Saturday, 7 March 2020

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