When you are getting your home loan, there are different discount margins used by the lenders to calculate the net interest rate that you would be paying.

A sample of a real credit contract for a home loan is shown in the extract below:

In this example, we can note the following:

Buying vacant land and building a house on it is an exciting plan. People get easily sold to the idea that they would be building their dream house and the temptation is even more when the selling agent provides well-articulated pressure tactics.

Home Loan is probably the biggest debt you currently have. It is important to make sure that you are paying competitive repayments, the products are relevant and the facility is being used effectively. Home Loan Health Check is a quick 10-minute session with one of the experienced mortgage consultants to find out if any further actions are needed to get best out of a home loan.

When you change from one lender to another, we call them to refinance.

As things change over time, your needs and circumstances may change as well. When you review your position and find out that you need to re-structure your home loan, you would consider refinancing.

Refinancing can be considered in the below circumstances: