Looking to refinance your home loan?

Not sure if you are getting a fair deal? After reading this, you will know.

At Cams Home Loans our people have years of experience helping people just like you get a fair deal. With over 150 million dollars written in every state and territory, there is very little we haven't seen.

What defines a good deal will vary depending on your situation and loan structure. There are a whole assortment of different offerings banks have that suit people differently. So its really just a matter of figuring out what structure works best for you, and then securing you the best rate possible under that structure. 

Here we always recommend factoring in the different benefits of different packages, and not necessarily chasing the best interest rate. 

For example, going with a variable rate product means you will likely get both an offset and redraw facility, furthermore you will be able to make additional repayments as it suits you. Variable rate products are the most flexible mortgages on the market, allowing you to be more in control of your finances. 

The trade off is that  variable rate loans are more expensive products, garnering a substantial premium over other home loans. So the question is, will you save more by getting the best interest rate? Or by getting a product that will allow you to make extra repayments, saving on interest in that manor?

This is why talking about your personal objectives with a professional is just so vital, because at the end of the day there is no right or wrong answer, it's personal. Some people want to make extra repayments, others want to focus on their lifestyle.

Below we have noted some offers from various lenders to show what is a good rate under different structures.  These suggestions have not factored in your personal circumstances and we strongly advise paring your investigations with a professional consultation.

If you are looking for professional guidance from someone you can rely on, we would love to help. Book in your free financial health check-up below!