Making sure it’s worth the move – to a new house or a new loan
With summer one of the most popular times to move, it’s worth making sure that moving house or moving your current mortgage between lenders is going to be worth all the hassle, says Tony Harris, NSW General Manager of NCF – The Money Store.

“If you are moving house, you have no doubt already gone through and made the hard decisions about why you are moving: hopefully you have done the maths on what it will cost in the short term compared to the long term benefits, and also given some serious thought as to how you’re going to fund your new home,” says Harris.

“You should also look at the same sorts of factors if you are moving your mortgage from one lender to another, because the reality is that there is lot involved in re-financing your loan.

“If you’ve done the sums and realised that the savings in loan repayments will be well worth the effort, it’s also worthwhile thinking about what the move will mean in terms of service levels from the lender, to have a close look at the loan structure, and to make sure everything matches your needs both present and future.

“One way to make the process of moving house a little less painful is to employ a good removalist, and the same should be considered when you’re moving your loan by using the services of an experienced mortgage broker.

“A mortgage broker can not only guide you through the mountain of paperwork that will probably be required, but can give advice on the loan that will best suit, highlight the lenders with the best deals for your needs, and explain the whole process in layman’s terms.

“Above all, a good mortgage broker should help make sure that the moving process – whether into a new home or to a new lender – has a happy and stress-free ending,” says Harris.

Tony Harris is the NSW General Manager of NCF-The Money Store, which is part of Terrain Australia Limited, Australia’s first publicly listed mortgage finance company. Harris is an Associate of the Mortgage Industry Association of Australia (MIAA) & Associate of the Australian Property Institute (API).

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Released for NCF-The Money Store by Dennis Rutzou Public Relations.
For further information please call Kristen Mackie
or David Lizzio on (02) 9413 4244.