Money Tip of the Day

money tip of the day

money tip of the day


Take your dollar further with our very own lending specialist Michelle Kuskie, who is sharing her best money tips over the coming weeks. Each day Michelle will share a brand new tip right here and on air (River  949) to help you save more, spend less and work towards your financial goals for 2017.

Tip #64

While refinancing is relatively easy and can be made simpler by lending specialists, there are  several things to be mindful of before making the decision to switch. Amongst other things be aware of any fees and charges associated with your existing loan (such as break costs on fixed loans) and find out whether you will need to borrow more than 80% of the total value of the property – as this will mean you’ll need to pay Lender’s Mortgage Insurance – talk to your lender to find out.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

  The information provided to you is general and may not be appropriate for you. Conditions, criteria and fees apply to products. Please consider the Guide to Heritage Deposit Products or the Guide to Heritage Credit Card Products (available in-branch, by phoning 13 14 22 or at www.heritage.com.au) before you decide whether a product is right for you.

The information provided is intended as general information only. Blogs have been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. You should consider obtaining personal investment, taxation and/or legal advice before making any decision.  Please consider the Guide to Heritage Deposit Products and Guide to Heritage Credit Card Products (available in-branch, or at www.heritage.com.au) before you decide whether a product is right for you. All loans and credit cards are subject to application and approval. Conditions, criteria and fees apply and are subject to change without notice.