Refinancing
Refinancing
Refinancing involves replacing an existing lending facility with a new one that effectively clears the debt of the original one. Refinancing may occur with the current lender or an alternative lending provider. Changing lending providers may be due to changed circumstances of the borrower, a more competitive offering elsewhere, or dissatisfaction with the current lender.
Refinancing should be approached with better outcomes in mind to make the whole process worthwhile. This generally involves achieving material cost savings, which will improve the financial position of the borrower in both the short and long term.
Often, refinancing occurs when additional funds are needed, and therefore, a top-up to the original loan amount is required. Again, this may be done through the current lender, or it may be considered an ideal time to `look around’ at what options are available in the marketplace.
Epsom Finance have helped many clients achieve satisfactory refinancing and/or top-up outcomes, while making the whole process quick and easy.
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5A Crescent Road, Epsom
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+64 21681919
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kelly@epsomfinanceltd.com
