Mortgage refinancing for home repairs and renovations

If you are looking to add value to your existing home, you may wish to speak to your mortgage broker about refinancing.

Switching to a different rate can help save you money in the long-run – and help fund any repairs or renovations you may be considering.

Furthermore, the repairs you make may also save you money, particularly when it comes to your energy bills.

Victoria Lee, client relationship manager at independent lighting consultancy Light IQ, asserted that efficient fittings can help homeowners save money immediately.

She said: “Becoming a green homeowner is an excellent justification for an interior redesign of your home. The initial outlay of installing energy efficient light fittings can quickly be recouped in cheaper energy bills.”

If you are considering your mortgage refinance options, an experienced broker can help guide you through your various choices.

Your mortgage broker can help assess your current position and determine whether or not a move to another lender will be cost-effective.

If you feel like you could be getting more out of your current home loan, speak to your broker so you can consider your options, as well as any restrictions that may apply.


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