If you do not service your home loan regularly in the same way you service your car you could be missing out on thousands of dollars of savings every single year.

Taking the time at least once a year to review your structures and opportunities could provide you with remarkable savings that could boost your day to day living, provide investment equity or at the very least give you the peace of mind that your current loan is the best option and working well for you! The thing is that even small changes to interest rates and fees can make a huge difference over the lifetime term of your loan.
Refinancing your more expensive home loan is often a very simple process and the thousands of dollars of potential savings are well worth the effort. Furthermore, the opportunity to obtain a lower interest rate; the chance to shorten the term of their mortgage; the desire to convert from a fixed rate to variable rate or vice versa; the opportunity to tap into your equity in order to finance a large purchase; and the desire to consolidate debt provide strong motivation to at least review your current loan and lender.

Refinancing can be a great financial move if it reduces your mortgage payment, shortens the term of your loan or helps you build equity more quickly. When used carefully, it can also be a valuable tool in getting your debt under control.
If you haven't switched to a securely funded lower rate home loan then simply ask yourself - why not, as you consider some of the following key questions:

1. Am I paying an unreasonably high-interest rate?
2. Am I paying outrageous fees?
3. Am I frustrated by inadequate service?
4. Does my loan give me the features I need?
5. Am I paying for features I don't use?
6. Have my financial circumstances changed?

To make life easier for those wishing to check their home loan the Schuh Group Finance team are offering free consultations and reviews. With access to over 30 lenders, we will ensure that you have the information you need to choose the best option for you, we will also guarantee you the best rate available to you on any day. Plus, if you refinance with Schuh Group Finance this March or April, you will go in the draw to win a $2,500 Flight Centre voucher.