FAQ

1 . What is home loan switch?
Changing your current home loan provider (bank) to another bank or a financial institution and in the process saving yourself thousands of dollars in interest or obtaining better features offered by another loan provider.

2 . When should I switch my home loan?
Only if you can save money you should switch your home loan. You should make sure that you are saving considerable amount of money by switching to another lender.

3 . How does home loan switch work?

  1. Contact us.
  2. We find a lender with the best product and interest rates.
  3. When the loan is approved documents are sent to you.
  4. You review documents, sign and return to us.
  5. New lender contacts your current bank to book settlement.
  6. Settlement is done and your home loan is switched to a new lender.
  7. You save money.

4 . What fees are involved when switching a home loan?
The main fees are: exit fees, establishment fees, legal fees, stamp duty (exempt in some states) and valuation fees.

5 . What should I know before I apply for a home loan switch?
All fees involved, where are you saving money and how much, all positive and negative aspects.