First Rate Mortgages

EXPERTS IN REFINANCING HOME LOANS,
MORTGAGES AND CONSOLIDATION

WE CAN HELP YOU UNDERSTAND HOW TO TOP UP YOUR HOME LOAN

When you are topping up your mortgage it is often for a particular purpose or goal that you are looking to achieve. Whilst this can include debt consolidation it more often is a term used when you want to do things like property improvements, take an overseas holiday, buy a new car or boat, help one of you children into a home or cover dental / medical costs.

The term top up implies that you are adding this to your current mortgage and this can be done if you are on a floating rate at any time, or if fixed, at the expiry of the term. You can also have a separate loan on a shorter term basis.

There are times when your Bank will not assist with this, as they feel you have insufficient equity, income or a poor repayment history. In this instance a second mortgage may be an option or a full refinance to an alternative lender.

If you need a little extra on your Home Loan contact First Rate to discuss a top up.

WE CAN HELP YOU UNDERSTAND HOW TO TOP UP YOUR HOME LOAN

When you are topping up your mortgage it is often for a particular purpose or goal that you are looking to achieve. Whilst this can include debt consolidation it more often is a term used when you want to do things like property improvements, take an overseas holiday, buy a new car or boat, help one of you children into a home or cover dental /medical costs.

The term top up implies that you are adding this to your current mortgage and this can be done if you are on a floating rate at any time, or if fixed, at the expiry of the term. You can also have a separate loan on a shorter term basis.

There are times when your Bank will not assist with this, as they feel you have insufficient equity, income or a poor repayment history. In this instance a second mortgage may be an option or a full refinance to an alternative lender.

If you need a little extra on your Home Loan contact First Rate to discuss a top up.