Existing mortgage loans

It may benefit you to consider the refinancing of your existing mortgage loan. This is as your risk profile may have changed since your original mortgage loan was incepted.

You may earn a larger salary now, and it is most probable that the value of your property has risen. What this could mean is that you would now qualify for lower interest rates, and may even have more types of mortgage loan repayments open as options.

Getting a new mortgage loan can, in such cases, save you up to half of the original mortgage loan value.

Refinancing your mortgage loan will also give you the following options:

• The capital you gain can be used to invest in a new vehicle or university education for your children.
• You can get a new mortgage loan to finance extensions or renovations to your home. The benefit of this will also include an increase in your property's value.
• You may prefer to consolidate all your outstanding debt, such as credit cards and cars, into a single monthly installment at the lowest possible interest rate.
• When starting a new business, it is often difficult to raise capital without incurring severe interest rates. Obtaining the necessary funds from your mortgage loan allows you to borrow money at a much lower rate.

Financial organizations will offer you a variety of products, ranging from fixed and variable rates, to flexi-mortgages and one-accounts. It is in your best interest to consult a professional to help you choose the best option for you.

CKM will aid you in your venture. You can make use of our free home valuation service before applying online at CKM for a new mortgage loan. Our advisors will consult all the different banks for you, returning to you with all of their offers for your consideration.

We will help you choose the best new mortgage loan for the best rates out there.