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The EZ Finance Blog

The latest financial news, hints and tips for Aussie small business

The R Word - Keep It In Mind?

You may already have a loan. That’s great!


But whether we’re talking about commercial or residential property, business or vehicle assets…


REFINANCING can potentially save you buckets!


We go through more in our FREE Financial Survivors Guide for ABN holders you can download instantly - Click Here


Simply put, refinancing is the process of paying off existing debt with a new loan. You can set this up with a new or existing lender, depending on what is on offer.


Either way, it always pays to get help and seek expert advice.


Along with the obvious money savings, refinancing could be a key step in projecting your business into the next phase of growth. Especially if your business has been operating for some time.


Securing the lowest rate is not the only thing to consider. As the lowest rate doesn’t (in fact, rarely) guarantee the best value. Since lenders (mostly big banks) usually have some types of hidden fees and charges that make the loan a lot more expensive than just the advertised rate.


Why should you refinance?


- You're unhappy with your rate, or lender, and know there’s a better deal out there.

-You want to reduce stress and lower costs by consolidating finances.

-Your debt is becoming difficult to service, and you want to increase your cash buffer.

-Your fixed rate term has ended, and the new variable rate is unfavourable.

-Looking ahead, market conditions are improving and you’d like to lock in a fixed rate for peace of mind.


Still unsure if refinancing is the best way forward?


Refinancing is recommended at least every couple of years, since markets change and so do lender’s offers. It always pays to shop around!


Or get someone to do it for you, someone who has all the knowledge, experience and relationships to ensure you actually do get the best deal…


Get in touch with EZ Finance today.


Promise we don’t bite, in fact quite the opposite. We’ll make sure you purrr into that new vehicle or asset finance with minimal stress. No strings attached!


And if we can’t help you (this is rare) you’ve gotten yourself some free advice from a friendly broker you can trust.

By Phil Rice

CEO EZ Finance

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This page provides general information only and should not be used or interpreted as specific advice for your individual circumstances. Please seek specific advice about your finance needs from a Certified Credit Advisor. All finance applications are assessed on the individual applicants current financial circumstances which will reflect the interest rate offered by our panel of lenders. All loan applications are subject to the lenders lending parameters, terms and conditions.


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