Mortgage Refinancing Reasons: Renovation

January 22, 2014/Tip of the week

If you carry out renovations, it often makes sense to refinance your mortgage and take out a construction loan so you only pay interest as building progresses. Once construction is over, it might make sense to refinance your home loan again so that you consolidate the total amount you owe into a loan that minimises your interest bill, while giving you a degree of liquidity. 

For all your lending needs please call the team at Aqua Financial Services.