Review my loan: is that necessary?
Having your loan revised can sometimes have advantages. The economic situation and therefore also the interest rates on loans often change. Banks and financial institutions are not always inclined to review a loan because for them it means a loss. But the revision of a loan can mean money for you!
For example: you took out a mortgage loan years ago at a certain interest rate. In the meantime, the interest rates for such a loan have changed and a revision of the loan is certainly worthwhile. Taking out a new loan with a better interest rate can save you a lot of money.
A revision of a loan also involves costs
You should also take the costs into account when revising a loan. If you have your loan revised and take out the old loan early, you will pay a reinvestment fee for this. In addition, there are other costs such as administration costs, a new mortgage loan, etc. If these costs are higher than your profit when revising your loan, you should not start revising your loan. If the entire picture is in your favor, do not hesitate to revise your loan!
A revision of your loan: do it for a reason
It is not always the best choice to review a loan. In certain cases, such as carrying out a revision of the loan at the end of the term, it does not really pay. Have your loan revised if, for example:
- You want to repay less every month
- You want to reduce the term of the loan
- You want to keep the duration and the monthly repayments, but want to reinvest already repaid capital
Have your loan revised by Good Finance
A bank or financial institution does not like revising your loan and they are not obliged to do so. That is why it is your best choice to have your loan revised by Good Finance ! We have contacts with various credit institutions and banks and investigate the most competitive options for your situation. We then propose the best revision of your loan. For this you do not have to walk all banks and negotiate everywhere. Good Finance does this for you!