Home Loans Home loan Hi I'm need to refinance for l
Hi I'm need to refinance for land. Loan for $315k, value $650k. In a family trust name. However, highly possible the loan will be paid out in the next few months as we hope to sell it. I am aware we will have penalty fee's. TIA,    stacey o
Reply | Replied by : Xavier and 2 others

  • Scott


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    Hi Stacey Why not consider private funding or the like, it's a little more expensive, but very quick and very easy. No exit fees and the interest is prepaid with the loan proceeds. I hope that this helps Scott (I will on annual leave from the 3/8 - 14/8, but one of my collegues can assist while I am away if you neeed a hand.)

  • Gavin


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    Hi Stacey, With any refinance and paying out a loan early there will be fees and these fees will vary. Depending on how long you have had the loan there could also be a Claw Back from the Bank to the Broker and to you. If you would like to discuss this more, feel free to drop me an email through my profile. Have a great day.

  • Xavier


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    Hi Stacey - Happy to look at that with you and chat about the exit in a few months - if you want to contact me through my profile

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