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Generally speaking it would require a full assessment from a lender which will check (amongst the usual items) serviceability over the shortened P&I term. Unfortunately it’s not usually a quick switch as it may have been in the past. The upside is, it may be an opportunity it review all of your lending and see if there’s a better option out there.
David Hui | Mortgage Capital Australia
http://mortgagecapitalaustralia.com.au
Email Me | Phone MeFinance Broker (Brisbane based - Australia-wide service)
Plenty of positive, recent google reviews.
David Hui | Mortgage Capital Australia
http://mortgagecapitalaustralia.com.au
Email Me | Phone MeFinance Broker (Brisbane based - Australia-wide service)
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