{"id":5176,"date":"2018-06-05T11:11:25","date_gmt":"2018-06-05T05:41:25","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?p=5176"},"modified":"2019-01-18T16:12:38","modified_gmt":"2019-01-18T10:42:38","slug":"refinancing-home-loans","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/refinancing-home-loans\/","title":{"rendered":"Refinancing Home Loans"},"content":{"rendered":"<h2>Refinance Home Loans with Antworks Money for Sizeable Savings<\/h2>\n<p>Dissatisfied with your lender and looking for a way to bring down interest rates so that you can pay off your <a href=\"https:\/\/www.antworksmoney.com\/home-loan\"><strong>home loan quickly<\/strong><\/a>? Consider refinancing options offered on the Antworks Money\u2019s online lending platform.<\/p>\n<p>We can help you with options to restructure your current loan and revise the terms\/conditions so that you don\u2019t have to pay more for home ownership. However, before pursuing the refinancing option, it\u2019s important to have complete clarity on the process.<\/p>\n<h3>What is a refinance home loan?<\/h3>\n<p>It is essentially a means of trading a secured loan for an all-new home loan from another lender to suit your financial goals. The reasons for the switch are numerous, but primarily to enjoy the benefits of better interest rates, lower EMIs, and newer repayment tenure. Refinancing can also be used to move from a floating to fixed interest rate and contrariwise.<\/p>\n<h3>Re-negotiations with the existing lender:<\/h3>\n<p>For starters, you can initiate talks with your existing lender and try re-negotiating the terms and conditions pertaining to your home finance. However, if it turns out to be a futile exercise, Antworks Money can help you choose a new lender for refinancing.<\/p>\n<h3>The process of online home loan transfers:<\/h3>\n<p>Refinancing is a relatively straightforward procedure<strong>. <\/strong>The application process is similar to taking out <a href=\"https:\/\/www.antworksmoney.com\/blog\/easy-home-loans\/\"><strong>easy home loans<\/strong><\/a>. It involves an assessment of the applicant\u2019s creditworthiness, authentication of the property documents and other legalities. Antworks Money is the perfect channel to apply for a home loan transfer. The entire procedure, from applying to getting approval and right through closing is accomplished online with ease.<\/p>\n<h3>Application procedure:<\/h3>\n<p>The application process entails tendering a request along with the essential documents to the current lender. Subsequently, the old lender will furnish a No Objection Certificate (NOC) and a statement citing the outstanding principal amount to the new lender. Once all the formalities are addressed including the appraisal of the property, the new loan will be sanctioned and the previous one closed. As per the fresh contract, the property documents will be transferred to the new lender and the remaining post-dated cheques will be duly canceled.<\/p>\n<h3>Additional Costs:<\/h3>\n<p>It must be noted that refinancing of home loans comes with some additional charges (processing and exit fees) which can add to the cost. The latter is the prepayment penalty levied on the borrower when he shifts to a different lender. Given that the objective of refinancing is to save money, it is imperative to ensure the endeavor being undertaken is profitable.<\/p>\n<p>Antworks Money offers a listing of a host of <a href=\"https:\/\/www.antworksmoney.com\/compare\/home-loan-offers\"><strong>home loan services provider<\/strong><\/a> to help you make smart decisions. We provide access to multiple loan programs complete with interest rates, terms\/conditions, additional fees etc.\u00a0 A quick side-by-side comparison can show how they stack up.\u00a0 Calculate the amount and choose the option with sizeable savings.<\/p>\n<p>If you have any queries, contact us to gain a better understanding of how we can guide you through the refinancing process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Refinance Home Loans with Antworks Money for Sizeable Savings Dissatisfied with your lender and looking for a way to bring down interest rates so that you can pay off your home loan quickly? Consider refinancing options offered on the Antworks Money\u2019s online lending platform. We can help you with options to restructure your current loan &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/refinancing-home-loans\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Refinancing Home Loans&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[56,57],"class_list":["post-5176","post","type-post","status-publish","format-standard","hentry","category-home-loan","tag-home-loan","tag-home-loan-offers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Refinance Home Loans for Sizable Savings - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"Refinancing is a relatively straightforward procedure. The application process is similar to taking out easy home loans. 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