Too early to refinance???

[Matt Mc]

Have spoken to the NAB about refinancing and they are saying that they wont revalue a property within 12 months..What other options are out there to refinance for renovations within the 12 month period?

Any suggestions welcome?

 

[Nicholas H]

You could always get a personal loan, granted you will pay higher interest, put once it is done, wait the 12 months, or refinance with another bank

 

[Rolf Latham]

Hi Matt

Thats something that the NAB would have know up front about the NABs policy - it does suck and lose them a lot of business.

Simply vote with your feet and take the business to another lender.

ta

rolf

 

[Matt Mc]

So I can refinance with another lender, just not NAB?

Any suggestions on who to go with?

 

[Rolf Schaefer]

Hi Matt,
unfortunately that is NAB policy. The only way to get a re-val and get access to the extyra equity is when you take your business to another lender. There are lenders out there with much better products than the NAB, trust me.