To refinance or not? Would appreciate some advice

It depends what they're telling you. If they're telling you x-coll is fine and lumping everything in one loan is great b/ it keeps things simple, that advice is going to cost you a lot of money. They may think keeping it simple is in your best interest, but it's what they don't know that's the problem.

Use what you read here to question the person you're dealing with, they might have very good reasons for their recommendation. Or they may not actually have a good grasp of what you need. There's no harm in seeking extra clarification.

 

If you really know they are giving bad advice, may be time to move on, why don't you ask them to explain in detail and raise any points you have concerns with ?

Not all brokers are the same, that is for sure.

 

Thanks for replies guys, I have been asking questions last few days, as you all have said ,broker knows our details inside out and says she has searched thoroughly for what suits us best, so apart from interest rate, which is being relooked at, again, we will stay with her. Will say that apart from interest rate, Adelaide have never given us any trouble in getting money, equity release, etc.
My 'everything' is probably reading that self employed should probably buy in trusts, don't be with one lender, land tax, didn't know any of this and none have ever been mentioned over the years
till I read it here. Not even by accountant. Glad so many young ones have found this info early on these sites.
Now back to Xie, hope some of this helped you also.

 

It is pretty annoying that so many so called professionals can be almost as good as clueless.

 

I was thinking not of specific advice, more of , hey you have a couple of properties, might be worth your while to speak to a good!! accountant re setup, land tax etc.