Aaron Whybrow delivers a short, informal video rant (Nov 2018) advising people to refinance only as needed rather than following blanket pressure from some brokers or banks. He urges assessing individuals' situations, understanding servicing approaches by lenders, and educating clients before refinancing. He invites viewers to share stories or pass the video to others who may be confused.
Hey, it's Aaron. Should you refinance everything or should you not? I think you should just do what you need to do. If you need to do it all, do it all. If not, not. Some brokers banks have irritated me recently by trying to need to refinance everything from everyone straight away. This is not necessarily the need. So let's go after the need. There are lenders that take different servicing approaches for other people's debt. Let's look at those. Let's get the person into the right position. Then we can go back, have a look at their situation, tweak and titrate it and go from there. If they do need to reservice, make sure they understand everything first. So many times do I go see someone that's come to me that they just don't understand why they need to refinance everything. So if this is you, share your story below. If not, and someone else is going through a similar thing and not understanding totally everything, share the video with them. There's ways to help, there's ways to understand things. So let's go out and get it done according to what your requirements are.