Refinancing options
Looking to expand or just looking for a better rate? Explore competitive offers.
Why consider refinancing?
Do you know your current interest rate—or whether better options are available? Many homeowners are surprised to learn that refinancing can unlock more competitive rates and improved loan conditions, potentially saving thousands in interest and fees.
Refinancing can also help you access equity in your home, often through a property valuation, giving you the flexibility to fund renovations or upgrades.
Ready to explore your options?
Speak with an adviser today and take the first step toward smarter home finance.
Key Features:
- Interest Rate Reduction: One of the primary reasons for refinancing is to take advantage of lower interest rates, which can lead to significant cost savings over the life of the loan.
- Loan Term Adjustment: Refinancing allows you to extend or shorten the loan term, which can affect the size of your repayments, and the total interest paid.
- Access to Equity: For property loans, refinancing can provide access to the equity built up in your property, which you can use for renovations, investment, or other purposes.
- Improved Loan Features: Switching to a loan with features such as offset accounts, redraw facilities, or the ability to make extra repayments can offer greater flexibility and savings.
Considerations:
- Costs of Refinancing: We need to keep in mind the costs involved in refinancing, such as exit fees from your current loan, application fees, and any legal or valuation fees associated with the new loan. They need to be carefully considered to ensure switching finance is actually worthwhile for you.
- Break Costs: If you are refinancing a fixed-rate loan, there may be significant break costs to consider, especially if interest rates have dropped since you locked in your rate.
- Loan-to-Value Ratio (LVR): Your LVR may change with a new loan, which could affect your eligibility for certain loan products or require you to pay Lenders Mortgage Insurance (LMI).
- Financial Goals: Ensure that refinancing aligns with your financial goals and improves your overall financial situation, rather than just offering short-term relief.
Role of an Adviser
Guiding you Through Every Step
We’re here to simplify the process and give you confidence at every stage.
Our services include:
- Market Insights: Stay informed with the latest loan options from a wide range of lenders.
- Tailored Solutions: We take the time to understand your goals and financial position to match you with the right loan.
- Application Support: From preparing documents to lodging your application, we ensure everything meets lender requirements.
- Clear Communication: Acting as your point of contact, we manage negotiations and correspondence to keep things moving smoothly.
- Ongoing Assistance: From pre-approval through to settlement, we’re here to answer questions and provide support throughout your journey.
Ready to take the next step?
Contact our team today and start your home-buying journey with confidence.
