Refinancing your home loan.

With all the changes in interest rates, are you paying the banks too much?

Don’t wait until your interest rates are sky high or you’re under financial pressure before you seek to renegotiate your home loans!

We can help you weigh up all the options to suit your individual circumstances.

As time marches on, situations change. Perhaps you’ve changed jobs? Or there’s a new addition to the family? Maybe you would just like a better rate? Perhaps the kids have flown the coop? Or maybe that tired kitchen has just reached the end of its life.

Refinancing your loan (or loans) with smarter structure, lower rates and taking a look at your life strategy can help to pay off your mortgage faster and for less, clear unhealthy debt, or upgrade and add value to your home, all of which are steps in the right direction.

To fix or not to fix?

Current changes to interest rates are seeing customers think about fixing their interest rate to create a buffer if rates go too high. But is that right for you? We’re always happy to help you look at different scenarios and make sure you’re getting the right loan for you.

If you’re currently on a low fixed rate and it’s due to expire, get in touch with us soon, so we can help you with a plan before the change happens. 

Three main reasons to refinance

Interest rates are too high

Structure of your loan isn't to your advantage

Combination of loans aren't leveraging each other

We’re working 100% on your side to make sure your lending plan is strategically working in your favour to get you to where you want to be!

Common questions for those thinking of refinancing

Now is always a great time to shop around or check that you have the right loan and structure for your needs. We’re a great starting point. It will depend what interest rate you’re currently paying, what type of home loan you have (e.g. fixed, variable, interest only, line of credit) and what features you want in your loan. We can quickly explain your options.

This is one of the reasons some people refinance. The advantage is that you pay a much lower interest rate on a mortgage than for most other forms of debt – e.g. credit cards, overdraft facilities, personal loans etc. Providing you have sufficient equity in your property, you may be able to consolidate all your debt on a home loan. If you take this option though it is important to make sure you maintain your repayments of the debt that you consolidate at their current level, or you could easily end up paying more over a longer period of time. Speak with us today to discuss your personal needs.

We’re all unique when it comes to our finances and borrowing needs. Get an estimate on how much you may be able to borrow (subject to satisfying legal and lender requirements) with our clever loan options tool. Chat to us when you’re ready, we can help with calculations based on your circumstances.

Our guides to loan types and features (links) will help you learn about the main options available. There are hundreds of different home loans available so talk to us today.

Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.

Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply in your circumstances.

Let's chat

We will call you as soon as we can to chat about what you are looking for and how we can help you get there. Nothing formal just a good old fashioned conversation.