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Refinancing
Refinancing Your Current Loans
We can help you refinance your loans whether for your home, investment, car, boat, personal or business loan. Lending statistics show that anyone with a loan should review their loan every 12 months.
Situations can change rapidly in many aspects of life, including the finance industry. For this reason we believe borrowers should review their loans on a regular basis, to take advantage of any new offers or alternative loans that become available on the market.
Managing debt and budgeting are two aspects of finance where it is important to get it right. With a myriad of bank and lending products together with increasing living expenses, it is important to secure sound lending and financial advice.
Reviewing and refinancing your loans
Debt consolidation
Should you have two or more of the following loans, you may find it advantageous to consolidate them into one easy-to-handle debt facility:
•Home loans
•Car loans
•Personal loans
•Credit or store cards
By consolidating these loans into one facility, you can achieve a lower overall interest rate, together with lower fees.
Frequently asked questions
Can refinancing help me reduce my home loan repayments?
Yes. Accessing a lower interest rate or extending the loan term can reduce monthly repayments meaningfully. Even a modest rate improvement adds up significantly over the life of a loan, which is why refinancing is worth reviewing regularly, not just once.
How much does it cost to refinance a mortgage in Australia?
Refinancing involves costs including discharge fees, application fees, valuation fees, and legal costs. These vary by lender. The right question isn't just what it costs to refinance, it's whether the long-term savings justify it.
Can I refinance my home loan to access equity in my property?
Yes. Refinancing to access equity is one of the most effective ways to put your property's value to work. That equity can fund renovations, investments, debt consolidation, or other financial goals, subject to lender approval and a clear plan for how you'll use it.
Will refinancing affect my credit score?
Refinancing involves a credit check, which can have a small temporary impact on your score. Managing your new loan responsibly will support your credit profile over time, and the financial benefits of refinancing typically outweigh this short-term consideration.