Refinancing your Home Loan

Learn why and how to refinance

Why should I review my home loan?

When life is already busy it can be tempting to ‘set and forget’ your home loan, but those who regularly review it and make changes when appropriate, tend to pay off their loan much more quickly.

While your home loan may have been right for you when you first took it out, there are several factors that can change over time and mean it is no longer the most suitable or cost-effective option for you. For example, perhaps you are renovating or building, looking to invest or buy another property, wanting to reduce your interest and/or loan repayments, or going through big life changes such as marriage, divorce or moving. Alternatively, you may want to access a loan that offers a better financial outcome for you than your existing loan.

How can a refinance help you?

You may be able to:

access a lower interest rate and save interest over the term of your loan
access loan features that are more suitable for your current circumstances, such as an offset account, redraw facilities, or a fixed rate
access lower fees, better customer service or a better online or mobile interface
consolidate your debts to simplify your budget and save money
increase your loan amount to access funds for renovating or investing

Why choose a mortgage broker?

My services don’t stop when your loan is settled, I’m your broker for the life of your loan and will be in touch regularly to review your home loan for you. I will check to see if it is still competitive, continues to meet your needs and compare this against the other options available.

It makes sense to use a mortgage broker to arrange your loan because:

I have access to loans from a range of lenders so there are plenty of options to match your unique requirements
I focus on your long-term plans to ensure the loan is suitable to achieve your future goals
As a local small business owner, I’m motivated to provide a first-rate, personalised services as getting referrals and repeat customers is how I build my business
How lenders calculate borrowing capacity and what type of loans they will consider is constantly changing. I save you time and the risk of having an application rejected by knowing which lenders are appropriate given your circumstances
I know what information lenders need to see and how it should be presented to give you the best chance of success. This is particularly helpful if you have complicated circumstances for example, are self-employed
I have existing relationships with the lenders and can negotiate a competitive deal and resolve any challenging situations
I make the loan process much simpler by helping you navigate the often confusing world of finance. I take on most of the administration required, minimising the time-consuming paperwork and stress for you
For those with multiple loans, I can assist with structuring the effectively to minimise interest and expenses
I check in with you regularly after settlement in case your circumstances have changed and to ensure you are still getting a competitive rate and that the loan continues to suit your needs
Selecting the right loan can have far-reaching positive ramifications for your financial future so it’s essential you get the right loan from the start. I can provide objective, individualised, quality mortgage advice

Get expert advice

The objective of a refinance is to move to a loan that will improve your financial position, or is more suitable to your personal situation. In some circumstances, you may not be able to get a better deal on a new loan and may be better off with your existing loan. Refinancing can be complicated as there are many things to consider, so it is highly recommended you refinance through a mortgage broker. I can assess your personal circumstances and help you determine if a refinance is right for you.

Everyone’s circumstances are unique. Please contact me for more details and personalised advice.