Refinancing your home loan
Australia’s home loan market is huge, with dozens of lenders fighting for your business. So if your home loan is a few years old, it might no longer be as competitive as it once was.
That’s why you might want to think about refinancing your home loan to a different lender.
Refinancing can come with some pretty big benefits, such as:
- Lower interest rates – saving you a significant sum of money over the life of your loan
- Better features – giving you more flexibility in how you repay your loan
- Borrowing power – letting you borrow against the equity in your home, so you can renovate your home or buy an investment property
- Debt consolidation – rolling higher-interest loans (such as a car loan or credit card debt) into your new lower-interest home loan, so you reduce your overall repayments
We apply our extensive knowledge to find a solution that is right for you and guide you throughout the loan application process.
Those are the main reasons why tens of thousands of Australians refinance their home loan every year.
However, refinancing isn’t suitable for every borrower – and it does come with fees attached. One of our Finance Brokers can help you do the sums so you can make sure it’s the right move for you.
If it makes sense, your finance broker can then do the legwork to find you a great loan that matches your personal circumstances.