Refinance your home loan
Advice on refinancing your current debts to get a better deal.
When people contact us to refinance, the number one thing on their minds is usually how to get a better interest rate and reduce their home loan repayments.
They often also have other debts like car loans or credit cards and want to consolidate these to save on repayments. Or they may be considering buying an investment property or renovating, so wish to ensure their current home loan is optimal first.
There are typically four different situations which involve refinancing, depending on what you want to achieve:
- Negotiate a better deal with your current lender – if you are happy with the service from your current lender, but would like a better deal;
- Refinance to a new lender – if we can get a better deal for you elsewhere;
- Consolidate your existing debt – if you have a number of small debts like car loans, credit cards and personal loans (along with your home loan) using up your surplus funds we will consider a loan increase (either with your current lender or a new lender) to simplify and reduce your repayments.
- Accessing money – for example, to renovate, buy an investment or buy shares
To determine which approach is best for you, we need to understand how you are managing your money, home loan and other debts right now. Then we consider any financial goals you might have over the next few years.
One of the reasons people choose us to help them refinance their debt is that we will guide you through from the start, by showing you how to get your finances ready to apply for the refinance, and then advise you on the best refinancing approach for you.
We have long term relationships with all major lenders and with our expertise in banking policy, you can feel confident that we have a good chance of getting your refinance approved.
Best of all, we don’t charge you a fee to use our service as we are paid by the lender when your home loan settles.
Have a home loan and other debts like a car loan, credit cards or personal loans.
Hear of other people getting a better interest rate or deal than you.
Are preparing to buy an investment property within the next year.
Are planning to take time off work in the future, for example, go on maternity leave or start a business.
Need a small amount of money to pay for some home renovations.
Steps to refinancing
This is our simple process to refinance your debts:
2. Home loan application for the refinance
3. Getting your refinance approved
What our clients have to say.
Victor was so helpful and patient with us when buying our first home. No question was stupid, he responded to emails/texts promptly, after hours appointments weren’t a problem. Would definitely recommend him.
Victor was absolutely fantastic and we could not have asked for a better mortgage broker. He was very professional and so helpful every step of the way from first meeting up until everything was settled. Victor made sure everything was as easy for us as possible. Victor definitely had our best interests and goals at the forefront. Absolutely deserves 5 stars!
Viktor was extremely professional and knew what he was talking about. He offers great service for everyone and tells you the honest truth. He tells you what you need to hear and will keep you in track to reaching your goals. Honest, professional and knows-it-all.
Looking for guidance before you get started?
Home Loan Offset Accounts can save you money on a home loan, but only in the right circumstances. It is very common for people...
Secure bridging finance quickly and simply with Blackk. We’ll find you the best products available and help you get approved fast.
Seven options to help manage your mortgage repayments (and budget) through COVID-19, including the mortgage freeze. If you have...