Refinancing
Home loans have a big impact on our lives - it’s important to get them right for you.
It can be quite easy to switch from one loan to another, and in doing so you can put yourself ahead financially.
Banks are competitive & the industry changes quickly, so chances are there are some great rates or features that weren't available to you before.
So it’s good to know that you have the freedom to switch between different lenders & products, “as you life changes, so should your home loan.”
It just starts with a FREE Home Loan Health Check
The first step with refinancing is seeing if you would be better off with a different home loan product or lender.
Our review will compare your current home loan with hundreds of others to see if we can find you a better deal.
A lower interest rate could save you money | Find out with our home loan calculators
We take into consideration your current circumstances as well as the repayments, remaining balance, and other loan features, as well as the offerings from other lenders, to ensure you have a FULL comparison.
If we feel that your loan is no longer suitable or we find a better offering, we may be able to help you refinance to a new lender or reprice with your current lender for a better loan.
There are many reasons why you might consider refinancing such as securing a better interest rate or getting cash out of your loan.
The process and timeline is similar to your original loan, and we typically require the same documents.
It is important to consider both the benefits and costs of refinancing.
Benefits
- Secure a better interest rate
- Access home equity
- Consolidate debts
- Taking advantage of different loan features
Costs
- Exit fees
- Borrowing costs
- Lenders Mortgage Insurance (LMI)
- Stamp duty
You might also be interested in:
Contact Nathan Newlan and the team at Mortgage Choice on 03 5441 3600 or email nathan.newlan@mortgagechoice.com.au
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
