Refinancing | Mortgage Brokers for Paddington, Bardon, The Gap and across Brisbane
Refinancing your home loan can lead to some serious savings on your mortgage repayments. Our team at Mortgage Choice in Paddington will help you through the refinancing process from start to finish. By comparing your home loan with hundreds of others, we can quickly find out how much you could save and if there's a home loan that will fit your needs better.
What is home loan refinancing?
Refinancing is the process of replacing an existing loan with a new loan - usually with a new lender. There are plenty of excellent reasons to refinance to a new loan. We recommend reviewing your loan at least every 18 months - even every year - to make sure you're taking advantage of the changes in the market and competitive interest rates made available by lenders.
Homeowners can refinance to:
- Benefit from a lower rate and save money on repayments
- Access better features such as offset accounts, redraw facilities, portability & more
- Alter the terms of their home loan to pay it off sooner
- Switch between a fixed & variable interest rate home loan
- Consolidate debts to pay less in interest
- Take advantage of the equity in their home to invest, renovate or finance something else
While refinancing can help you make the most of your money and assets, it can also come with some costs, so it's important to make sure that the benefits outweigh the cost before going ahead. That's where we can really add value!
Step one: can you get a better deal?
The first step is to figure out if you can get a better deal on your home loan. Our team in Paddington will first compare your current home loan with hundreds of others on the market to see if we can get you a better deal.
Step one involves a free Home Loan Health Check. It only takes a short time & could save you serious money.
If a better home loan option is available, we'll discuss any costs associated with switching and what your savings could potantially be. Our Home Loan Health Check will at least give you peace of mind that you have the right home loan for your circumstances.
Step two: application & follow up
Just like any new home loan, we'll complete the refinancing paperwork on your behalf and will submit it to the lender. The team at Mortgage Choice in Paddington will then follow up with the lender to make sure that the refinance is progressing smoothly and answer any questions on your behalf.
Without needing to do the legwork, you can spend more time doing the things you love.
Find out more about refinancing
If you would like to learn more about refinancing and how it could save you money, check out some of our resources and home loan calculators. If you still have questions - contact our team at Mortgage Choice in Paddington - that's what we're here for!
- Compare interest rates with our mortgage calculators to see what you could save
- Click here to download our e-Guide to Refinancing
Book a free Home Loan Health Check
To get started with step one of the refinance process, book your free Home Loan Health Check with our team at Mortgage Choice in Paddington today! It's easy, and you can find out if you could get a better deal on your home loan.
Book an appointment with us online, or call us on 07 3369 5620
The team at Mortgage Choice in Paddington service the suburbs of Paddington, Bardon, The Gap & surrounding areas across Brisbane.
Is it time to refinance?
Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~