What is refinancing? Replacing an existing loan with another loan offered by a different lender. (Changing a loan at the same lender is referred to as 'switching').
Why refinance? Banks and other lenders are constantly adjusting their offers so you may be able to take advantage of a lower interest rate, lower fees or additional features.
When to refinance? Plan a review every year or two, or any time your own requirements change. You might require additional finance to renovate; consolidate unsecured debts (credit cards and personal loans); or for many other situations.
Is refinancing complicated? Not if you call Mortgage Choice. We will tell you what documents to bring. At our meeting we’ll use our expertise to compare loans then, if refinancing is appropriate, we’ll prepare all the paperwork for the new lender and the old. You’ll be surprised how easy we make it.
What does it cost? Our services are free of charge to you whenever you apply for a residential home loan or an investment property loan. We’ll detail other fees and charges involved in a refinance, and if any lender rebates are available.
How do I refinance? Call us and we will arrange a time to meet with you to compare a wide choice of home loans from over 20 lenders. We’ll give you the right advice so you will be as happy as…!