Refinance your Home Loan | Greensborough, Eltham and Diamond Creek
What does it mean to refinance?
As the Reserve Bank continues to increase interest rates to curb runaway inflation in Australia, it may be time to revisit your home loan - especially if your fixed rate is expiring or you've held your home mortgage or investor loan for a couple of years.
Refinancing refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender. Typically borrowers approach refinancing as a way to obtain a lower interest rate for their home loan commitments. While rates are important, equal consideration should be given to individual financial circumstances and goals to inform a best-fit loan stategy and structure.
Home loan refinancing benefits
Are cashback deals better than a low rate?
Cashback deals are very popular at the moment with some lenders offering up to $5,000** in cashbacks. But are cashbacks better than a low interest rate?
Your home loan is a long term commitment. So, before jumping onto a cashback offer, contact our experienced mortgage broker team or use our free home loan quote below to know your numbers.
We're on your side
Our mission is to help clients achieve their financial goals through sound home loan strategy and advice.
Let us help you crunch the numbers and match you with a home loan best suited for your needs. We can assist you with your home loan, car loan and insurances.
Meet your team
Client testimonials
Stephen Mascoulis, Dimond Creek VIC
"Not just Debra but the whole Mortgage Choice team from Greensborough was fantastic!! Very friendly feel like they really care love helping you out, nothing is ever to difficult for them and they always go the extra mile to make sure everything is done correctly and in time. We have already recommended them to friends and family. Will definately be back in the future for any other financial assistance."
Want to explore refinancing and cashback options? We can help you.