Refinancing

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. 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

 

We offer in person, over the phone and videocall appointments, with no charge to you. You can book via our online booker on our website home page or give us a call on 03 5379 9261.