Refinancing | Mortgage Broker Bayside
Refinancing your home loan can mean some serious savings on your mortgage repayments. The team at Mortgage Choice in Bayside will help you through the refinance process; comparing your home loan with hundreds of others to see if they can find you a better deal.
What is refinancing?
Refinancing is the process of replacing an existing loan with a new loan and in some cases, a new lender. We recommend reviewing your loan at least every 2 years to take advantage of the changes in the market and competitive interest rates released by lenders.
People usually refinance to:
- Take advantage of a lower rate and save money on repayments
- Get better features such as offset accounts, portability and more
- Change the terms of their loan to pay it off sooner
- Switch between fixed & variable interest rates
- Consolidate their debt and pay lower interest payments
- Release equity to spend on renovating or investing
Refinancing guide
Considering refinancing? Our guide explains the reasons, costs and steps involved in refinancing your home loan and how the team at Mortgage Choice in Bayside can help.
A free Home Loan Health Check
The first step is to figure out if you can actually get a better deal on your home loan.
Our free Home Loan Health Check means our team will compare your current home loan with thousands of others on the market to see if we can get you a better deal. If we can find a lower rate or better features, we will then:
- Talk you through any costs assocaited with refinancing your loan
- Check out any cashback offers available to you
- Complete the application to submit to your new lender
- Organise the discharge from your current lender
- Let you know when your home loan has settled
"Thanks to Tim & his crew in Bayside. Even in difficult Covid working conditions, with a non tech savvy customer & an unhelpful ex-Bank lender, they managed to get my loans refinanced at great rates before Xmas." (John Sly, Brighton East)
Get started with the Bayside team
When you're ready to get started, contact the team at Mortgage Choice in Bayside. For us, it's all about helping you reach your financial goals.
Call: 03 9589 7277 Book your free Home Loan Health Check
