Refinancing

Refinancing

Banks are competitive & the industry changes quickly, so chances are there are some great rates or features that weren't available to you before.

Our home loans have a big impact on our lives, it can be easy to switch from one loan to another, and in doing so you can put yourself ahead financially. 

 

So it’s good to know that you have the freedom to switch between different lenders & products, “as you life changes, so should your home loan.”

 

STEP ONE:  starts with a FREE  Home Loan Health Check

Our review will compare your current home loan with hundreds of others to see if we can find you a better deal. 

 

Would you be better off with a different home loan product or lender?

It only takes a few minutes and could save you money!

 

A lower interest rate could save you money | Find out with our home loan calculators 

 

We take into consideration your current circumstances as well as the repayments, remaining balance, and other loan features, as well as the offerings from other lenders. 

If we feel that your loan is no longer suitable or we find a better offering, we may be able to help you refinance to a new lender or reprice with your current lender for a better loan.

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

 

You might also be interested in:

• Our quick home loan calculators
• Download our free e-guide on refinancing your home loan

 

Contact Glyn Camilleri and the team at Mortgage Choice on 0433 251 953 or email glyn.camilleri@mortgagechoice.com.au