Self-Managed Super Funds (SMSF): Refinance Existing Loans

Accelerate your investment strategy by refinancing your SMSF home loan to a better lender

If you have an existing Self Managed Super Fund (SMSF) home loan with a major bank or have had your existing SMSF home loan for over 3 years, you should consider refinancing to potentially lower your interest rate.

Major banks have withdrawn from this market leaving clients on higher non-discounted rates. Competition amongst remaining lenders is fierce and if you have accumulated more equity since your loan was taken out, your could also benefit from a lower LVR with lower SMSF loan rates.

Ian Manieri is an award-winning SMSF home loan specialist and SMSF refinance expert who can help. Accredited nationally with multiple leading lenders in the SMSF segment and with digital processes in place, Ian can assist with refinancing your SMSF loan into something more competitive including direct comparisons to your existing loan regardless of your location.

To schedule an appointment with Ian, call 02 4335 1405 or book an appointment online below.

BOOK A FREE SMSF REFINANCE APPOINTMENT NOW 

Simple Refinance Process Available

While refinancing can seem like a daunting process, some SMSF refinances can be completed using a "simple refinance" process. 

Approvals for a simple refinance can be granted by providing evidence of previous legal advice obtained for your existing loan, regular supporting documents such as ID and trust deeds, plus a loan statement for the last 12 months that shows you are refinancing to a lower rate and repayment.

Of course this is subject to the lenders criteria, so please reach out for further information.

Common SMSF Home Loan Refinance Questions

Q. Is it expensive?
A. No - fee waivers and discounted rates are offered by many SMSF lenders for those looking to refinance. Usually any remaining fees can be incorporated into the loan amount.

Q. Can I or the Self Managed Superannuation Fund obtain cash-out?
A. No. All refinances are dollar-for-dollar refinances, but costs can be covered in the loan amount. Surplus funds are deposited back into the loan account.

Q. The paperwork was complicated last time. Do we have to go through that again?
A. When you refinance, simply providing copies of the previous documents is usually good enough for the new lender. If you obtained legal advice last time, providing evidence of this will also often eliminate the need to obtain legal advice again. 

Q. How long does the process take?
A. It usually only takes a few days for the application to be assessed and a valuation completed by the new lender before documents are issued - often electronically. It is not unusual for the new lender to be ready to settle before the old lender has prepared the discharge!

Q. Should we just call our existing SMSF lender and ask for a better rate?
A. Absolutely, in fact it is recommended you do so - however only lenders who still write SMSF loans will provide a discount.

Q. What do you charge for your services?
A. There is no charge for our services provided the refinance is over $150,000 in utilised funds. Amounts lower than this will incur a $990 fee inclusive of GST payable upon application.

Get SMSF home loan advice from an expert!

SMSF Home Loans can be complex. Ian Manieri has many years experience in this space and has accreditations with a large number of SMSF lenders. Ian has also exceeded the minimum SMSF lending compliance and certification training from external registered training organisations.

Contact Ian Manieri - your SMSF Home Loan  refinance expert on 02 4335 1405 for a chat, or use the "Book an appointment" button below.

BOOK A FREE SMSF REFINANCE APPOINTMENT NOW