Refinancing | Home loans St Lucia, Toowong & Kenmore

Start your home loan journey today

Refinancing your home loan in St Lucia and the surrounds

Do you know your current interest rate? Many people don’t! In the current climate, there has never been a better time to think about refinancing, especially if it’s been a while since you checked on the health of your loan, or if you are coming off a fixed rate.

The obvious drawcard to refinancing is that you can lower your repayments by reducing your interest rate, but there are also numerous other benefits that may be relevant to your particular situation. These can include reducing fees, accessing equity, or even getting additional features. While refinancing might seem difficult or expensive, My Nguyen is here to help you weigh up the costs and advantages and find the perfect new loan for you. You might be surprised by how much you could save!

Get a free home loan review

Refinancing to access equity

When you refinance and reduce your interest, you are also increasing your home equity. Your equity can be a powerful tool to help you finance other ventures. With your equity, you could fund

The deposit on an investment property
A new car
A family holiday
Renovations or upgrades to your home

You may have accrued more equity than you think already if you have been paying down your loan for a while or your home value has increased, so refinancing may be the perfect solution to get your plans over the line. Talk to My Nguyen today to learn more about how refinancing could affect your equity.

Refinancing to access new loan features

Whether you’re simply changing loans or switching lenders altogether, refinancing could help you achieve your financial goals with additional loan features, such as redraw options or offset accounts. Not sure if these benefits would make refinancing worth it? My Nguyen can help you assess your current loan and recommend the best path forward with transparent and practical advice so that you can make an informed decision.