With interest rates at their lowest ever, let's find a way to save on your home loan

When was the last time you reviewed the interest rates on your mortgage? 

With lenders slashing their rates, it's important to ask if you could save on your repayments! We'll compare your home loan with hundreds of competitive loans to see if we can find you a better deal.

If it's been a few years or if your interest rate is higher than 3% then make sure you reach out to our team.

Book your free home loan health check!

Some important things to know about refinancing

• Do I need a deposit to refinance my home loan?
  You generally do not need to pay a deposit when refinancing your home loan, but there are a range of fees you'll probably have to pay.
  
  You may also have to pay for LMI if the value of your equity in the property (your initial deposit, plus the sum of your principal repayments so far and any capital gains) is less than 20% of the property's value, or if you're refinancing the loan to over 80% of the property's value.
  
  
• How much equity do I need to refinance my house?
  Many loans have a maximum LVR of 95%, which means you can't borrow any more than 95% of the value of your home. If you want to refinance, this means you must have at least 5% equity in your property.
  
  When it comes to refinancing, a general rule of thumb is to have 20% equity in the property to avoid having to pay for LMI.
  
  
• How do I know if I should refinance my mortgage?
  You may want to refinance your mortgage for a range of reasons, including if you want to reduce your home loan interest rate, if you're unhappy with your current lender, to consolidate debt, to fund a home renovation or extension, or to fund a big purchase (such as a car) at a lower interest rate. 

Learn more about refinancing

Almost ready to take the leap? If you would like to do some of your own research beforehand, then make sure you check out our home loan resources below!

• Guide to upgrading your property
• Guide to refinancing
• Guide to buying your first home
• Guide to property investing

To arrange an appointment please call Nicole Stapleton on 0404 421 695.

We can also help you with:

• Mortgage Brokers Balmain
• Mortgage Brokers Glebe
• First Home Buyer Loans
• Mortgage Brokers Leichhardt
• Car Loans