Refinancing -
How to Refinance Your Home Loan / Mortgage
Simply fill in the enquiry form on the right for a FREE ASSESSMENT. You are absolutely under no obligation to accept offers that are presented to you by our expert staff. It’s confidential and there is NO CREDIT CHECK.
Tell us what you’re looking for and we’ll submit your refinancing options to you, saving you hours of research!
Refinancing your mortgage can allow you to access cheaper interest rates and to unlock the equity in your home to renovate, buy an investment property or consolidate debt. Whether you have a fixed or variable rate mortgage; listed on the title alone or with a partner; self employed or PAYG; living in the city or in the country - you too can refinance to unlock the equity in your home and get ahead financially.
Many people choose to refinance when their circumstances change – some are refinancing to fight back against rising interest rates, others have experienced changes to their employment status or relationships at home. Some choose to refinance their mortgage for debt consolidation to pay off high-interest debt (like credit card debt) using the lowest interest rates available. You might just want to refinance to get access to a loan product that better suits your lifestyle.
If you are looking to refinance an existing loan, or want to consolidate a number of debts (including credit card debt), then you've come to the right place!
Refinancing can take the pressure off your finances.
We believe every person should have the opportunity to refinance and lock in a better deal, including those with past credit issues (such as a bad credit rating). What makes us different is our ability to help people the banks have turned down. If you’re tired of mistakes in your past constantly haunting you when you apply for a loan, then talk to us – we understand circumstances do change and that you may now be eligible to refinance.
What is it to refinance? Can it be part of a debt consolidation strategy? Refinancing essentially reduces the amount of interest you pay and can reduce your repayments or change the frequency in which you repay your loan. Refinancing also allows you to pay off high-interest debts like credit card debt, store card debt or personal loans at the same time, saving you money in the long run.
By refinancing your outstanding loans and other debts into one easy weekly, fortnightly or monthly repayment you can save thousands of dollars. Some advantages of refinancing a loan include:
- Lower monthly repayments when you refinance
- Refinancing allows you to lock in a lower interest rate
- The ability to use the equity behind you to pay off multiple debts when you refinance
- Reduced risk – when you refinance, you can change from a variable rate to a fixed rate, providing more certainty
- Access to cash for major expenses when you refinance
Here's an example from one of our satisfied refinancing clients:
Samantha, who has 2 children under the age of 12, was finding it quite difficult to maintain her monthly financial commitments and decided to refinance.
Before refinancing:
| Type of Asset/Liability |
Amount Owing Before Refinance |
Monthly Repayments Before Refinancing |
| Mortgage |
$112,000 |
$800 |
| Personal Loan |
$17,700 |
$590 |
| Personal Loan |
$12,000 |
$300 |
| Personal Loan |
$4,500 |
$160 |
| Credit Card |
$8,800 |
$264 |
| Credit Card |
$7,300 |
$219 |
| Total Monthly Repayments before Refinancing: |
$2,333 |
After Samantha refinanced with us:
| Her New Monthly repayment (refinanced): |
$1,137 |
| Monthly Savings After Refinancing: |
$1,223 |
| Yearly Savings After Refinancing: |
$14,676 |
The Australian Lending Centre has some of the lowest interest rates in the market for refinancing and debt consolidation - and we want to share these fantastic deals with you. Call us now for details on how to refinance on 1300 138 188.
Learn more about the Australian Lending Centre and mortgage refinancing:
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