Home Loan Refinancing

Why can I get better rates by refinancing?

There are a number of reasons why you can get better rates by refinancing. These can include:

• You have a better credit score compared to when you first applied for finance
• You now have more equity in the asset which you are looking to refinance
• There has been a shift in national economic rates
• The lender is doing an introductory offer

By taking on a new loan with a lower interest rate, refinancing can save you thousands of dollars each year. It is said that an interest-rate saving of 1% is enough of an incentive to refinance. As well as money-saving benefits, refinancing can also provide an opportunity to change your repayment length to better suit you. If you would rather make bigger monthly payments and pay off your debt faster then you might choose a shorter loan term, whereas if you would prefer to make lower repayments each month and spread the debt over a few extra years then this could also be a possibility. Call an expert today on 1300 138 188 and learn more about how you could take advantage of refinance.

Refinancing your home loan can be a fast and efficient process. The process of initially getting in touch to receiving your new refinance agreement can take a matter of days.

1. Take 30 seconds to fill out an online enquiry form here.
2. One of our finance specialists will be in touch within 24 hours.
3. After reviewing your situation, we will make a decision on your home loan refinance.
4. If approved, you could start your new finance agreement within the next 48 hours!