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Refinancing your home loan

As time marches on, situations change. Perhaps youu2019ve changed jobs? Or thereu2019s a new addition to the family? Maybe you would just like a better rate? Maybe itu2019s the advent of school fees, or perhaps the kids have flown the coop? Or maybe that leaking shower or tired kitchen has just reached the end of its life.

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Refinancing your home loan

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  1. FINANCEBROKERS ABOUTHOMELOANSCALCULATORSTIPS&GUIDES NEWS CONTACT BOOKANAPPOINTMENT Home.’Horn=.LoansRefinancingyourhomeIoan loan Butwheretostart?Wecanhelpyouweighitallup. Astimemarcheson,situationschange.Perhapsyou'vechangedjobs?Orthere sanewadditiontothefamily?Maybe youwould justlikeabetterrate?Maybeit sthe adventofschoolfees.orperhapsthekidshaveflownthecoop?Ormaybethatleakingshowerortiredkitchenhasjustreachedthe endofitslife. Ashiftincircumstancesmay meanitistimeto revisityour homefinances.Formany.theideaofrefinancingamortgagecanbedaunting.Feesand fixedversusvariableinterestratesneedtobeconsidered. Therightrefinancedloan mighthelpyoutopayoffyour mortgagefasterandforless, refinancedebt.orupgradeandadd valuetoyour home,allofwhicharestepsintherightdirection. Downloadyour l'reeguidetohomereI'inancing Commonquestionsforthose thinkingofrefinancing CanIgetamortgagewhereIpaylessthanI'mpayingnow? Nowisalwaysagreattime to shoparoundorcheckthatyouhavetherightloanforyourneeds.We'reagreatstartingpoint.Itwilldependonwhatinterestrateyourecurrentlypaying.whattype ofhomeloanyou have(e.g.Axed.variable,interestonly.line ofcredit),and whatfeaturesyouwantinyourloan.We canquicklyexplainyouroptions. CanIconsolidatecreditcardorotherdebtsintoahomeloan? Thisisoneofthereasonssomepeoplerefinance.Theadvantageisthatyou payamuchlowerinterestrateonamortgagethanformostotherformsof debt— e.g.creditcards.overdraftfacilities,personalloans,etc. Providingyouhavesufficientequityinyourproperty.youmaybeableto consolidateall yourdebtonahomeloan.Ifyoutakethisoptionthoughitisimportanttomakesureyou maintainyourrepaymentsofthe debt that youconsolidateattheircurrentlevel.oryoucouldeasilyend uppaying moreoveralongerperiodoftime. Speakwithustodaytodiscussyourpersonalneeds. HowmuchmoneycanIborrow? Werealluniquewhenitcomes toourfinancesand borrowingneeds.Getanestimateonhowmuchyoumaybeabletoborrow(subjecttosatisfyinglegalandlenderrequirements)withourcleverloanoptionstool. Chatwithuswhenyou'reready.wecan helpwithcalculationsbasedonyourcircumstances. HowdoIchoosealoanthat'srightforme? Our guidestoloantypesandfeatures(links)willhelpyoulearnaboutthemainoptionsavailable.therearehundredsof differenthomeloansavailablesotalktoustoday. HowoftendoImake homeloanrepayments—weekly,fortnightly,ormonthly? Mostlendersofferflexiblerepaymentoptionstosuit your paycycle. Ifyouaim forweeklyorfortnightlyrepayments.insteadofmonthly,you willmakemorepaymentsin ayear,whichcouldpotentiallyshavedollarsand timeoffyourloan. Whatfees/costsareinvolvedinswitchingmortgages? Dependingonyourloan,penaltyfeescouldapplyifyou re payingoffyourcurrentmortgageearly.Butthesemaybe offsetbyrepaymentsavingswhenyouswitchhomeloans.WeIIwalkyouthrough anyfeesthatcouldapplytoyourcircumstances.

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