Get in Touch

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Refinance

Home · Refinance

Services

Why refinance?

Consolidate debts

Refinancing your home loan can provide an opportunity to streamline your debt, and potentially reduce the overall interest you’re paying on multiple debts through the process of ‘debt consolidation’. It means folding several high interest debts into one lower rate debt – which could be your home loan – and this may reduce your total monthly repayments.

Reduce repayments

The most popular reason homeowners choose to refinance a home loan is to secure a lower interest rate and reduce their monthly repayments.

Cash out

Your home is likely to be one of your most valuable assets, and by harnessing home equity you have the opportunity to build additional wealth or simply achieve personal goals.

Transfer title

A real estate title is a listing of the chain of ownership and transactions recorded for a particular property. Borrowers on a mortgage loan are listed as the grantees on the deed to convey the title. To change the title, you must change the deed. Since mortgage contracts are not easily altered, you will need to create a new mortgage to reflect the change in ownership. When you refinance, the current loan is paid off and a new one takes the place.

Associated costs

Lender fees

Relevant lender fees may include early exit fees, break fees, application fees, discharge fees, valuation fees.

Legal fees

As with your original mortgage, refinancing will involve the services of a conveyancing solicitor, as the same documentation will need to be processed and lodged in order for the settlement of your new mortgage to occur.

Government fee

State Governments charge a mortgage registration fee when you refinance. It is charged twice, once to remove the old lender and one to register the new. Mortgage registration fees will vary from state to state, so lookup the Office of State Revenue in your state to see how much it will be.

Rates & Cash promotions

We have different lending institutions’ rates and cash back promotions summary from our website to help you find out the mortgage products that best suits you.

Post settlement

Our post settlement services include:

Monitor your interest rate: To ensure you’re still getting a competitive interest rate, our brokers complete an annual mortgage review and either renegotiate your interest rate with your lender or refinance your home loan.

Explain your home loan features: Our brokers help you understand your repayment schedule and how to best use your home loan features. Provide a property valuation: We can organize a free property valuation in 12 months’ time so you can see how your home is performing and whether you’re in a position to access equity for investment.

Guide you through the construction loan process: For existing customers looking to build a property, we can help you manage the progress payments to ensure you avoid penalties and delays in the building process.