Re-financing typically refers to taking out a new mortgage or home loan product on your existing property through your current lender or a new provider.
There are many reasons people choose to re-finance their loans; however the main reason is to reduce monthly repayments. Generally, the idea is to take out a new loan at a lower interest rate, or select a fixed rate loan that offers the security of fixed monthly repayments.
Even if you don’t have a specific need to re-finance, if you’ve been with the same lender and on the same product for several years, reviewing the current market can make a lot of sense.
Many people choose to re-finance loans as their personal situations change – professional advice and assistance can help you make the right choices.
Reasons to re-finance
Fixed monthly payments
Plan your budget with more certainty by moving to a fixed rate product with the same monthly repayments for the term of the loan
Flexible access to funds
Some mortgage products offer flexible features so you can overpay or draw back funds as you need them. Talk to us about offset or redraw products.
Fund a renovation
Update, extend or improve your home without moving - with funds released through a new mortgage product. You could also increase the value of your home!
Fund purchases & investments
Re-financing can free up funds for a major investment – a new car, an investment property, education costs or to fund private education or uni.
Reduce monthly payments
Find a new product with lower interest rates, extended repayment term or different features that meet your needs
Some of the home loan types we offer
Your Loan Solutions can help you understand all the home loan options available and provide guidance and advice to ensure you select the product that best meets your needs and circumstances.
Bridging Loans
Bridging Loans enable the purchase of a new property before the existing one is sold.
Fixed Home Loans
An interest rate set for an agreed term regardless of any variations in the market.
Interest Only Home Loans
This is where you only pay the interest on the loan. It is popular with investment properties for tax benefits.
Investment Properties
Build up your property portfolio by purchasing residential or commercial property.
Low Deposit Home Loans
You may be able to purchase a property with low or no deposit if someone – typically your parents – is willing to act as a guarantor.
Offset Mortgages
An account linked to a mortgage account so that the interest earned is applied to reduce the interest on the mortgage.
SMSF Style Loans
Investing in property with your retirement funds.
Variable Home Loans
The interest rate varies as market interest rates change OR variable rates go up and down as interest rates rise and fall.
Other types of Mortgages
Personal loans, car and equipment finance, reverse mortgage etc.
What our customers say
"I heard about Marti from my estate agent. I needed to re-finance my houses after recently obtaining a divorce. As I am in my late 60's I never thought that I would get finance. Marti was absolutely marvellous. It was a stressful time but Marti was there; every phone call or email was promptly attended too. I was informed by Marti on a regular basis what was happening. Thank you Marti."
JanRe-mortgaging, Jerilderee
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