Refinancing

The key points to consider are:

Your current home loan may not provide you with the best options to save you money.

The lowest interest rate is not the only thing to consider when considering the best options to help you reduce the cost of your home loan. Often the lowest rate loan has the least amount of loan features to save you money.

Engaging with our knowledgeable Loan Consultants will provide you with valuable insights into the various alternatives and options available, ensuring your loan is tailored to meet your specific needs.

Refinancing your home loan to access better features and rates can save you thousands of dollars once you know how to utilise the best features available.

What is the best option when considering rates?

A lower interest rate is always hard to resist when considering refinancing. A low start up rate may seem great but what about fixing the rate or maybe splitting your options? Have you considered the long term effect of the economy if you choose the wrong option?

Other key points to consider are:

Can you make lump sum payments off the loan?
Is there a redraw feature attached to your home loan?
What is the conversion rate once the honeymoon period expires?
What options are available to fix your rate and what is the expiry rate?
Is there an offset facility connected to your home loan to help reduce interest?
Can you transfer your loan to another property if you sell and purchase again?
What are the costs if you sell and start again versus substituting your current loan?

Consolidate your other debts into your home loan

Another benefit of refinancing is the ability to consolidate your other debts. By consolidating at the same time you can significantly improve your cash flow within your budget. Take a look at our debt consolidation feature and see for yourself what we can do to help you save money and reduce your commitments.

If you would like to find out more about refinancing your home loan and the benefits of consolidating your debt call one of our home loan specialists today on 1300 797 797. We will be glad to help you.