Home Loan Check Up & Refinance

---

Keeping your home loan in check is crucial to ensuring you’re getting the best deal available. There has been so much change across interest rates over the last 12 months. Whether you’re looking to save money, access better loan features, or adjust your financial strategy, we’re here to help you navigate the refinancing process. 

Refinancing your home loan involves replacing your existing loan with a new one, typically with better terms. Here’s why you might consider refinancing:

1. Lower Interest Rates: Interest rates change over time. Refinancing could secure a lower rate, reducing your monthly repayments and saving you money over the life of the loan.
2. Better Loan Features: New loan products offer features like offset accounts, redraw facilities, or flexible repayment options that might better suit your current financial situation.
3. Debt Consolidation: Refinancing can help you consolidate other debts, such as credit cards or personal loans, into your mortgage, often at a lower interest rate.
4. Access Equity: If your property has increased in value, refinancing can allow you to access the equity for renovations, investments, or other significant expenses.

Here’s a simple step-by-step guide to help you get started:

1. Review Your Current Loan: Before considering refinancing, it’s important to understand your existing loan. Check your current interest rate, remaining loan term, fees, and any penalties for early repayment. If you need help with this, we’re here to assist. 
2. Assess Your Financial Goals: Determine why you want to refinance. Are you looking to reduce your repayments, access better loan features, or consolidate debt? Clarifying your goals will help us find the best loan options for you. 
3. Get a Loan Comparison: Not all loans are created equal. We’ll compare different lenders and loan products to find the best deal for your needs. We’ll look at interest rates, fees, and features to ensure you’re getting the most value. 
4. Submit Your Application: Once we’ve found the right loan, we’ll help you complete and submit your application. We’ll handle the paperwork and work with the lender to ensure a smooth process. 
5. Settlement: After your new loan is approved, it’s time for settlement. Your new lender will pay off your existing loan, and you’ll start making repayments on your new loan. We’ll guide you through this process to ensure everything goes smoothly.