Home Loan Refinance

What is Home Loan Refinance?

A home loan refinance is essentially when you swap your current mortgage for a new one that can deliver a number of benefits. Right now, interest rates are on the rise. By partnering with Loans and Mortgages , we can help secure a lower mortgage rate and ultimately, lower repayments. This is the reason why many Australians are currently refinancing their home loans. On top of the reduced interest payments, there are also a number of cashback offers and deals which makes now the perfect time to consider refinancing your home loan. There are five main steps to a refinance home loan with Loans and Mortgages   We walk you through all the steps to make it simple and painless.
  • Speak to an experienced broker
  • Apply for a home loan refinance
  • Get Pre-Approved
  • Sign your contract
  • Transfer to your new loan
  Our mortgage brokers are experts in the home loan industry and can help you understand your options to make an informed decision. We have access to a wide range of lenders and can help you find the best rates and terms for your specific financial situation, all whilst providing a personalised service and tailored lending solutions to help you achieve your refinancing goals. By working with a Loans and Mortgages  Lending Specialist, you can save time and effort and ensure that you're getting the best deal possible. If you're interested in refinancing your mortgage, speak to our mortgage brokers today. How Much Money Can You Save House Loan Refinance? The amount of money you’ll save with a house loan refinance depends entirely on the market conditions when you got the original loan and the current market conditions. It’s usually considered a good move to refinance your home loan if you think you can save between 1-2% on interest. So, if you have a fixed-rate home loan and the interest rate is 5%. If the current interest rate is 3%, while it doesn’t seem like much of a change, over the life of a home loan, that can save you a lot of money. Why Should You Switch Home Loans? The main reason most people choose to switch home loans and refinance is because it can save them money on their interest rates. If you applied for a home loan when interest rates were high, reducing them with a house loan refinance might be the right option for you. How Much Does Refinancing Cost? One of the best things about a home refinance is that we work around you to suit your preferences. You may be eligible to save thousands of dollars because of a reduced interest rate on your mortgage loan, and we will ensure that we manage any service fees in a structure that's affordable. Even if you’re not eligible or we don’t think that the conditions are optimal right now for a home refinance loan, we’ll keep your information and contact you when we think you could save the most money. Apply for a home loan refinance today with Loans and Mortgages and learn how you can better your financial future! Loans and Mortgages is your local mortgage broker and home loan expert in Brisbane, Gold Coast, Townsville City, Cairns, Toowoomba, Mackay, Bundaberg Central, Rockhampton City, Charleville and surrounds.

Ready to speak to an adviser?

Talk to an expert