Refinancing your home loan
If it’s been a while since you last reviewed your mortgage, there’s a good chance you can get a better deal — and we can help you find it. Reduce your interest and save thousands on your mortgage by refinancing your home loan with Best Mortgage Rates today.
Getting a better deal on your loan.
Do you know the interest rate you are being charged on your mortgage? Have you stopped to consider how it compares to the current interest rate on similar products? It could be time to refinance.
Refinancing involves replacing your current home loan with a more competitive home loan.
Refinancing your loan could give you access to a more competitive interest rate, especially if you have had a home loan for a few years. Refinancing your home loan can also potentially save you thousands over the life of your loan, freeing up your budget to take on bigger financial goals.
From major banks to credit unions and even small online lenders, there are many avenues to explore when it comes to refinancing. Best Mortgage Rates has a wide pool of lenders we work with to give clients the best chance of securing a competitive deal that’s right for their circumstances.
Still on the fence? We have listed a few reasons why people refinance below.
Get in touch today
Reasons why you may refinance your home loan
If you’ve had a home loan for a few years now, it’s safe to assume your life has changed in that time. You may have started a new job, received a promotion, or gone through significant life changes such as getting married or having your first child. All this means is that what might have worked years ago may no longer be applicable and useful to your current situation.
Refinancing can provide you with more flexibility with your repayments and introduce you to handy loan features, like having the option to make additional repayments with no penalty.
Equally, you might be near the end of a fixed rate term or interest only period so now is a great time to find out what your options are. Refinancing your home loan can also involve snagging a lower interest rate, which could save you a bundle over the long term.
A refinancing mortgage broker takes the hassle out of finding the right home loan and manages the process on your behalf. All you need to do is give us the tick of approval once we find the right solution.
Contact Us
Whether you are looking to switch loans for access to new features or to simplify features, our team can help you find and secure a competitive loan option. Our team of experienced refinancing mortgage brokers can put you back in the driver’s seat with your home loan, take control and contact us today to get started.
FAQs
While this can depend on the individual’s needs and loan type, home loan refinancing can typically take around 2 to 4 weeks for the application and approval process, with the entire refinancing process potentially extending up to 6 weeks to complete.
There are a few costs associated with refinancing a home loan, such as an application fee, valuation fee, legal fees and any fees the broker may issue for the service. As the cost to refinance can climb quickly, Best Mortgage Rates can work with you to identify and minimise these costs effectively to ensure the long-term results outweigh the upfront cost.