overview
Refinancing: Unlock the Potential in Your Home Loan
At Deals4Loans, we understand that your financial needs can change over time. Our Refinancing services are designed to help you make the most of your home loan, whether you’re looking to save money, access equity, or adjust your loan to better suit your current situation.
Why choose
Why Refinance Your Home Loan
Lower Your Interest Rate
Potentially reduce your monthly repayments and save thousands over the life of your loan.
Access Your Home's Equity
Use the value you’ve built in your home for renovations, investments, or other major expenses.
Consolidate Debt
Combine higher-interest debts into your home loan for potential savings and simplified finances.
Change Loan Features
Switch to a fixed rate for stability, or a variable rate for flexibility, add an offset account, or other features.
Adjust Loan Term
: Shorten your loan term to pay it off faster, or extend it to reduce monthly payments.
Benefits
Benefits of Refinancing with Deals4Loans
Whole-of-Market Comparison
We compare a wide range of lenders to find the best refinancing options for your situation.
Potential for Immediate Savings
We aim to find you a better deal that could start saving you money right away.
Expert Guidance
Our experienced brokers will explain all your options and help you make an informed decision.
Hassle-Free Process
We handle the paperwork and liaise with lenders, making refinancing as smooth as possible for you.
Long-Term Relationship
We’re here to support you beyond the refinance, offering regular home loan health checks.
STEPS
Our Refinancing Process
Initial Consultation
We discuss your current loan, financial goals, and reasons for considering refinancing.
Financial Assessment
Our experts analyze your current mortgage and overall financial situation.
Market Comparison
We compare your current loan against a wide range of refinancing options from our panel of lenders.
Refinance Strategy
We present you with tailored refinancing options, explaining the benefits and potential savings of each.
Application Support
Our team assists you in preparing a strong refinancing application, including all necessary documentation.
Approval and Settlement
We liaise with both your current and new lender (if applicable) to ensure a smooth transition.
Post-Settlement Support
We ensure your new loan is set up correctly and provide ongoing support for any questions or concerns.
Years of Experience
Eligibility for Refinancing
Is Refinancing Right for You?
You’ve had your current loan for 2+ years
You need to access equity for other financial goals
Your financial situation has improved since you got your original loan
Your home has significantly increased in value
You’re unsatisfied with your current lender’s service
You’re paying a much higher interest rate than current market rates
Refinancing can be beneficial in many situations, but it’s not always the best choice for everyone. Our expert brokers can help you determine if refinancing is the right move for your specific situation.
Options
Our Refinancing Options
Rate and Repayment
Focus on finding a lower interest rate or better repayment terms.
Cash-Out Refinancing
Access your home’s equity for other financial goals.
Debt Consolidation Refinancing:
Combine multiple debts into your home loan.
Switching Lenders
Move your loan to a new lender offering better terms or service.
Loan Type Conversion
Switch between variable, fixed, or split rate loans.
Freequently Asked Question
How often can I refinance my home loan?
There’s no set limit on how often you can refinance, but it’s generally advisable to wait at least 12-24 months between refinances to see the benefits and avoid excessive fees.
Will refinancing affect my credit score?
Refinancing typically involves a credit check, which can temporarily impact your credit score. However, if refinancing leads to better financial management, it may positively affect your credit score in the long run.
Are there any costs involved in refinancing?
Yes, refinancing can involve costs such as application fees, valuation fees, and potential break costs for fixed-rate loans. We’ll provide a clear breakdown of all costs and potential savings to help you make an informed decision.
How long does the refinancing process take?
The timeline can vary, but typically, from application to settlement, the refinancing process can take 4-6 weeks. We work efficiently to ensure a smooth and timely process for you.
Get Started Today!
Ready to explore your refinancing options?
Don’t let an outdated home loan hold you back from achieving your financial goals. With Deals4Loans’ expertise in refinancing, you can unlock the potential in your home loan and take control of your financial future.
Contact our team today for a no-obligation consultation. Let’s find out how much you could save!
Find Us
1c Hamilton street