Home Loan Refinancing

It may be worthwhile reviewing your home loan if your interest rate has changed, your fixed-rate period is ending, your financial circumstances have changed or your current loan features no longer suit your needs. Regular reviews can help ensure your loan continues to support your goals. 

 Refinancing to a different interest rate, lender or loan structure may reduce your repayments in some circumstances. However, it is important to consider fees, loan terms and the overall cost of the loan—not only the interest rate. We can help you compare the potential costs and benefits. 

 Refinancing costs may include discharge fees, application or settlement fees, property valuation costs and government registration fees. Depending on the loan and lender, some fees may be waived or refinancing incentives may be available. We will explain the applicable costs before you decide whether to proceed. 

 Depending on your property value, existing loan balance, borrowing capacity and lender requirements, you may be able to access available equity for purposes such as renovations, investment, major purchases or other approved needs. 

 In some circumstances, eligible debts may be consolidated into a home loan. While this may reduce monthly repayments, extending shorter-term debts over a longer home-loan term can increase the total interest paid. We will discuss the potential benefits, costs and considerations with you. 

 The timeframe can vary depending on the lender, the complexity of the application, property valuation requirements and how quickly documents are provided. We will keep you informed throughout the application, approval and settlement process.