Refinancing might be the right choice for you if:

• You Want a Better Rate: Secure a more competitive interest rate to potentially lower your monthly payments.
• You Need Access to Equity: Tap into your home’s equity for home renovations, major purchases, or to consolidate other debts.
• You’re Looking for More Features: Explore loan options with benefits like offset accounts or redraw facilities.
• Your Fixed Rate is Expiring: Transition from a fixed-rate loan to a new deal that suits your current financial situation.
• Your Credit Score Has Improved: Leverage your improved credit score to negotiate better terms.

Refinancing involves moving from your current loan to a new one, often with different rates, features, or terms. This could be with your existing lender or a new one. It’s different from repricing, where you simply negotiate better terms with your current lender without changing the loan provider.

1. Apply for a New Loan: We’ll help you apply for a new loan that meets your needs.
2. Pay Out the Existing Loan: Once approved, the new loan pays off your old one.
3. Enjoy Your New Terms: Transfer your debt to the new loan with agreed rates and features.

Refinancing can involve various fees, including application, property valuation, and settlement fees. If your equity is less than 20%, you might also need to pay lenders mortgage insurance (LMI). However, some lenders offer cashback incentives or waive certain fees to attract new customers. Our brokers will help you weigh these costs against potential savings to ensure refinancing is a smart move for you.

Navigating refinancing options can be complex. Our Lendco brokers will:

• Evaluate Your Financial Goals: Understand your objectives and how refinancing fits in.
• Find Competitive Deals: Compare offers from a range of lenders to find the best deal.
• Explore Discounts and Incentives: Look for special offers, including cashback deals.
• Ensure the Right Loan Structure: Make sure the new loan aligns with your needs and financial situation.

Let our team handle the finer details for you. Reach out to one of our brokers today and discover how refinancing can benefit you. Speak with one of our expert loan brokers to start the process and potentially save on your home loan.