Refinancing can seem like a big ordeal with many moving parts and changes to make but, having a mortgage broker help to project manage, it is much easier! It can often be worth switching your home loan, especially if your current lender has become complacent and is not forthcoming with extra discounts every year.
Through refinancing your home loan, you can also potentially receive additional features, better terms and consolidate your debts.
If you feel like your current home loan isn’t the right fit for your circumstances anymore, our team of brokers can work with you to adjust your existing loan or find another option that works for you. We liaise directly with your lender to seek out and negotiate a better deal, so you can save time and money in the long run.
We will discuss with you what your specific loan requirements are and then assess your current loan.
We will then begin looking for other products on the market and comparing them to your existing loan to identify if there’s any potential options for a better deal.
We’ll work with you through the application process and help ensure you’ve got all the necessary documents and identification to submit.
Once the lender has approved your application, we will run through settlement and ensure the loan changeover and the repayment set-up is seamless. Our broker will check-in a month later to ensure the transition is smooth.
At Mortgage Broker Melbourne, our loan refinancing services come at no cost (lender fees and charges may apply). We have access to a broad range of loan product options to compare your current loan with. Our team will ensure you’re taken care of and check-in across the refinancing process to run you through each stage.
We’ll help you find a new loan that works to benefit you both in the short-term and long-term. We will take into consideration all types of factors including interest rates, features and benefits that you might like to have or have yet to consider.
Refinancing can involve a lot of paperwork to manage but we do our best to minimise that burden by only asking for what we absolutely need. We’ll ensure all your applications are correctly filled out and that any relevant documents are submitted for approval.
We have been helping our clients find their home loans in the Melbourne area since 1999. Our team has a wealth of expertise and knowledge of the market to ensure you’re getting the best deal.
Refinancing your loan is a process that can be completed by you, but, if you’re looking for a hassle and stress-free option, working with a mortgage broker can be more convenient as we can easily compare home loans and present different options that work with your budget and needs.
The right time to refinance a loan largely depends on your individual circumstances and the period of the loan - there isn’t a general rule to go by. It can be worth reviewing your loan if you’re going through a big life change. As such, we complete an annual review of your home loan to assess if you’re getting the most out of it and if it still aligns with your lifestyle and financial goals.
The process of refinancing your loan can take four to eight weeks, based on the lender and application you submit. To ensure the most seamless process, it’s important to have all the relevant loan documentation ready. We will guide you through the entire process.