Refinancing your loan

When was the last time you properly assessed your current loan? If it has been any more than 6 months, then it’s certainly worth giving your loan a check-up. As time passes, your needs change, as does the market and the loan that was perfect for you a few years ago may not be working as hard for you as a it could be. By securing the loan that matches your circumstances, you can potentially save yourself money in repayments and even shorten your loan term.

Aussie lenders are a heavily competitive bunch who continually try and improve their rates to knock out other lenders. Refinancing gives you the opportunity  to take advantage of these offers and change your existing loan to one that’s more suitable to your current situation. You may want to switch from a fixed rate loan to a variable loan (or vice versa), or you might want a loan with more flexible features, such as redraw or a line of credit. You might even benefit from dropping some features that you don’t use. We can help you to figure out if you have any options better suited to your personal circumstances and can often negotiate on your behalf to find your ideal financial solution.