Why refinance?
There are many reasons why people choose to refinance. Lenders rarely reward customers for being loyal, so it’s a good idea to regularly check to see if there is a better-suited loan for you. Some benefits can include:
Get in touchThings in life change - and that includes interest rates, your circumstances and goals. When they do, it could be time for your home loan to change too. It’s a way you could potentially save money, trim your mortgage and ultimately, get a better deal. You don’t have to go it alone - with a broker doing the legwork with your best interests at the heart of all recommendations, refinancing can be easier than ever.
"Robert, Ben and Amanda from Loan Market Bowral have been so amazingly helpful in refinancing our house. Robert was transparent through the whole process and allowed us to see all of the options available before we settled on our final decision. The whole process was so quick and easy. We’ve gotten a better deal on our home loan and are so happy. Thank you for all of your continued hard work! 😊" - Julian Loschiavo
"This is the second time we have worked with Robert to refinance our home loan. His in depth knowledge of us as clients as well as the evolving market conditions ensured that the best possible options were on the table for discussion. Robert and his team make the process simple and stress free. Thank you." - Katie Falloon
"We recently refinanced with Loan Market Bowral. Robert and the team were professional and efficient in all interactions. The early process of the application is simple and caters to those with a busy lifestyle. The application was completed and approved faster than I anticipated. I refer all my friends and family to Rob and his team and I will be using them for all my future borrowing needs." - Joel Wray
"My husband and I have just used Loan Market to refinance. Robert and his team were fantastic to deal with from start to finish. Robert’s knowledge and expertise made it happen and we appreciated his honesty throughout the process. We were kept updated and given assistance with any questions we had. A pleasant experience and a winning result. I would highly recommend Loan Market Bowral." - Frith Georgantas
There are many reasons why people choose to refinance. Lenders rarely reward customers for being loyal, so it’s a good idea to regularly check to see if there is a better-suited loan for you. Some benefits can include:
Get in touchInterest rates regularly change. Is yours still competitive? If you have a variable rate, or your fixed-rate is due to expire, you may be able to negotiate a lower rate with your lender, or find one that will.
Not all home loans are packaged equal. They offer different features and functionalities. Switching to a loan that allows more regular or extra repayments, an offset account or redraw facility can help you pay less over the life of the loan. Or, if you aren’t using features with your existing loan, switching to a more basic loan could save you in fees.
If you have multiple debts, such as a personal loan, car loan or credit card, you may be able to roll them into your home loan. This consolidates your debt to one repayment and could save you in interest. We will consider the whole picture including fees and repayments to determine if debt consolidation is right for you.
Whether you’re planning a renovation, need to upgrade your car or have another project in mind, if you have grown equity in your home, you may be able to refinance to access more money to fund it.
The thing is, refinancing can be made simple with a broker. Here’s what the process looks like.
Get in touchWe’ll take the time to understand your circumstances and goals and review your current mortgage, including any exit fees or additional costs.
Next, we compare your loan with others offered by over 60 lenders to see if you could be better off somewhere else. You will receive a shortlist of our recommendations, which may include renegotiating with your current lender.
When you’ve made an educated decision, it’s go time. We do the legwork for you from application to settlement. We then regularly check in to make sure your loan is still working hard for you.
Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.
Download our free guide to become a mortgage maven and save money over the life of your loan.
We're here to help.