Do I need a lawyer or conveyancer?

Refinancing is a process of taking out a new loan to pay off the existing loan typically at a lower rate or for better features. People wanting to change their home loan is usually because of a change in the circumstances or goals which can be a smart way to manage money. It may give you the option of securing a lower interest rate, consolidating debts or unlocking equity from your current property. Speak with one of our mortgage brokers and find out if refinancing is right for you.

Refinancing can be used for various reasons, which include but aren’t limited to: Home Renovations, Reducing monthly repayments, Lowering your interest rate, Cashing out your Home Equity, Raise cash for another purchase (another house, car, boat etc), Access Additional home loan features (offset account, redraw facility etc.), Borrow additional funds

Refinance can help you save money and own your home sooner however there are costs involved in refinancing from one lender to another lender.

Refinancing is generally a good idea for most borrowers but there situations where switching loans just isn't worth it.

Debt consolidation is when you payoff your existing debts such as credit cards, personals and car loans with a new debt.