How to refinance
This is often the easy part, and we can help you to sift through hundreds of home loans from our wide choice of lenders to help you find the one that’s right for you.
Investigating the options
Our broker can compare hundreds of loan options from our wide choice of lenders, including the major banks, saving you time and legwork. You can find out very quickly whether your existing home loan is still right for you, or whether you could potentially benefit from switching.
The refinancing process
Once you have settled on a particular loan, refinancing works in much the same way as applying for your original loan – and our broker can guide you through the process.
You will also need to have some important paperwork on hand to support your application. This may include:
- Recent pay slips
- Statements for your existing home loan and any other loans
- Your latest council rates notice
- Evidence of the building insurance policy you have in place for your home or the property to be refinanced.
Once your loan is approved, your new lender will pay out your current loan on your behalf and you can commence repayments on the new loan.
Behind the scenes, the title deeds to your property will be passed over to your new lender and a Discharge of Mortgage document lodged with the Land Titles Office in your State or Territory.