THE RIGHT HOME LOAN  >  Re-financing

Understanding refinancing in Sydney

At Finance in Sydney, our experienced team is dedicated to helping you understand refinancing. Often involving moving loans from one lender to another, refinancing may be the best move in situations that have changed. What was once optimal in home loans may no longer be the best option for you and your family. Over time, lenders who were previously unavailable may release new products better suited to your needs.

Things to consider

Mortgage refinancing may seem like the right decision, but be sure to consider the true savings you will actually receive. Before deciding, consider the costs of refinancing, the interest rate savings and the competitiveness of your lender in 12 months time. If you‟re aiming to consolidate debt, it‟s important to consider if your decision will add additional and unnecessary costs, like repayments and interest, into your loan. 

Refinancing is definitely an attractive option, but be sure to consider all consequences and risks.

Loan features

Depending on the product you choose, benefits could include:
  • 100% offset account (with debit card)
  • Redraw facility
  • The Internet and phone banking
  • Extra repayments
  • Interest only or principal and interest payments
  • Repayment holiday
  • Ability to fix your loan
  • Credit card facilities

Why refinance?

There are a number of reasons why you may consider refinancing, such as:
  • Better deals
  • Reduced interest rates and monthly payments
  • Debt consolidation
  • Additional renovations and work on homes
  • Dissatisfaction with existing lenders

What products can I use when refinancing?

  • 100% offset account
  • Professional package loan
  • Basic loan
  • Fixed rate loan
  • Line of credit

Learn more about refinancing. Call us on (02) 9982 8014.

Share by: