Refinancing – Finance Professor
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Refinance Your Loan

What and Why?

Refinancing simply means shifting your loan from one lender to another. You might do this to take advantage of a better interest rate or longer loan term, or to access a desirable feature your existing home loan doesn’t offer.

The main reasons
for choosing to refinance

  • To get better rate or deal
  • To facilitate home renovations
  • To consolidate existing debts
  • To buy or build a new home

Secure a Cheapest
Interest Rate

Secure a lower interest rate and reduce monthly repayments. However, refinancing can come with some costs, so it's essential to weigh up the savings of refinancing against the expense involved..

Switch to variable or fixed rates

If you’d prefer the certainty that repayments will stay the same for a period of time, you may wish to switch to a fixed rate. Conversely, you may decide you'd like to take advantage of a lower variable rate as you can accept the risk that rates may rise in future.

Access Equity
In Your Home

Your home is likely to be one of your most valuable assets, and by harnessing home equity you have the opportunity to build additional wealth or simply achieve personal goals. Find out more about accessing your home's equity.

Access additional home loan features

Flexible repayments

Making extra repayments at no additional cost to help pay off the loan sooner.

Repayment holiday

A break from repayments or reduced repayments to cover career changes or breaks e.g. maternity leave.

Loan portability

The ability to take your loan with you when you move from one home to another.

Redraw facility

Enabling you to withdraw any additional repayments you have made on your loan. Handy if you need cash in an emergency.

Flexible rate options

Dividing your rate between fixed and variable components, or even making interest-only payments for a period.

Offset account

Having a savings or transaction account linked to your loan. The balance of the linked account is deducted from, or offset against, the balance of your loan when the monthly interest charge is calculated.

When can you get a refinance loan and how?

With the government ban on exit fees now in full swing, competition between lenders for your refinancing business is stiff. FINANCE PROFESSOR will negotiate with lenders to improve your financial position and get you the best available options.

Don't Pay More When You Can Pay Less. Contact Us is easy, just simply fill the form and we will call you back or speak to Finance Professor specialist dial 1300-688-803 to ask if refinancing is right for you, or explore the range of Home Loan options that are available for you.