Refinancing Your Perth Home Loan

Refinancing your home loan can be beneficial if you’re seeking a lower interest rate, wanting to consolidate debt, or aiming to reduce your loan term. However, it’s important to also consider the costs involved, such as exit fees, application fees, and stamp duty. Our experienced refinancing brokers can provide guidance and help you determine if refinancing is the right choice for you.

Refinancing your mortgage can be a strategic financial decision. It is ideal to consider refinancing when you can secure a lower interest rate than your current loan, or when you want to change your loan type. If you want to refinance, it’s important to calculate the break-even point to understand how long it will take to reap the savings.

While both remortgaging and refinancing involve replacing an existing loan with a new one, they differ in terms of the lender involved. In remortgaging, you stay with your initial lender, whereas in refinancing, you switch to a new lender. This distinction is often overlooked in the mortgage industry, but it’s crucial to understand when considering your home loan options.

It depends on the market, your financials and property. But as one of Perth’s top brokerages, we leverage relationships with 30 lenders to often beat average mortgage rates. We’ll outline projections in our initial consultation.

Yes! Many choose to refinance to consolidate other debts onto their home loan or access equity for investments or improvements. We determine your options around borrowing capacity to optimise your financial position.

You can refinance whenever your situation changes – when fixed terms expire, moving properties, or better rates arise. However, avoid refinancing frequently as too many credit checks may temporarily impact lending eligibility. Get in touch with our refinance brokers for recommendations based on your situation.

We’ll provide a simple checklist of what we need – latest statements, pay slips, tax returns, council rates notice and property management statement if applicable. Our admin team can liaise with your existing bank to retrieve latest documents too.

Yes! Our mortgage experts leverage strong relationships across 30 lenders to negotiate reduced rates, saving clients thousands of dollars over typical loan terms. We’ve helped many Perth clients refinance from major banks into better products.