Why refinance?

There are a lot of good reasons to look at your options for refinancing.

Refinancing can help you:

Secure a better interest rate

If interest rates have dropped since you last looked at your home loan, refinancing could save you money on your monthly repayments.

Switch to fixed and variable rates

If you’re looking for stability of interest rates and repayments, or you think rates are going to rise, switching to a fixed rate home loan might be your best option. On the other hand, you may want to make the most of a low variable rate for now and reconsider your options when the market changes.

Access different loan features

As your needs change, the features you require of your home loan might change also. For example, if you are in a position to make extra repayments when you can, or you need to take a break from repayments to cover career changes or parental leave, you may need to switch to a home loan that allows you flexible payment options. Or you may wish to have a home loan with an offset account or emergency redraw facility for when you need cash in an emergency. Tony The Finance man will help you refinance to meet your Requirements and needs.

Utilise the equity in your new home

Accessing the equity in your home can be a smart way to finance your lifestyle or business. Refinancing to access your equity may allow you to:

• Secure a new loan for an investment.
• Undertake renovations.
• Take a holiday.
• Plan a wedding.
• Purchase a car.

As they say in the classic 'Equity mate' can unlock your dreams.

Consolidate debt

Refinancing may give you a chance to consolidate your debts, some of which (like credit card debt) may be at a higher interest rate than your home loan. Consolidate to reduce your monthly repayments on these loans and free up some of your income.

This could make life easier and stress free!