Perhaps you want to refinance, because you are buying a new property, or to extract equity you have built up in your home in order to renovate or for other purchases.

At Finance Today, we do not charge you a fee for evaluating your situation to determine whether refinancing your home loan to another Bank or lender will save you money or be in your best interest.

If we can clearly demonstrate to you that refinancing from your existing lender to a new lender is going to save you thousands of dollars over the life of the loan, and you proceed with the refinance, then we will receive a referral fee or commission from the new lender when the loan settles.

Please complete the enquiry form on the right-hand-side of this page and a Finance Today broker will contact you immediately to assist your situation.

Here are some handy hints if you’re thinking about refinancing:

• You don’t have to move home to move your loan – Why wait until you sell your home or buy another property to start saving? Let us show you how refinancing may help you start saving thousands today.
• Don’t pay for features you don’t use – Your loan might not be the best fit for you and your banking style. You may be able to cut years and thousands of dollars off your loan through lower interest rates and fewer fees and charges on the loan that’s right for you.
• Save even more by consolidating your finances – Consolidating your credit cards, personal loans and car loans with your home loan may save you thousands in interest payments, fees and charges.
• You don’t need to shop around – We’ll do all the hard work for you. We offer a wide range of loans from the banks and other lenders. We’ll help you compare your current loan and determine the loan that’s just right for you – saving you lots of time, and potentially thousands of dollars and years off your home loan.

A mortgage refinance is the process of applying for a new loan on your current property and using this new loan to pay out your current mortgage and any other debt you may have.

The benefits of mortgage refinancing may include:

• paying off your mortgage faster
• extending the length of your mortgage and thereby reducing the amount you repay each month
• a lower interest rate or more favourable terms than your current mortgage
• consolidating your credit card and personal loan debts into your mortgage to take advantage of the lower mortgage interest rate
• drawing additional funds against your property for expenses of a personal nature

A mortgage refinance is often used to consolidate credit card and personal loan debt. This is because a mortgage loan is usually available at a substantially lower interest rate than the interest rate you pay on your credit cards or personal loans.

By consolidating all your debts under your mortgage you will only have to make a single repayment instead of making multiple repayments each month. In addition, you may end up paying less each month than you are currently. This helps many people manage their finances more effectively.

When applying for a mortgage refinance loan make sure:

• You are fully informed
• Your repayments have been reduced - not increased
• There are no hidden fees or costs
• You have achieved control over all your debts
• There is a real long term benefit to you

Call Finance Today on 1300 886 580 for a no obligation discussion on your requirements, e-mail us or make an appointment online.