REFINANCING

What does it mean to refinance a home loan?

Refinancing means you can replace your existing mortgage and take out a new loan. You have options to choose a new lender or keep your current one.

How can the refinancing process benefit you?

You might be able to get a lower interest rate and reduce monthly repayments, change loan terms, even access cash or equity. Refinancing is a multi-stage process, which can be challenging to deal with on your own.

Release Mortgage provides tailored assistance which is personalised to your needs and unique financial circumstances.

If you are looking to take advantage of changing your home loan, we are happy to help and guide you through it.

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Better Interest Rate

If a lower interest rate is available since your took the home loan, you can refinance your mortgage and save thousands of dollars over the years you will be paying your mortgage off.

Lower Monthly Payments

By getting a lower interest rate, refinancing can allow you to take advantage of these lower rates and decrease your monthly payments.

Access Equity

If you have accumulated equity in your home, refinancing can enable you to access these funds for purposes such as home improvements, consolidating debt, or covering other costs.

Changing Loan Terms

Refinancing provides the chance to select a loan product that aligns more closely with your present financial situation and objectives.

ASSES YOUR CURRENT LOAN

✔ Evaluate your existing loan

✔ Decide if refinancing is the right choice for you

COMPARE OFFERS

✔ Review offers from various lenders

✔ Identify the best rates and terms

CHOOSE A NEW LOAN

✔ Select a new loan product

✔ Apply for the loan

PROVIDE DOCUMENTATION

✔ Prepare income verification and other financial documents

✔ Submit documentation

FINALISE THE LOAN

✔ Complete the closing process

✔ Enjoy the benefits of the new loan

Maximise Savings

Best Interest Rate

We'll check for the most cost effective solution for you to maximise savings

Expertise in finding the best and lowest interest rate
Adjusting the amount of monthly repayments
Negotiating loan terms for your individual needs

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Quick Processing

Your time is valuable

Quick Processing

We process new loan applications for the refinance purposes in an efficient way

Necessary Documents Checklist
Quick Processing
Access to 60+ lenders
Liaising with your existing lender to ensure a smooth transition

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Cash-out assistance

Access to Equity

Access built-up equity to cover expenses

Reviewing your current mortgage
Helping you access the money for debt consolidation, home improvements or different expenses
Accessing equity to buy another property

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No, you are free to choose the lender that offers the best conditions for you. We will help you with a smooth transition to the selected lender.

Changing your loan terms and applying for a new home loan can include upfront fees and closing costs, which could be an additional cost. Refinancing can also have a potential impact on your credit score and affect the loan term. Elongation of the loan term could lead to higher overall interest payments.

Refinancing might not be the best choice for homeowners if the cost of refinancing surpasses the potential savings. If your current interest rate is already low, you may not have substantial benefits.

Refinancing may also not be advantageous if you are planing to sell your home soon.

Release Mortgage assists in considering all the advantages and disadvantages of your situation.

A home loan broker will assist in choosing the right loan product for your personal needs, based on your current financial situation. Mortgage brokers can also negotiate better rates and terms for your new loan. You will be informed of all the additional costs associated with refinancing, such as fees and closing costs.

Cashback offers are available for homeowners refinancing their mortgage. It's essential to know and understand the terms and conditions of these offers. Before deciding on a offer, make sure that you are getting a deal that's worthwhile.

Debt consolidation involves combining multiple debts into a single loan, typically with a lower interest rate and a more manageable repayment schedule.

This process simplifies debt management by replacing various debts, such as credit cards, personal loans, and other liabilities, with one consolidated loan. The goal is to reduce monthly payments, save on interest, and streamline finances. This can be achieved through a personal loan, a balance transfer credit card, or by refinancing a mortgage to include other debts.

We work across all major cities and areas in Australia. We specialise in Melbourne CBD and suburbs.

RELEASE MORTGAGE

Enquire today and get the clarity you need

Ready to explore your refinancing options? Contact us today to get the clarity and guidance you need. Our experts are here to help you navigate the process, understand your choices, and find the best solution for your financial goals. Don't wait — reach out now to start your refinancing journey with confidence.

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From explaining key terms, getting pre-approval, making an offer to securing a home loan — all explained step by step. To start your journey in Australian property market, download our free guide.

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What does it mean to refinance a home loan?