Refinancing
Life changes — and so do interest rates, your circumstances, and goals. When they do, it might be time for your home loan to change too. Refinancing could help you save money, reduce your mortgage, and get a deal that better suits your needs. You don’t have to go it alone — with The Mortgage Suite doing the legwork and keeping your best interests at heart, refinancing can be easier than ever.

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Why refinance?
Many people refinance for different reasons. Lenders rarely reward loyalty, so it pays to check regularly if a loan better suited to you is available. Some benefits include:

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Lower rates
Interest rates fluctuate. Is yours still competitive? If you have a variable rate or your fixed term is ending, you might negotiate a better rate with your lender or find a new one offering lower rates.

More features
Not all loans are created equal. Some offer features like extra repayments, offset accounts, or redraw facilities that can save you money over the life of your loan. If you’re not using features on your current loan, switching to a simpler product could save on fees.

Debt consolidation
If you have other debts — personal loans, car loans, credit cards — refinancing might let you combine them into your home loan, simplifying repayments and possibly lowering interest. We look at the full picture to see if this makes sense for you.

Access funds for your projects
Planning renovations, upgrading your car, or another project? If your home equity has grown, refinancing could unlock extra funds to help finance it.

When is the right time to refinance?
Lower rates aren’t the only reason. If it’s been over a year since you last reviewed your loan, or your situation has changed, it’s a good idea to check your options. Other signs include:

• Fixed-rate ending
  If your fixed term is about to finish, check your options before your loan switches to a variable rate that might not suit you.

• Increased equity
  Consistent repayments usually mean more equity, which may help you get a better interest rate.

• Improved credit score
  If your credit has improved since you took out your loan, you might qualify for better rates. Always ask.

How to refinance
Refinancing is simple with The Mortgage Suite guiding you:

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We’ll review your situation, goals, current loan details, and any exit fees or costs.

Your shortlist
We compare your loan with products from over 60 lenders and give you tailored recommendations, including renegotiating with your current lender.

Take action
Once you decide, we handle everything from application to settlement and keep checking in to make sure your loan remains the right fit.