Home Loan Refinancing
Refinancing Your Home Loan in Sydney
How can you benefit from refinancing your home loan?
Save money on interests
With better interest rates, you’ll pay less each month and save money that you can use to pay off your loan sooner.
Enjoy bonus features
With home loan refinancing, you may be entitled to different features and add-ons such as redraw facilities or flexible payments.
Access equity
You may use the equity in your home to borrow money to renovate your home, purchase an investment property, improve your lifestyle with a new car or a holiday.
Easier repayments
You can also consolidate debts such as a personal loan, car loan or credit card into your mortgage so it’s easier to manage your finances.
How much will it cost you to own a car?
Your owner-occupied home loan repayments
Your estimated repayments:
Principal and interest periodComparison rate:
Total interest payable: 6.14% p.a.
6.14% p.a.
$571,628
Should you refinance your home loan in Sydney?
Before refinancing to another lender our specialist lender will do the following things first.
Negotiate with your current lender
You may be able to get a better interest rate from your current lender without switching loans. This will help you save time and money.
Compare the loan term
Switching to a new loan may extend the length of your repayment period, which means you’ll pay more interest in the long run. Try to find a loan with a similar or shorter term than your current one.
Check the equity and LMI
If you have less than 20% equity in your home, you may have to pay lenders mortgage insurance (LMI) again when you switch loans. This can be a significant cost that may outweigh the benefits of refinancing.
Compare the fees and features
Switching loans may involve paying application fees, exit fees, valuation fees, and other charges. Make sure you compare these fees with the potential savings from a lower interest rate. Also, compare the features of different loans, such as offset accounts, redraw facilities, and flexibility of repayments.
If all these sound overwhelming, we can help you find out if it’s the right time to switch your home loan and which lender to switch to.
With 50+ lenders at your fingertips, you have the power of choice
When you set out on your own seeking a loan, banks have the power to reject you. But with us on your side, it’s the other way around. We choose the most suitable loan for your unique needs.
You’re only 3 steps away from your financial goal
Step 1
Reach out to us and let’s discuss your situation and what kind of loan you need.
Step 2
Sit back and relax while we search our network to find the perfect loan for you.
Step 3
Choose the best loan that suits your needs. Then we’ll submit a foolproof loan application to secure your financing.
Why Lend & Loan
10 years of experience
We’ve been doing this for a decade, so we’ve built strong connections with lenders and we know their lending policies inside out. This helps us find the right loans that suit your needs.
One-touch approvals
We know exactly what banks and other lenders require from the get-go. We’re experts at putting together foolproof loan applications that lenders approve without further questions.
Accessibility
We’re not like your typical 9-5 mortgage brokers. You can reach us when you need us, and we’ll get back to you within four hours.
Efficient processes
We understand that you’re busy, so we keep things simple. We try to avoid in-person meetings to save you time and make the loan process easy and stress-free.
Don’t take our word for it, take theirs.
We’ve helped hundreds of Australians
get approved for a loan and achieve their financial goals. Hear it from our
happy clients.
John has been absolutely brilliant! Helped me all the way through the application process and explained everything step by step. Great to have him in my corner navigating through interest rates, products, etc. Thank you!
- Peter Hanna
John and the team at Lend & Loan have been great through the process of our loan application. They were very responsive and always made my wife and I confident we were in the right hands. Highly recommended.
- Luke Saide
John from Lend & Loan was incredible during the process of buying our first home. He was very professional, quick at responding and was happy to answer any questions we had. I would highly recommend him to all my friends & family.
- Rachelle Obierzynski
John has been amazing to deal with from the beginning. He has been extremely patient, professional and optimistic throughout the whole process with our application and we can’t thank him enough for all his hard work! Highly highly recommend him. Thank you again!
- Maryanne Layoun
Looking to make a purchase or investment?
Find out how much you can borrow.
Frequently Asked Questions
The right time to refinance depends on your financial objectives. It's often a good idea when interest rates are lower than your current rate or when you want to change your loan terms.