Considering a Refinance? We Can Help.
Many of our clients refinance their home loan to get a better deal and align their mortgage with their financial goals. Refinancing allows you to consolidate debt, fund renovations or investments, or simply secure a more competitive interest rate. It’s also a great option if you need to adjust your loan structure to suit changes in your personal life.
What Is Refinancing?
Refinancing is the process of replacing your current home loan with a new one. This new loan can offer a different interest rate, features, or term. You can refinance with your current lender or, more commonly, with a new one.
This is different from repricing, which is simply negotiating a better deal with your existing lender without changing loans. Refinancing, on the other hand, involves a full application for a brand-new loan.
How Refinancing Works
The process involves applying for a new loan to pay off your existing one. Once approved, your debt is transferred to the new loan, complete with the new rate and terms.
While there are typically costs associated with refinancing, such as exit and entry fees, a skilled adviser can help you weigh these against your potential long-term savings. The goal is to ensure the benefits outweigh the costs.
The Benefits of Refinancing
Refinancing can offer greater flexibility and significant long-term savings. Many lenders offer introductory rates or cash-back incentives to attract new customers. Our advisers look beyond these initial perks to find a loan that is structured to meet your needs, ensuring you get the best overall value.
Why Use a IndoKiwi Finance Mortgage Adviser?
With so many options on the market, comparing loans can be complex. Your IndoKiwi Finance adviser does the hard work for you. We’ll analyze your financial goals and current loan structure to determine if you could be on a more competitive deal.
We will look at:
- Your financial goals and priorities.
- Your current loan to see if a more competitive deal is available.
- Whether your loan structure is working for you.
- Any discounts or cash-back offers you may be eligible for.
- Ways to save money on your home loan.
Don’t leave money on the table—contact us for a quick, no-obligation chat to see how much you could save.
What are the costs associated with refinancing a home loan?
Refinancing a home loan usually comes with costs associated. The fees and charges you may need to pay include both exit and entry fees, many of which will depend on your specific situation and current lender.
It is important to weigh up the costs with your potential savings over the life of the loan to determine whether refinancing is a good idea for you. Your Loan Market adviser can run these calculations for you.
What are the benefits of refinancing?
Refinancing your home loan can offer you more flexibility and save you money over the long term. A number of lenders offer introductory rates and/or cash-back incentives for new customers, or some may waive fees to secure your business.
Finding the right home loan to refinance is a broader picture – the most important thing to consider is the long-term benefits against the actual costs of refinancing. Your Loan Market adviser will guide you through the structure of the loan, features, terms, fees and ongoing rate to determine the right option for you.
Do I need a mortgage adviser to refinance?
Now you can see that not all loans are equal, and there are many considerations when it comes to comparing your current one to others on the market. Whether interest rates are rising, dropping or staying level, remember lenders want your business and there could be attractive options available. If you don’t ask, you don’t get.
Your Loan Market adviser can do the legwork for you. All it takes is a quick chat and your adviser will do the rest.
Your adviser will look at:
- Your financial goals
- Whether you could be on a more competitive deal
- If your loan structure suits your needs
- Any discounts or cash-back deals you may be eligible for
- Ways you could save money on your home loan