Posted in Refinance

At FinancePath, we understand that refinancing your home loan can be a big decision. With rising living costs and fluctuating interest rates, many Australian homeowners are looking for ways to reduce their financial strain and optimise their mortgage. In fact, recent data shows that 73.7% of all new home loans in Australia were written by mortgage advisers during the June 2024 quarter — the second-highest result on record. So, why are so many Australians turning to mortgage advisers to refi...

Inflation seems to be headed in the right direction, but Reserve Bank of Australia Governor Michele Bullock says a near-term cash rate cut isn’t on the cards.So, where does that leave homeowners wondering whether now is a good time to refinance?The decision as to whether to refinance depends largely on your individual situation and goals. Here are a few key considerations to think about when deciding whether or not to refinance.Understand how current rates can work for you. Book a call...

With today’s cost-of-living pressures, it’s more important than ever to regularly review your home loan to see how it stacks up against others. Refinancing could allow you to find a more competitive mortgage and save you a lot of money over the course of your loan. However, before you switch lenders, here are a few questions to ask yourself before refinancing. What’s the cost versus the benefit? When deciding whether to refinance, you need to understand all of the costs ...

If you’re not considering refinancing your SMSF loan, you should be! To understand more about refinancing considerations click here. To understand more about SMSF structures watch this short video. At present most lenders have stepped out of the SMSF lending space and almost none of them touch refinances within SMSF’s. This disadvantages most clients as they are typically stuck with an SMSF loan that after a number of years has become non-competitive from a rate pers...

When you’re busy with life, refinancing can seem like a hassle. However, with a FinancePath Credit Adviser to guide you through the process, it doesn’t have to be!  Refinancing may allow you to switch to a more competitive home loan, thereby potentially saving you money in interest.   It can also help you fulfil other goals, like using different finance options to renovate your property or consolidating your debt and paying it off more efficiently. You may even co...