Is refinancing the right option?
Refinancing a home loan can help you save money, access equity for a new purchase or renovation project, or consolidate debts to benefit your lifestyle. Start exploring your refinancing options with our refinancing feasability calculator.
When can you refinance a mortgage?
One of the most common reasons to refinance is to secure better interest rates on the remainder of the loan amount. Interest-only options, split loans or fixed rate periods may improve your day-to-day financial situation if family life has changed or you’re looking to build on your property portfolio.
There are lots of options to consider when looking at refinancing and getting specialist advice from your finance broker will support you to choose an option suited to your circumstances and property goals.
Refinancing isn’t always beneficial. Factoring in costs associated with applying for a new loan, establishment fees and break costs for fixed-rate loans may apply. It’s important to calculate costs and savings to determine if it’s the right move for you.
It’s recommended you review your mortgage and overall financial goals regularly to ensure your loan is the best option for your current situation. Chat to our finance team to organise a review.
Momentum Wealth Calculators
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