Why do homeowners refinance their loan?

There are a number of reasons to refinance your home loan: you might want a better, cheaper interest rate or a different one (fixed vs variable, principal and interest or interest-only etc). Ultimately, most reasons for refinancing boil down to switching to a more suitable home loan for your needs.

How much equity is required to refinance?

Equity is basically just the difference between the current value of the property, and how much of it you own. The more of your loan you’ve paid off, the higher your equity will be as you own a higher percentage of it.

Does refinancing affect your credit rating?

Yes, refinancing can affect your credit score, as refinancing is considered to be a credit application. A bad credit score can influence your chances of being approved for refinancing, and rejection can negatively impact your credit score too.

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Refinancing Your Loan | Goulburn

First Rate Finance Brokers is your partner in financial flexibility. Our dedicated refinancing broker services in Goulburn and surrounding areas are designed to empower you to make the most of your loan. Whether you're aiming to lower monthly payments, secure a better interest rate, or leverage your home equity, we have tailored solutions to suit your needs.

We believe in empowering you to achieve your financial goals. Explore our refinancing services today and take control of your financial future. Your path to financial freedom starts here.

Refinancing Your Loan Services

Lower Monthly Payments: Explore options to reduce your monthly financial burden with refinancing strategies that align with your budget.

Competitive Interest Rates: Take advantage of our extensive network to secure competitive interest rates, potentially saving you money over the life of your loan.

Access to Home Equity: Unlock the hidden value in your home with refinancing solutions that allow you to access equity for major expenses or investments.

Streamlined Process: Our refinancing process is designed for simplicity and efficiency, ensuring a hassle-free experience as you optimize your loan.

Expert Guidance: Benefit from the expertise of our team, providing personalized advice and guidance to make informed decisions about your refinancing journey.

How We Can Help

At First Rate Finance Broker, we have access to over 50 lenders including major banks and non-bank lenders.

Our team will help you secure the most competitive loan solution, then guide you through every step of the loan process.

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What does a broker do?

A broker is the matchmaker between you and potential lenders. Our job is to work on your behalf, to find the financial product that best fits your needs, offering advice and guidance along the way. We do the legwork, from start to finish
When should I refinance?

If you haven't checked your home loan rates for over 6 months, you are likely to make some solid savings by switching your home loan. What was your ideal fit years ago, may not be working as hard for you now. Contact us to have your options explored for you, and to find out if it is a good time to refinance.
How much deposti will I need?

There are many state and government grants and schemes, alongside lenders who offer a wide variety of products to suit many different circumstances, some with as little as a 5% deposit, or even a family guarantee. Get in touch so that we can find a solution for you

Refinancing Your Loan | Goulburn

Refinancing Your Loan Services

How We Can Help

At First Rate Finance Broker, we have access to over 50 lenders including major banks and non-bank lenders. Our team will help you secure the most competitive loan solution, then guide you through every step of the loan process.

At First Rate Finance Broker, we have access to over 50 lenders including major banks and non-bank lenders.

Our team will help you secure the most competitive loan solution, then guide you through every step of the loan process.