Refinance

Refinance Your Home Loan in Melbourne

A customer may refinance their current home loan for quite a few reasons. As a borrower, you have every right to free up some cash for some other engagement. However, as a professional Refinance broker, we at FINGROW advise that your decision be carefully analysed before making it. We recommend refinancing under the following conditions.

• If your new lender offers a lower interest rate or a much higher loan amount.
• If your new lenders allow flexibility to switch from fixed to adjustable interest rate.
• If the new lender reduces the loan tenure or EMI.
• If the new lender offers better customer service.

What is Refinancing?

Refinancing is when you transfer your current loan from the current lender to a new one, offering a better deal in terms of reduced interest rate, more positive T&C, and other loan features. As a customer, you are free to pursue better and more progressive options in life.

Refinancing Mortgages – FinGrow makes it Simple.

Working with FinGrow, a leading Melbourne refinance broker, simplifies refinancing. We help you source and finalise your new lender based on research and analysis. Once the new lender is finalised, we will help you to complete the documentation process and related formalities. Once completed, the new lender pays off the balance loan to the old lender and takes over the outstanding loan amount. You would then start paying EMIs to the new lender. As a refinance broker, we provide end-to-end service and guide you based on the following parameters.

• Your financial goals in life
• Whether you could be on a much better deal
• If the loan structure meets your needs
• Any discounts or cash back you are eligible for
• Ways you could save some money on your home loan

However, we advise you to avoid making impulsive decisions when refinancing your home loan. It requires a good amount of homework, and FINGROW does it on your behalf.

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