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Refinance Home Loan

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Are you thinking about refinancing your home loan? If so, you’re in the right place. Loan Junction can help you compare home loans from different lenders and find the best deal for your needs.

There are many reasons why you might want to refinance your home loan. Perhaps you’re looking to lower your interest rate, shorten your loan term, or consolidate debt. Or maybe you’ve just been approved for a new job with a higher salary and you can afford to make larger monthly repayments.

Whatever your reason, refinancing can be a great way to save money and improve your financial situation. But before you do anything, it’s important to compare home loans from different lenders. This will help you find the best interest rate, fees, and features for your needs.

Loan Junction can help you compare home loans from over 40 lenders. We’ll show you the latest rates and fees, so you can make an informed decision about whether or not to refinance.

We also offer a free home loan consultation service. One of our experienced mortgage brokers will review your financial situation and help you find the best home loan for your needs.

So if you’re thinking about refinancing your home loan, contact Loan Junction today. We’ll help you compare home loans and find the best deal for you.

Here are some of the benefits of refinancing your home loan:

  • Lower interest rates: If interest rates have fallen since you took out your current home loan, you could save a significant amount of money by refinancing.
  • Shorter loan term: Refinancing to a shorter loan term can help you pay off your mortgage faster and save money on interest.
  • Consolidate debt: If you have other debt, such as credit card debt or personal loans, you could consolidate it into your home loan. This could save you money on interest and make it easier to manage your debt.
  • Access to features: Some lenders offer features that are not available with other lenders, such as offset accounts or redraw facilities. Refinancing could give you access to these features.

If you’re considering refinancing your home loan, here are some things to keep in mind:

  • You will need to pay legal fees and other costs associated with refinancing.
  • You may have to pay an early repayment fee if you break your current home loan contract early.
  • Your credit score may be affected by refinancing, so it’s important to make sure you’re eligible before you apply.

If you’re ready to refinance your home loan, contact Loan Junction today. We’ll help you compare home loans and find the best deal for you.

Loan Process

We follow a systematic process that keeps everything on track and discipline is what drives us forward.

Contact our dedicated lending specialist

01

Send your documents

02

We provide you with options.

03

Aprroval

04

Settlement

05

The right time to refinance.

When it comes to refinancing, timing is everything. Refinance when rates are high and you could end up paying more. Do it when rates are low, and you’ll come out on top. Here’s how to know if you should go ahead or hold off for a little while.

If your credit rating improves

If your credit rating is too hot for your current loan to handle, refinancing could help you secure a better deal. If you have a bad debt history, it might be in your best interest to wait until you’ve worked on your financial fitness before you refinance.

Strong economic climate

A strong economic climate can supercharge your hopes of saving money on your home loan. During economic growth interest rates tend to dip, meaning if you refinance to a home loan at a lower interest rate, you could save big.

Home loan expiration dates

It pays to keep track of the expiry date of your current home loan. If your lock-in period is almost up, it’s probably a good time to think about refinancing as you won’t need to pay your bank’s break up costs.

FAQ

Refinancing can help you secure a lower interest rate on your home loan, consolidate debts or even pay off your loan faster. However, there are some hidden fees. These include the discharge, application and settlement fees.
In almost all scenarios you are not required to pay a fee for our services. Instead, we’re paid a commission by the lender you choose through. Learn more here and get in touch if you have any questions.
Each interest rate depends on loan type, repayment plan and several other factors. This means a good interest rate for you may not be a good interest rate for someone else. Get in touch with me today to to find out which loan type, repayment plan and lender will give you a competitive interest rate for your needs.
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