Refinancing Rates Mortgage
REFINANCING
YOUR MEANS TO A BETTER HOME LOAN MARGIN
Looking to refinance and get better refinancing rates on your mortgage?
We understand life can bring changing circumstances. If you need to refinance your home loan to get more favorable refinancing rates, our expert specialists are ready to help.
With transparent information and dedicated support, we'll guide you through the process of refinancing your mortgage to access better refinancing rates. Our specialists will understand your new goals and match you with competitive refinancing rate options to potentially lower your rate, consolidate debt, tap equity, or improve your loan features.
Refinancing to get better mortgage refinancing rates doesn't have to be stressful. With our expertise, we'll handle the paperwork and negotiations - you just focus on achieving your new financing goals.
Let Margin Finance help you secure improved refinancing rates on your mortgage tailored to your new circumstances.
What are the benefits of refinancing?
Peace of mind from securing a better rate
Consolidate other existing debts
Unlock the equity in your home
Take advantage of different features
REFINANCING FAQs
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Refinancing is the process of taking out a new mortgage to repay an existing loan.
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Generally, you would refinance your mortgage because:
there has been a change in your personal or financial situation
of savings; switching to a loan that allows fortnightly payments rather than monthly payments which could help you pay down your mortgage faster
you want to access new loan features such as better interest rates, bonus features like an offset account, and the option to make extra repayments without penalty fees
you want to consolidate your debts
you have equity in your home that you want to use to renovate
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Some of the main costs you may face when refinancing are:
Break costs
Your lender could charge you a break cost if you leave a fixed home loan earlyDischarge settlement fee
You might also be charged a discharge settlement fee (aka a settlement, loan exit or termination fee) for closing your home loanThere are also upfront costs such as:
Application fee / Establishment fee
Property valuation fee
Settlement fee
Mortgage registration fee
At Margin, all of the fees you will be required to pay when refinancing will be detailed to you by our mortgage specialists.