What is Switching?
Switching refers to the process of paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender. You could get a lower interest rate and reduce your monthly repayments or you could fix your rate for a certain period and have the security of fixed monthly repayments.
Put simply it may be a case that you would like to switch to a more suitable product, or a more suitable lender.
Switching is often referred to as Refinancing.
Why consider Refinancing?
Take advantage of reduced interest rates or fees.
Benefit from applying the potential savings to other financial goals you may have.
Start a wealth creation plan, invest in your retirement, apply a debt reduction strategy or simply enjoy the extra cash.
Take advantage of different features.
Opt for a home loan with more flexible features such as redraw and offset facilities.
Or maybe you are looking for some peace of mind and stability with your home loan repayments.
Perhaps you want the best of both worlds with a split loan to provide peace of mind and flexibility.
Consolidating other debts.
Consolidate credit cards, personal loans or other debts to reduce your interest rate and monthly repayments.
Unlock the equity in your home to finance a renovation, or unlock some capital for an investment property.
What happens next?
When you meet with one of our Home Loan Specialists, they’ll discuss your individual circumstances and financial needs. They will use our live loan comparison software to compare hundreds of home loans and find the one that’s right for you. Once we have established some options for you we will present a complete home loan solution for you to consider that is based on your financial goals and objectives.