Refinancing Home Loans
Save on your mortgage repayments and access to your equity
Get the lowest interest rate and cashback upto $3000 on your refinance, LVR<80% (T & C Applies)
Our clients’ satisfaction ratings on Google and Facebook have made us Australia’s most trusted Number 1 home loan mortgage broker
Lowest Interest Rates
- Competitive interest rates
- Access to cashback offers up to $3000 (T & C applies)
- You may save thousands over the period of the loan term
Improved Loan Terms
- Tailor your home loan to fit your goals
- Combine your loan with multiple offset accounts
- Shorten the term or switch to a fixed-rate option
Reduced Monthly Payments
- Easing financial strain and increasing flexibility
- Reduce your mortgage monthly repayments
- Enjoy the flexibility to pay off your loan sooner
Refinance to lower your monthly payments, easing financial strain and increasing flexibility.
Access to Equity
- Access the maximum equity to build a property portfolio
- Access the equity to purchase a car or a block of land
- Access the equity to invest or buy a business
- Reduce your mortgage monthly repayments
Consolidate high-interest debts into your mortgage for savings and simplified payments.
Debt Consolidation
Consolidate high-interest debts into your mortgage for savings and simplified payments.
- Get the lowest interest rates
- Pay off your car loans, credit cards or personal loans
- Consolidate high-interest debts into simplified payments
- Get the lowest interest rates
‘Low doc’ Refinancing Home Loans
- Personalised solutions for Bad Credit scores
- Personalised solution for self-employed low-doc needs
- If you missed payments, no problem. We have a solution for you too
Cash Out
- Get the lowest interest rates
- Pay off your car loans, credit cards or personal loans
- Consolidate high-interest debts into simplified payments
Refinancing your home loan can save thousands of dollars
Refinancing 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.
Refinancing your home loan can save thousands of dollars over the loan term. We have extensive experience refinancing and restructuring home loans. Expert refinancing mortgage brokers at VOXFIN have assisted many Australians in restructuring their home loans to save thousands of dollars on their repayments and build their property portfolios.
We do it through a holistic discussion that allows us to understand your current situation and learn about your future inspirations. You will work with the best refinancing mortgage brokers in Australia. In return, you will receive the best refinancing mortgage guidance and advice, the lowest home loan rates in Australia and the best mortgage refinancing options.
Best home loan refinance broker at VOXFIN, we can find the lowest interest rates for your home loan, reduce your mortgage payments, and save you lots of money over the loan term.
Get personalised, tailored solutions from mortgage refinancing experts to enhance your financial situation.
Solutions are available for every situation, even if the bank has said “NO.” We have refinanced home deals for people with bad credit scores and have guided many people through tough situations, such as impaired credit scores, bad credit scores, defaults, etc.
Mortgage brokers at VOXFIN specialise in providing loans for salaried and even self-employed individuals. Whether you have all your documents ready for a ‘Full doc’ loan or not, we offer options, including ‘Low doc’ loans. Talk to us to discuss your options for purchasing your own piece of Australia.
Benefits of a split loan
- Did you know that you could enjoy the advantages of both fixed and variable loans by splitting your new variable loan into a split home loan?
- You have the ability to pay less interest by moving up to $30,000 in additional repayments into either the fixed or variable home loan account with the higher interest rate. (It’s important to note that there is a $30,000 fixed loan prepayment limit for fixed home loans, and prepaying more may incur a break cost. The maximum cash deposit in fixed rate varies with each lender)
- There’s no fee to split your home loan, whether you choose to do it now or later. No interest rate rises on your fixed loan portion.
- Enjoy the features of a variable loan, like repaying as much as you like and the option of an offset account.
Why Choose VOXFIN
For refinancing home loans, you are choosing VOXFIN for:
- Fast Refinancing
- Maximise your borrowing power
- Get the lowest interest rates in Australia
- Simplified refinancing home loan process
- Personalised care and solutions for property portfolio investors
- The best refinancing mortgage broker in Australia will guide you
Planning to refinance your mortgage, consider the following points:
Current Interest Rates
Compare current interest rates with the rate on your existing loan to ensure potential savings.
Fees and Charges
Evaluate any fees associated with refinancing, such as application fees, valuation fees, and exit fees from your current loan.
Loan Features
Loan Features
Assess the features offered by potential lenders, such as offset accounts, redraw facilities, and flexible repayment options.
Loan Term
Determine whether you want to extend or shorten the loan term and how it aligns with your financial goals.
Equity Access
Financial Goals
Consider your long-term financial goals and how refinancing fits your overall financial plan.
Professional guidance
Experts refinancing mortgage brokers at VOXFIN can ensure refinancing is the right decision for your circumstances.
Frequently Asked Questions (FAQ)
Questions and queries related to Refinancing Home Loans
HOW FAST CAN I REFINANCE?
Once the first interview is conducted and we receive all your documents, the refinancing can be approved within 1 to 5 days. From start to settlement, if there is no wait for additional documents, it may take up to two weeks.
HERE ARE THE KEY POINTS TO CONSIDER WHEN REFINANCING YOUR HOME LOAN:
- When looking to refinance your home loan, take into account your financial situation, personal goals and potential savings
- The benefits of refinancing include potential reductions in loan balance with potential cashback offers, decreased loan repayments, and the ability to pay off the loan earlier with a lower interest rate or with a new loan that offers a linked offset account for spare funds.
- Make sure to factor in any monthly fees, loan exit fees, home loan setup fees, fixed loan break costs, and the cost of Lenders Mortgage Insurance (LMI) if you have less than 20% equity.
- To get an estimate of your equity, use relevant online tools or consult with expert refinancing mortgage brokers at VOXFIN.
CAN I SWITCH TO A FIXED-RATE LOAN?
It is important to consider your personal situation, the features you are looking for, and how much extra you plan to repay.
Benefits of a split loan
- Did you know that you could enjoy the advantages of both fixed and variable loans by splitting your new variable loan into a split home loan?
- You have the ability to pay less interest by moving up to $30,000 in additional repayments into either the fixed or variable home loan account with the higher interest rate. (It is important to note that there is a $30,000 fixed loan prepayment limit for fixed home loans, and prepaying more may incur a break cost. The maximum cash deposit in fixed rate varies with each lender)
- There is no fee to split your home loan, whether you choose to do it now or later. No interest rate rises on your fixed loan portion.
- Enjoy the features of a variable loan, like repaying as much as you like and the option of an offset account.
WHY DO HOMEOWNERS REFINANCE?
Refinance home loan, better interest rate, fixed vs variable interest, home loan features, access home equity, renovations, debt consolidation, suitable home loan
Homeowners refinance for various reasons, primarily to switch to a more suitable home loan. Key reasons include:
- Securing a better or cheaper interest rate
- Changing interest rate types (fixed vs variable, principal and interest vs interest-only)
- Accessing better home loan features
- Utilising home equity for purchasing another property or covering large expenses
- Funding home renovations
- Consolidating other debts (credit cards, car loans) into the home loan
HOW MUCH DEBT CAN BE CONSOLIDATED INTO A HOME LOAN?
Debt consolidation, home loans, consolidate credit cards, personal loans, car loans, financial position, loan features, loan limits
You can consolidate various debts into your home loan, provided it improves your financial situation. Types of debt that can be consolidated include credit cards, personal loans, car loans, private finance, tax debts, and other personal or business debts. Ensure you check the loan product’s features and limits, as some may restrict the number of debts that can be consolidated, even with competitive interest rates.
REFINANCING TO FUND RENOVATIONS
Refinance home loan, fund renovations, home equity, cheaper financing, lower interest rates.
Yes, you can refinance to fund renovations. This involves refinancing to another lender or, switching to a different home loan with your current lender, borrowing extra cash to cover renovation costs. This means adding to your loan principal, which might increase overall costs but is often cheaper than using personal loans with higher interest rates. You can also leverage built-up equity in your existing loan for financing renovations.
Dummy
Dummy
DOCUMENTS NEEDED TO REFINANCE
Refinance documents, income proof, Tax Assessment Notice, ID verification, financial documents
When refinancing, you’ll need to present the following documents to your chosen lender:
- Recent payslips documenting your income
- Latest Tax Assessment Notice
- Employer’s letter confirming your salary
- Forms of ID (passport or driver’s license)
- Financial and credit documents (credit card statements, current mortgage evidence, bank account statements)
Having these documents ready will streamline the refinancing process.
REFINANCING PROCESS DURATION
Refinancing duration, home loan application, debt transfer, mortgage refinancing time
The refinancing process typically involves applying for a home loan, after which your new lender will contact your current lender to arrange the transfer of debts (your mortgage). This process usually takes between two and four weeks, though it can vary depending on the lender.
PROPERTY VALUATION IN REFINANCING
Property valuation, refinance valuation, real estate transactions, lender requirements
When refinancing, you may need a new property valuation, depending on the lender. Real estate transactions like refinancing often require a valuation to determine the property’s current worth before the lender takes on the loan.
EQUITY REQUIREMENTS FOR REFINANCING
Equity in refinancing, loan to value ratio (LVR), home equity, lenders mortgage insurance (LMI)
Equity is the difference between the property’s current value and the amount you owe. The more you’ve paid off your loan, the higher your equity. In refinancing, equity acts similarly to a deposit. Higher equity (e.g., a 60% LVR) may qualify you for lower home loan rates, offering more security to the lender. Owning at least 20% of the property can also help you avoid paying Lenders Mortgage Insurance (LMI) again.
WHAT DOCUMENTS DO I NEED FOR SELF-EMPLOYED INCOME?
Self-employed, Full Doc, Alt Doc, income documentation, mortgage for self-employed
For self-employed borrowers, banks accept Full Doc and Alt Doc income documentation. Providing comprehensive financial documents can help you qualify for better loan terms. Requirements include tax returns, financial statements, ABN registration, GST registration, and financial declarations.
CAN I USE CENTRELINK BENEFITS FOR A HOME LOAN?
Centrelink benefits, non-standard income, home loan application, alternative income sources
Most banks and lenders accept various income sources like Centrelink benefits, carer’s allowance, disability support, family tax benefits, and more. This approach helps diverse applicants secure home loans.
Why choose us?
We understand the importance of earning your trust in the guidance provided by the mortgage experts at VOXFIN. We can assist you with home loan refinancing as well as other financial lending needs, such as refinancing home loans, car loans, commercial loans, and insurance.
Additionally, we can assist with organising financing to start or grow your business and fund your assets. Our services for finding the right home loan are free of charge to you. Once your loan is settled, the lender compensates us.
VOXFIN’s expert refinancing home loan mortgage brokers are here to help you with all types of financial needs. We simplify the loan process and provide the right information and guidance so you can make sound investment decisions.
We assist Australians throughout the nation. We work with over 35 lenders in Australia to bring you the best loan option with the lowest interest rate and the most appropriate home loan structure to grow your property portfolio.
Get a Free Consultation
info@voxfin.com.au
0370652000|0435393623
At VOXFIN, we are committed to being with you at every step in your home loan process. We keep your best interests ahead of everything by providing comprehensive solutions powered by our solid industry expertise and deep financial knowledge. This ensures you can confidently make an informed decision, knowing that you have our full support.
Our streamlined refinancing home loan process is designed to alleviate the stress of navigating the complexities of finding the best refinancing home loan deals. We’re here to secure the lowest interest rates on your mortgage refinance or investment loan refinancing, making the process as smooth and convenient as possible for you.
WHAT DO OUR
customers think?
Latest home loan news and tips
Why Now is the Right Time to Get a Car Loan with VOXFIN
As the Australian economy navigates through fluctuating interest rates...
Renting vs Buying: What’s Best for You in Australia’s Current Mortgage Market?
As Australia’s property market continues to evolve, many Australians...
A Complete Guide to Business Loans: Why VOXFIN is Your Trusted Partner in your Business Loans in Melbourne and in Australia.
At VOXFIN, we understand the challenges businesses face when seeking...