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Refinance Home Loans

If your finances, lifestyle or career have changed since you took out your current home loan, it may be time to refinance and take advantage of a more rewarding deal. Refinancing your home loan can offer savings on your money with better rates and the opportunity to pay off your debts faster. If the value of your house has increased since you took out your loan you maybe able to release cash to invest or use for life’s other big expenses. Money Choices is here to help you compare and find the best refinancing deal. Our service is cost-free, fast, easy and secure. You can find all the information you need to make your choice and apply online today.

Why Refinance Your Home Loan?

Your home loan is likely to be one of the biggest commitments of your life, and also one of the longest. Over the course of your repayment your finances can change and your lifestyle and career may develop. It’s probable that the Australian economy and property market will also change during this time, strengthen or weaken, and interest rates fluctuate accordingly. It is also possible that house prices in your neighbourhood will change reflecting the Australian property market. For these reasons you may discover that the time is right to refinance your home loan and enjoy the rewards.

Australian homeowners choose to refinance for many reasons including finding a deal with a more favourable interest rate and better features and flexibility. A cheaper rate allows you to pay off your loan sooner, saving plenty of cash for you.

The money you save and equity released by refinancing can be used to renovate your home, add an extension or to pay for moving to a new house. The funds could also be used for other purposes, to pay for children to go through college, to buy a new car or to go on holiday, for example. The money could be put aside in a high interest savings account or other investments to grow for the future.

The Benefits of Refinancing your Home Loan

When you use our free comparison service there are several key features of refinance home loans that you should take into consideration. Different lenders offer various minimum and maximum loan size, so you should workout how much you want to borrow and which deal suits you best.

Crucially, you should compare interest rates to calculate if refinancing will benefit you and which lender is offering the best rates for your requirements. The Australian market for home loans has changed over recent years, so if you took your loan a few years ago you may find the competing lenders have some new and attractive features to offer. You should take some time to see what new features different lenders provide as part of their packages, and what best suits your lifestyle.

The benefits of refinancing your home loan are the possibilities of a better deal, better rates, the advantages and convenience of modern loans, big savings and the chance to enjoy extra funds. Money Choices is here to help you find the best refinance home loan to give you the best benefits, release funds from you property and start saving cash today.

Refinance Home Loans Suitability

To work out if you are suitable to refinancing your home loan you first need to establish whether it is beneficial to make the move. Finding out your house’s current market value is important; if the value has increased it is possible that you will gain from refinancing.

You should also get all the details and documents of your current loan together so you can compare it with the refinance loans that are currently available. You also need to know if your current lender charges any fees for cancelling or changing your loan as these charges may influence how beneficial refinancing will be.

Once you have established whether you will be better off by refinancing, it’s time to use Money Choices’ free service to compare which deal offers the biggest rewards and apply online today.

Enquire Online

Money Choices’ free comparing service takes the headache out of finding the best refinance home loan deals from leading Australian lenders. Having compared the best refinancing deals you can apply today free of charge, no risks and no commitment, speak to a trusted mobile banker and decide if what’s on offer suits your financial requirements. The sooner you refinance your loan the sooner you can start saving, enjoy extra money and make plans for the future.

Today's Hot Money Tip

A balance transfer is when you transfer debt from one card to another. It's a great way to save money.