Refinance Home Loan
- Available Australia wide, 7 days a week
- Negotiation power for lowest interest rates
- Experienced team with expert knowledge
- Priority status with banks for quicker outcomes
Looking to refinance?
Refinance Home Loans with Zenith Financial
Our financial situations and goals naturally evolve over time. You might consider moving closer to work, paying off a loan, or settling into a new suburb. As market conditions shift, your financial circumstances may differ significantly from when you first got your loan.
It’s important to reassess and adjust your home loan options in these cases. Refinancing can be an excellent way to save money and access more competitive rates and discounts in the current market.
Explore multiple home loan options and secure the best rates without the hassle of visiting various banks and lenders. Refinance with Zenith Financial to save time and money, whether you’re consolidating loans, freeing up equity, or simply seeking a better lending option.
What is Home Loan Refinancing?
Home loan refinancing happens when a borrower takes up a new loan to pay off an outstanding home loan. You can find new loans with a lower interest rate and more convenient terms and leverage that to save money in the short and long term.
Loan refinancing only works when you switch to a more favourable loan that best fits your current financial position. Once you get approved to refinance, you will use the funds from the new loan to pay off the old loan; then, you’ll move forward with paying off the new loan at better rates and terms.
However, some lenders and banks will charge steep penalties should you decide to pay off your loan early. At Zenith Financial, we’ll review all your refinance options and determine which ones offer the least overall cost and whether refinancing suits your needs.
Benefits of Refinancing
Enjoy lower interest rates
Depending on your current financial situation and borrowing power, you may be entitled to lower interest rates when refinancing a loan.
Switch to better lending options
Our panel of 50+ banks and non-bank lenders allows you to compare several rates and loan features in one sitting. Reach out to us, and we’ll walk you through all available refinance options and help you make informed decisions to get the best loan for your unique needs.
Get more flexible loan options
Understanding your financial situation and long-term financial goals is key to knowing the loan features that should make repayment more convenient for you. For instance, we could choose a lender with a redraw facility so you can access the excess funds you’ve paid throughout the life of the loan.
If you make an extra $2,000 in loan repayments in one year, you can conveniently withdraw that amount should you need it for emergencies.
Consolidate multiple debts into a single loan
Consolidating multiple loans makes it easier to manage repayments. If you’re juggling between credit card payments, personal loans, and car loans, you can refinance them to pay off existing debts and deal with a single interest rate.
Keep in mind that debt consolidation doesn’t eliminate the debt. You combine multiple loans into a single manageable mortgage and significantly reduce the loan payments required.
With Zenith Financial, our mortgage brokers will take you through lower-interest options if you decide to refinance and consolidate multiple debts into one loan.
Our Lenders
Refinancing Home Loans FAQs
Refinancing a home loan often takes 2-6 weeks, depending on your circumstances and borrowing capacity. We’ve helped more than 1,000 loans get approved, including refinance home loans, and we know what banks and lenders look for in loan applicants.
Contact us at 1300 312 712 or fill out our assessment form, and we’ll assess your refinancing options and provide a more accurate timeframe according to your chosen lender and whether you have all documents prepared and ready.
Where experience counts
Having encountered thousands of different scenarios, our team is well equipped to find you suitable solutions. Having the right mortgage broker by your side is essential to ensure you are getting the absolute best deal for your unique situation.
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Your success is our success
We understand everyone’s circumstances are different and we take the time to understand you and your goals. We value forming lifelong relationships with all our clients and we are fully committed to adding value every step of the way.
We know that mortgages can sometimes be complex and hard to understand. We focus on simplifying the process for you and we treat your loan as if it were our very own. Let us do what we do best so there’s one less thing for you to worry about.