Refinancing

It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. You might want to refinance for a number of reasons – you can consolidate debt from high-interest credit cards into a home loan with a lower rate of interest; you can release cash from your home loan equity for other major purchases; or you might want to simply save on your repayments by moving to a loan with a lower interest rate. What’s my rate? If you aren’t 100% sure exactly how much you’re paying, how can you find a better deal? Luckily, finding out your interest rate can be as simple as

Refinancing can bring down the overall cost of servicing a loan by taking advantage of lower interest rates. But sometimes it’s not always the best, or the only, option. There are many different factors you need to consider when thinking about refinancing a loan. The first step is to speak to an expert, like Conquer Finance, about your needs and whether you can afford to service a different loan structure. At this point, we will need to understand what your current and future financial goals look like, and also obtain information about your current loan including structure, repayments and costs. We also need to consider the current value of your property, so we have access to current data which indicates what the asset is