Refinancing involves taking out a new home loan that better suits your needs. You should review your home loan at least every few years or any time that market conditions or your financial circumstances change.

For example, when interest rates drop or if you’re starting a family. Interest rates in Australia are currently at record lows and there are some great home loan deals around.

Refinance Home Loan Newcastle
Happy Family After Newcastle Home Loan Refinance

The Problem

Home loans are long-term commitments. Standard home loan terms in Australia are 25 or 30 years. That means the home loan you took out a few years ago may no longer be the best one for your needs. And it could be costing you money.

There’s a huge range of lenders and home loan products in the Australian market. But it’s time-consuming and confusing to research them all to find the best one for your current needs.

Our Solution

Our expert team at Wisebuy can help you to review your home loan. We’ll work out if you can save money by either refinancing to a better deal or consolidating your high-interest debts into your lower-interest home loan.

We’re up-to-date with all the latest lender information and investment property loan products, so you don’t have to be. We arrange loans for our clients for a living. Refinancing home loans is one of our specialties.

We’re up-to-date with all the latest lender information and home loan products, so you don’t have to be. We arrange loans for our clients for a living. Refinancing home loans is one of our specialties.

It’s important to understand that home loans are the cheapest form of finance. If you have credit card debt or other personal loans at much higher interest rates, you can consolidate that debt into a refinanced home loan.

Doing this will not only save you interest, it will also  make your repayments easier to manage. Instead of having to juggle multiple regular repayments, you’ll only have to make ONE regular repayment to cover ALL your debt.

How Much Could I Save By Refinancing?

This depends on the terms and conditions of your current loan and the refinancing options available. We can help you to work this out.

You can also use our Wisebuy refinance savings calculator to give you an idea.

What Will My Refinanced Home Loan Repayments Be?

This depends on how much you borrow, your loan term and the comparison interest rate. If you want to lower your repayments, you can potentially extend your loan term

You can use our Wisebuy loan repayment calculator to help you work out your repayments of different loan amounts over different terms and at different interest rates.

Mortgage Refinance Newcastle
Luxury Home Loan Refinance

How Can I Compare Loans?

You can talk to our expert team for a detailed comparison, or you can use our Wisebuy loan comparison calculator to give you an idea.

We have over 60 well known and trusted lenders on our panel. Stop being loyal to your current lender if they’re not being loyal to you. We have access to lenders that could save you thousands on your home loan.

It’s important to understand that even a slightly lower interest rate can save you thousands over the life of a home loan.

Contact us to arrange a free, no-obligation consultation. We’d be happy to answer any questions you have. Below are some of the most common questions we get from our Wisebuy refinancing clients.

Case Study

Newcastle Couple To Pay Off Their House 8 Years Early

Susanne and Timothy bought their dream home in Newcastle around 12 years ago. Like most people, they had the goal of paying off the house as soon as possible.

However, with three children to raise, rising living costs and the odd renovation or two over the years – Susanne and Timothy often found themselves paying off just the bare minimum every month on their mortgage.

As the kids started to grow up and move out, and as Susanne and Timothy started creep towards the age of 50 – they became a little worried. They still had a 23 years left on their mortgage.

Which means they would still not have paid off their home by the time they retired. That’s when we met with Susanne and Timothy.

We quickly discovered that they had not checked if they were eligible for a refinance on their mortgage.

We walked through and discovered that they were eligible for enormous savings.

In fact, Susanne and Timothy were able reduce their remaining loan term from 23 years to 15 years without needing to pay a single cent more than they were before – a huge 8 year reduction.

Best of all, it took them just 27 days to get sorted.