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Home Loan Refinancing Newcastle & Central Coast

Refinancing involves taking out a new home loan that better suits your financial situation. You should review your home loan at least every few years or any time that market conditions or your financial circumstances change. Consider refinancing your home loan if it helps your financial position.

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

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 more money.

There’s a huge range of mortgage broker companies and new loan financial product options in the Australian market. But it’s a time-consuming process and confusing to research them all to find the best one for your current needs.

Why Choose Us

Our Wisebuy Solution

Our expert team at Wisebuy Home Loans can help you to review your home loan and is accredited with an Australian Credit Licence. 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 provide professional advice and 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 with many lenders. 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.

If you refinance your home loan you will not only save interest, it will also make your interest 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.

It’s also 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 Home Loans refinancing clients.

How Much Could I Save By Refinancing?

This depends on your income (including your potential tenant income), individual circumstances, and how much you can afford to repay. You can use our Wisebuy Home Loans borrowing power calculator to give you an idea of how much you may be able to borrow.

How Can I Compare Loans?

You can seek professional advice with our expert team for a detailed comparison, or you can use our Wisebuy Home Loans loan comparison calculator to give you an idea.

This depends on how much you borrow, your existing 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 Home Loans loan repayment calculator to help you work out your repayments of different loan amount options over different terms and at different interest rates.