Refinance Get A Better Rate

Refinance Get A Better Rate


It’s recommended that you review your mortgage every 12 months so that you can ensure you’re still getting the best low rate finance and low interest finance available. At Australian Credit and Finance we understand the concept of ‘shopping around’ and encourage our customers to do just that.

Our Home Loan Experts can run a mortgage health check for you over the phone, it’s simple and we can provide you with options on the same day. Call us today on 1300 735 557 to discuss.


Things to Consider When Refinancing


So you’ve decided that you want to refinance in the hopes of getting a better rate. Here’s what you should consider while going through this process:

  • Are you happy with the level of service from your current lender?
  • What type of loan do you need (fixed, variable, interest only etc)
  • What home loan features are important to you?
  • Have your circumstances changed since you got your mortgage?

If you want to get the best rate, there are some things you need to consider in terms of the type of loan you access.


Compare Home Loan Rates


Fixed Interest Rates

A fixed interest rate loan is where you fix your mortgage amount for a set period of time, at a set interest rate.

This type of loan is a good option if you need to know what your outgoings are every month. This is also a good option for you if you need to keep your outgoings the same for a few years, particularly if you’re planning to start a family.

Our Home Loan Experts can provide you with advice as to whether this type of interest rate would best suit your needs. Call us today on 1300 735 557.

Variable Interest Rates

A variable interest rate loan is based on the floating rate, which is set by the lender. The rate is subject to change and can go up or down.

This type of loan is a good option for you if you want to pay off your home loan faster or you want to fix a portion of your loan amount further down the track.

Interest Only

An interest only loan is just that – you only pay off the interest and not the principal amount. This type of loan is not for the long term, but if you need to free up some cash, paying interest only for a short period of time is a good option as well.

Before you decide to change your current lender, make sure you shop around first. Your current lender could be your best option, but they could also be your worst.

Using a professional service like that provided by Australian Credit and Finance will ensure that you get the best deal available. We have access to a variety of lenders Australia wide, which means that no matter where you’re located, we can get the best deal for you.


Talk to our friendly team of Australian Credit and Finance mortgage experts who can help you navigate your way through the process of buying a home, investing in property or refinancing your home loan. Call us today on 1300 735 557 to discuss your home loan options.