Refinancing

Does your home loan fit your current financial situation or is there a more appropriate option available?

Refinancing

Does your home loan fit your current financial situation or is there a more appropriate option available?

Why refinancing?

Changes in income, jobs, health and life stage may cause you to consider refinancing your home loan. Whether your decision is fuelled by investment strategy, financial motivations, a birth, death, retirement, illness, divorce, or you just want to fund your bucket list, the reasons why people choose to refinance are varied.

You may want to:

⭕ Refinance to shorten the term of your loan, to be debt free faster.
⭕ Refinance to lower your interest rate, to pay less in interest.
⭕ Refinance to lower your payments, to create a better cashflow.
⭕ Refinance from a variable rate mortgage to a fixed rate one, to lock in a great rate.
⭕ Refinance to simply change your home loan product.
⭕ Refinance to cash out home equity to use for investments, debt consolidation, large purchases or unexpected expenses.
⭕ Consolidate two or mortgages into one to reduce administrative costs.
⭕ Get a mortgage on a paid off house (not technically a refinance) to put cash in your wallet, invest it, spend it or tick items off your bucket list.

Refinancing can be overwhelming, we make it simple

But it doesn’t have to be! Apathy doesn’t have to win. If it doesn’t make sense for you to refinance, then don’t do it.

But, at least make the decision based on current market information and facts rather than miss out on the potential financial benefits due to apathy.

Refinancing your existing home loan could be one of the most important financial decisions you make, bringing you closer to your desired financial future.

With Arch Home Loans at your side, we’ll provide you the information you need based on your situation.

We’ll scan the marketplace and present you the options available for your consideration and we’ll give you the guidance and support you need to make the decision, identify the appropriate home loan choice for you, and get the refinancing in place so that you can achieve whatever it was that motivated you to consider refinancing in the first place.

You may even be surprised by some additional benefits too!

FAQ

Mortgage brokers have access to a variety of lenders and loan products, potentially providing you with more options and better terms than if you were to approach a single bank.

Mortgage brokers can assess your financial situation and guide you on the likelihood of loan approval. They can also provide advice on steps to improve your eligibility.

Typically, you’ll need to provide details about your income, employment, credit history, and other financial information. The mortgage broker will guide you through the required documentation.

The process involves an initial consultation to understand your financial goals. The broker will then recommend suitable loan options, assist with the application, and facilitate communication between you and the lender.

Mortgage brokers can help you explore various loan options, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, and more. They will guide you in choosing the loan that best fits your needs.

The timeline varies, but a mortgage broker can help streamline the process. Factors such as document availability, property appraisal, and lender processing times can influence the overall duration.

Yes, some mortgage brokers specialise in assisting clients with varying credit histories. They can explore available options and provide guidance on improving your creditworthiness.

In essence, Lenders Mortgage Insurance (LMI) enables you to buy a property with a reduced deposit.

LMI serves as a safeguard for the lender (not the borrower) in the event of your default and the subsequent sale of the property at a price lower than the remaining loan balance.

Borrowers are responsible for LMI premiums when the borrowed amount exceeds a specified percentage. While some lenders permit you to include the LMI premium in your home loan, others mandate upfront payment.

A Word From Our Clients

“It is a true Blessing to have met & dealt with George from Arch Home Loans. He refinanced our Loans to a New Lender, by simply finding a way to consolidate our Home Loan with our 3 minor unsecured debts. The end result was our family truly saving in excess of $800 per week. We will forever recommend the fabulous service & results Arch Home Loans delivers.”
Tony & Maja
“Working in the financial services industry myself, I thought I knew all there was to know about getting a home loan. So it was to my surprise that George from Arch Home Loans was able to offer me products and services that were beyond my expectations. George always kept me informed on what was happening with my application and worked around the clock to ensure the whole process went smoothly. I would highly recommend George to anyone wishing to obtain a new home loan or to refinance an existing one.”
Eric & Karen
“George from Arch Home Loans has helped me achieve my dream of being a home owner back in 2008 in the midst of the Global Financial Crisis & more recently a Property Investor. George has given me sound advice and awesome customer service that I've recommended to family and friends. I'd highly recommend George as an easy to talk to, down to earth bloke that gets the job down when he says he will. Look forward in keeping my relationship and prospering in the future.”
Dragan
“Arch Home Loans have helped me with 3 home Loans over the past few years. They have always taken me through the process in a diligent and professional manner. I love the way they explain things clearly and happily answer many questions! I will choose Arch Home Loans for all my future dealings and always highly recommend them to anybody I know.”
Rachel

Your investment porfolio is about to take off

Schedule a free consultation with our team and let’s make things happen!