Refinancing your home loan can be one of the smartest financial decisions you make—if done right. Whether you’re chasing a better rate, need more flexibility, or want to access equity for renovations or investments, here’s what you need to know.
✅ Why Refinance?
- Lower interest rate: Reduce repayments and save over the life of your loan.
- Access equity: Use built-up equity for home improvements, investing, or consolidating debt.
- Loan features: Switch to a loan with offset, redraw, or flexible repayments.
- Better service: Not happy with your current lender? Time to move on.
📝 Steps to Refinance Your Loan
- Review your current loan
- Know your interest rate, remaining term, and any break or discharge fees.
- Set your goal
- Lower repayments? More features? Access equity? Your reason will guide the strategy.
- Compare lenders
- Look at interest rates, fees, features, and flexibility—not just the lowest rate.
- Get your paperwork ready
- Recent payslips, tax returns, ID, and your current loan statements.
- Apply and get approved
- Your new lender will value the property and assess your application.
- Settlement
- The new lender pays out your old loan, and your new repayments begin.
💡 Tip:
Some lenders offer cashback incentives for refinancing—ask us which ones are available today.
👨💼 Need help?
At Flourish Finance, we make refinancing simple. We’ll compare options across multiple lenders and guide you every step of the way—without the hassle.
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Flourish Finance is a mortgage brokerage based in Bella Vista, New South Wales, specializing in helping clients navigate the competitive and ever-changing mortgage landscape. They offer personalized services to find the right loan tailored to individual needs, including home loans, investment properties, asset finance, business loans, and refinancing options. The team at Flourish Finance is known for their transparent and client-focused approach, providing expert guidance and support throughout the mortgage process. Whether you’re a first-time homebuyer or looking to refinance, Flourish Finance aims to make the journey as simple and efficient as possible.