Refinance Home or Investment Loan
How LoanVa Can Help You Refinance Your Home or Investment Loan
1) Access
to Competitive Rates & Better Loan Options
With our extensive lender network, we compare a wide range of loan
products to ensure you secure a lower interest rate or better loan terms.
Whether you're looking to reduce repayments, switch to a more flexible
loan, or consolidate debt, we’ll find the best deal tailored to your
needs.
2) Personalized
Expert Advice
Every borrower’s situation is unique. We take the time to understand your
financial goals and provide tailored recommendations that maximize your
savings and benefits.
3) Streamlined
& Hassle-Free Process
Refinancing can seem overwhelming, but we handle the heavy lifting for
you. From comparing loan options to managing paperwork and negotiations,
we ensure a smooth, stress-free transition to your new loan.
4) Unlock
Equity for Investment or Lifestyle Needs
If your property has increased in value, refinancing can help you tap into
your home’s equity to fund another investment, renovate your home, or
achieve other financial goals. We help structure your loan to optimize
your borrowing power.
5) Ongoing
Support & Guidance
Our commitment to you doesn’t end once your loan is refinanced. We
continuously monitor the market and your mortgage to ensure you’re always
getting the best deal, helping you stay ahead of changing interest rates
and lending policies.
At LoanVa, we make refinancing easy and rewarding.
Whether you're a homeowner or an investor, let us help you secure a smarter,
more cost-effective mortgage solution. Take control of your financial future.
Contact LoanVa - borrowing made simple
Things to Consider When Refinancing Your Home or Investment Loan
Refinancing your mortgage can help you save money, access better loan features, or unlock equity, but it’s important to evaluate your situation carefully. Here are key factors to consider before making the move:
1) Your Financial Goals
Are you looking to lower your interest rate, reduce repayments, or consolidate debt?
Do you want to access equity for renovations or investment?
Are you aiming to pay off your loan sooner with better features?
2) Interest Rates & Loan Terms
Compare your current rate with what’s available in the market.
Check if refinancing will actually reduce your overall interest payments.
Consider whether a shorter or longer loan term aligns with your financial strategy.
3) Refinancing Costs
Be aware of discharge fees, application fees, valuation costs, and potential lender’s mortgage insurance (LMI).
Ensure the savings from refinancing outweigh the costs involved.
4) Your Loan Type & Features
Do you need flexible loan features such as offset accounts, redraw facilities, or extra repayment options?
Consider switching between fixed and variable rates based on market trends and your financial comfort.
5) Equity & Loan-to-Value Ratio (LVR)
Lenders assess how much equity you have in your home. More equity can help secure better rates.
If your LVR is over 80%, you may need to pay LMI, which can add to costs.
6) Your Credit Score & Financial Stability
Lenders will review your credit history, income, and financial position before approving refinancing.
Ensure your credit score is strong to qualify for better rates and terms.
7) Break Fees & Penalties on Your Current Loan
If you’re on a fixed-rate loan, check if there are break fees for exiting early.
Understand any penalties for early repayment or switching lenders.
8) The Refinancing Process & Time Commitment
Refinancing involves paperwork, credit assessments, and lender approvals.
Consider whether you have the time and patience to go through the process.
Final Thoughts
Refinancing can be a great way to improve your financial situation, but it’s essential to weigh the pros and cons. At LoanVa, we guide you through every step, ensuring you get the best deal with minimal hassle. Contact us today to see if refinancing is the right move for you!
