Think Oz Lend to Refinance Home Loan in Melbourne
Refinancing means to finance again. To refinance a home loan is a method to reduce your current monthly repayment amount. This can be achieved by either obtaining a lower interest rate or extending the loan repayment period.
A lower interest rate will shorten the life of your loan and reduce total repayment amount required. To refinance a mortgage is a means to shift from an interest-only fixed period loan to longer-term principal and interest loan.
At Oz Lend, we provide you the professional guidance when you are looking to refinance in Melbourne.
Home Loan Refinancing Challenges
Refinancing a home loan can be challenging and confusing at the same time. The main reason for this is the availability of so many options from multiple lenders to refinance a home loan.
Expert guidance can assist you in choosing a strategy that will work best for the most financial gain. According to new Canstar data, in 2020 14% of Australian mortgage holders switched lenders. The main reason for this was to get a lower home loan interest rate. Canstar also identified that a further 17% of mortgage holders are intending to switch lenders to obtain a better deal.
Many lenders are offering lower interest rates and attractive cashback offers. While special offers are attractive for many who are seeking a home loan, they may not be attractive as they first appear.
Signing up for a particular loan solely for a special deal might be beneficial for some but not all borrowers. The basic aspects of a refinance home loan such as interest rate, fees and features are extremely important considerations.
Why Use Oz Lend to Refinance Home Loan
Refinance Home Loan in Melbourne can be a daunting task for many, but with professional assistance and guidance, the unrequired burden can be lifted off your shoulders.
At Oz Lend, our experts will assist you in
- Finding the refinance deal that would suit your current needs and future goals.
- Minimizing the cost of your home finance
- Preparing and submitting the mortgage refinance application
With Oz Lend, finding the right mortgage refinance is a smooth process. We assist you to save time and energy when considering to refinance home loan.
We utilise our relationships and years of experience in dealing with a lending panel of over 30 lenders to streamline the application process.
Our extensive experience over many years will assist you in obtaining the right loan, at the right rate, and under the right terms and conditions.
Connect with us today on 1300 438 669 and book a meeting with one of our authorised credit representatives to discuss your refinancing requirements.