Liberty

Refinancing a Liberty Mortgage

There are many people who are refinancing their Liberty mortgage to another lender who can offer a lower interest rate. Just like Bluestone, Liberty is a specialist lender. They were the first non-conforming bank in Australia and are still trading to this current date.

What are the exit fees / costs?

Liberty Financial charges the following fees on their loans:

  • Rebatable Termination Fee (RTF) - $0 for Star / Nova loans. Private loans attract a fee of 4% of the original loan amount which is due if the loan is not paid out at maturity or is paid out early.
  • Discharge Fee - $395 (plus legal fees) is payable when discharge is requested, whether it occurs or not.

    • You should be aware that the above figures are only general and are subject to change in accordance with the lender’s policy. For more information please enquire online and one of our specialist mortgage brokers can guide you into the right direction.

    Are Liberty’s current interest rates competitive?

    Just like all non-conforming lenders, Liberty’s current interest rates are not competitive. This is due to the sub-prime crisis that affected many institutions, banks and lenders in particular.

    About Liberty Financial

    Liberty Financial is highly regarded and well established financial services group, backed by global banks such as Deutsche Bank, Credit Suisse, National Australia Bank and Macquarie Bank.

    Liberty originated in Australia 1997 in which they introduced specialty lending. During this launch they recognised people who were not being serviced or being serviced poorly by traditional lenders.

    Apply to refinance your Liberty mortgage

    Please enquire online and refinance your Liberty home loan to another lender that can offer a lower interest rate on your monthly repayments!