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Our award-winning mortgage brokers will find you the right home loan for your situation.
When should I refinance?
This really depends on your situation but most consider refinancing every four years to score a better interest rate.
Other people want to switch from a basic package to a professional package in order to take advantage of features like an offset account, credit card and branch access.
Other reasons include consolidating debt, refinancing bad credit mortgage to a standard loan or accessing equity.
Am I able to consolidate existing debt?
Debt consolidation can save you a lot of money because you can take all of your existing debts, roll them into your mortgage and pay just one easy monthly payment.
The benefits are that:
- You pay the debts back at the rate of the home loan, not at the rate that accompanies each debt. A credit card debt, for instance, can have an interest rate as high as 17%.
- You can consolidate up to five different debt facilities.
- You won’t get hit with the fees associated with credit cards and personal loans.
- You actually pay back a smaller portion because you’re paying a lump sum on a monthly basis.
What can I use equity for?
You can use your equity for any worthwhile purpose such as:
- Buying another property.
- Buying a business or investing in your business.
- Investing in stocks, shares or managed funds.
- Consolidating your debts, such as credit cards or personal loans, into your home loan.
- Buying a new car or boat.
- Renovating your home.
- Helping to pay for a holiday, wedding or medical expenses.
- To keep funds on standby for when you take maternity leave.
When can I refinance out of a bad credit home loan?
If your current home loan is with a specialist lender due to having defaults listed on your credit file in the past, you can refinance to a major lender or bank if:
- You owe 80% or less of your property’s value (up to 90% can possibly be considered).
- All of your defaults are paid and are no longer showing on your credit file.
- You have full income evidence (low doc loans may be available in some cases).
- You have made all of your repayments on time in the last 6 months.
Can I get a refinance rebate?
Rebates vary from lender to lender and can dependent upon whether you’re a first home buyer or an existing customer.
They include:
- Cashback offers: One of our lenders is offering a rebate of $1,250 if you submit your application before 31 May 2015. Conditions apply so call us to find out more.
- Fee waivers such as discounted LMI and application costs.
- Refunds and discounts on the first annual fee on a professional package.
We’ve lent more than $4 billion+ Australia-wide.
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They walked us through the process step by step
We would like to say thank you to Hank from Home Loan Experts for all his help in getting us a guarantor loan.
We were really unsure if we would ever get an approval for a home loan, but Hank immediately knew the right lender to approach for our situation, and made the whole process simple…
We would definitely recommend Home Loan Experts to anyone. Thanks again to Hank and the team from Home Loan Experts for making it possible for us to own our first home.
Ianthe S & Jadobi l, Carina QLD
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A very friendly, professional and helpful team
The team was very friendly, professional, helpful and went out of their way to get the right loan that was suitable for us… I recommend this service for those who find it very hard to purchase a property going directly to a bank. Thank you Home Loan Experts, you have finally given my family and me the opportunity to own a beautiful home.
Denise H, Epping VIC
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A lot smoother and less stressful than having to deal with banks as an individual
Our mortgage broker was very personable and made us feel like he went above and beyond to assist us in getting our home loan. He had a great knowledge of guarantor home loans which set our minds at ease. He was happy to answer any questions even outside business hours and responded in a professional and timely manner. As a second home buyer I would recommend going through the home loan experts as this process was a lot smoother and less stressful than having to deal with banks as an individual. I would especially recommend Hoa to others.
Melissa H & Rhys B, Wynnum West QLD
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Exceeded my expectations in terms of results
Throughout the process I felt confident in knowing I could rely on you and at no stage did I ever feel that trust could be an issue with you. You have exceeded my expectations in terms of results and have done this with very short notice. You are an asset to your company and a role model to your profession… I already have and will continue to recommend your services to friends and family.
Thomas M & Tanya W, Botany NSW
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So easy to speak to no matter how stressful the situation
We are both so grateful to Amine for all of his hard work and great advice over the past year! It’s been such a long journey… We are starting to settle into our new home in Trentham now. It is just so beautiful and relaxing! We really love it and are so happy with our purchase. Amine was right all along – things happen for a reason! Thank you Amine for always being there for us.
Tanya & Andrew B, West Melbourne VIC
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He even made a guarantor loan from our parents seem effortless!
After the roller coaster ride of going cap in hand to the bank manager, only to be turned away… we found Tony. What a refreshing change! Within a 2 week time frame, we had approval and were able to follow the normal approval process to get the loan…. With Tony’s inside knowledge on how lenders think he was able to approach the bank with an excellent case and really put us in a great position in the lender’s eyes…. We recommend Tony and Home Loan Experts strongly and will be using them for our next purchase…
Julie W & Luisa C, Waikiki WA
