Home loan refinancing is an option where client can re-assign the loan term up to 30 years with a better interest rate and loan structure. Home loans refinancing can minimize your monthly commitments and free up cash for personal and business use if you can select the right product for you. Using home loan refinancing options you can get access to equity or consolidate your business debts, private loans,bad credit debts, part 9, tax debts. We offer home loans refinancing through bank and no bank lenders full doc, low doc and no doc basis. We have up to 95% LVR full doc home loans refinancing offers through bank home loans. If your business is registered for not less than 6 months we can offer you up to 90% LVR Low doc home loans refinancing. Up to 85% no doc home loans refinancing available if your business is registered not less than 12 months. Bank loans up to 80% low doc available for eligible clients. We accept any degree of credit impairments case by case basis. Please submit an inquiry to commence free assessment for home loans refinancing.
The finance group have achieved 99% approval rates for any type of mortgages in past 7 years record because:
All home loans refinancing rates quoted bellow are subject to changed by lender. To find the appropriate quote for your home loans refinancing please submit an inquiry to commence a free assessment process. All costs quoted are estimation only.
| Interest rate|| Bank loans Full doc: 3 years fixed rate from 4.83% up to 80% loan|
variable rate is from 5.09% with up to 1.1% discount for life of loan.
Bank loan Low doc: 3 years fixed rate from 4.99%
variable rate from 5.19%
Non bank loan : starts from 6.5% and change depending on full doc and low doc loan, rate increase for higher LVR and degree of credit impairment.
Please submit an inquiry to know current rate for home loans refinancing.
|Security|| Standard Residential properties in any populous areas. Depending on lenders postcode guide different lender categories property locations in different way and allocate maximum LVR for the location. |
Vacant land is acceptable for eligible borrowers only, depending on location of the property.
Please submit an inquiry to know maximum LVR available for your property location
| Full Doc/Low Doc/ Acc-Letter|
| Maximum Loan amount|
| Minimum Loan amount||$50,000- $100,000 depending on lender.|
| Credit history|
| Loan Term||2-30 years|
| Repayment options||P&I or IO up to 10 years|
| Lenders Application fee|| |
For bank loan fee can be up to $600 or more.
For non bank loans application fees is included on the risk fee
To read more about typical LMI policy for Low doc home Loans click here.Click here to read more about bank loans for home loans bad credit.
| Risk Fee||1%-2.1% or the loan amount depending on lender, LVR and degree of credit impairment.|
| Our Brokerage||Negotiable depending on amount of loan, amount of work and complex nature of loan requirements.|
| Other costs|
| Proof of Income|| Full doc loans 2 years full financials with tax returns are mandatory. Notice of assessment is not required for some lenders.|
Low doc bank loans 12 consecutive months BAS's is mandatory, recent 6 months trading statements may be required.
Low doc non bank loans 3-6 months trading account statement is mandatory.
No doc debt consolidation home loans only accountant declaration and borrower's repayment declaration required.
| Other supporting documents|| Mandatory for all applicants:|
If any other loans are consolidating client need to provide up to 6 months statement for secured or unsecured debts depending on the lender.
Lender may ask for extra documents during the assessment process depending on the strength of the application.
Please submit an inquiry to commence free assessment for your home loans refinancing application..
|Valuation|| Lenders operate independent valuation of the offered secuirty. Bank loans usually offer first valuation for free. For non bank loans valuation is done at cost quoted to the client.|
Upfront valuation is also available at client cost.
home loans refinancing is possible for full doc and low doc applicants up to different LVR depending on wide range of considerable issues. We offer home loan refinancing for both clean credit and bad credit applicants. When you try to refinance your property with bad credit history the approval process is always harder. If you have mortgage arrears the process may become impossible if you can not provide acceptable explanations to the lender. When you consider to have your home loan refinance low doc or full doc basis you need to consider following issues to make an informed decision:
The finance group have been helping clients in different states in Australia for past 7 years to obtain home loans refinancing through wide range of lenders. We have numerous clients in Sydney, Melbourne, Brisbane, Adelaide, Perth and all other state and Territories of Australia. We have resolved critical and complex financial needs of our client offering them home loans refinancing options. Clients are happy with our service because we have access to wide range of lenders for home loans refinancing and we give clients all alternative options they have, before they make an educated decision to select home loans refinancing options.
From our experience we can advice that home loans refinancing can be most suitable solution for some clients according to their present financial situation and loan requirements. As we have access to 10 different private lenders for home loans refinancing we always make sure clients get the best possible rate with minimum cost for finance. We also take full responsibility to assess and process the application and minimize all risks to get their home loans refinancing application declined. As a result we have achieved 99% approval rate for all types of mortgages.
Some times short term mortgages are suitable solution for some clients other than doing long term home loans refinancing. We also have access to numerous private funds to have short term mortgage solutions when it is necessary to become eligible to obtain long term home loans refinancing options in future