Refinancing your home in Melbourne

Seddon Melbourne Mortgage Broker

Wouldn’t you love to have more money in your pocket every month? Refinancing your home can help you do that.

At STARK Finance we run Australia’s #1 home refinancing service (well, we think so anyway!), we will work with you and answer any questions or concerns that arise during the process. We are dedicated to making home refinancing as easy as possible for everyone involved. So if this sounds like something you’d be interested in, don’t hesitate to get in touch with us today!

Truganina Refinancing
Refinancing Thomastown

STARK Finance has been successfully helping Australians with their home refinancing needs for decades. We provide clear solutions that best suit each situation. For example, we help refinance your home loan without having to sell it, which would have tax implications on capital gains or negative equity consequences if your home is sold at a loss.

STARK will protect you from unnecessary financial risks. We also provide peace of mind as we service all our customers according to their specific requirements and offer them flexible loans tailored just for them. What are you waiting for? Call us today!

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Use our loan calculator to get a first impression of how much you can borrow. Our expert loan broker will be able to give you a clearer picture based on your personal situation.

Refinancing Questions

There are many options when you’re looking to refinance your home loan. Here are some questions James gets asked every day by people looking to refinance their home in Melbourne.

Refinancing your home loan means that you make a change to your current loan.  When you refinance it can involve changing the type of loan, amount of loan or you may even change to a different lender.  Your existing loan is paid down and is replaced with a new one. 

There are many reasons why you should refinance your home loan – some of them include:

  • Changed financial circumstance
  • Obtain a lower interest rate
  • Dissatisfied with your current lender
  • You want to convert from a variable to fixed rate (or vice versa)
  • You want to access your current home equity – maybe for another purchase

However, you need to make sure that you should only refinance your home loan when you are certain it is in your best interest.  You need to weigh up all the costs involved (there can be a few) and then discuss it with your mortgage broker before taking the next step.

There can be many benefits from refinancing your home loan.  The main benefits include:

  • Lower interest rate – saving you money
  • More features in your home loan – eg. Accessing a redraw facility
  • Access the equity in your home for another purpose – eg. Renovating your home
  • Making your home loan more manageable 

It is important to understand the costs involved in refinancing your home loan as knowing these costs will help with working out if refinancing is a good option for you.  

The costs involved can include: 

  • Lenders mortgage insurance
  • Application, documentation, settlement and handling fees
  • Valuation fees – to value your home
  • Discharge fees on your existing mortgage 
  • Fixed rate break costs (if you have a fixed rate loan)
  • Registration fees on your new mortgage

Lenders are constantly changing the features and the structure of their home loans.  And of course, home loan interest rates are also constantly changing.  To make sure that you have the best home loan to suit you, it is recommended that you review your home loan every 3-4 years.  Just simply talk to your mortgage broker to help you with your review.   

Melbourne Areas we serve

Whether you’re looking for a house and land package in Melbourne’s newest northern and western suburbs, or a new home in a more established area, we’ve got you covered. We know the requirements of all the land developers and builders, like Symonds, Eight Homes and Metricon.

  • Altona
  • Caroline Springs
  • Epping
  • Essendon
  • Geelong
  • Keilor East
  • Moonee Ponds
  • Sunshine
  • Sydenham
  • Tarneit
  • Taylors Lakes
  • Thomastown
  • Truganina
  • Werribee
  • West Footscray
  • Williamstown
  • Yarraville
  • and more…

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