Refinancing your home loan can save you money, freeing up your funds for things like home improvements, car repairs, a family holiday, education, or a cherished dream.

Why refinance?

Refinancing can help you obtain a better interest rate and payment terms that better suit your current circumstances.

You may choose to switch from a variable to a fixed interest rate, or vice versa. A fixed rate assures that your interest payments stay the same during the course of your loan, while a variable rate, although it comes with some risk, allows you to take advantage of offset accounts, which can potentially save you money.

Your mortgage broker at Can Finance Group will first meet with you to understand your situation and then will take the time to explain your options so that you can make the possible decision.

Equity is power

Accessing the equity in your home can help you build wealth and make the most out of your financial situation. If your property has gained in value since you purchased it, so has your equity – a nice little perk for simply doing what you normally do.

It is possible to access the equity in your home to make it work harder for you. You can use the money to purchase a new car, to upgrade your home, or as a deposit on an investment property.

Consolidate your debt

Another reason to refinance may be to pay off debt and reduce the amount you are paying every month. If you refinanced your home, you could potentially pay off your existing home loan as well as your unsecured debt and come out with a much lower monthly payment overall.

We recommend not using debt consolidation on web sites unless referring to a Personal Loan consolidation. ASIC does not like mortgage debt consolidation advertised or included on website without a rather large amount of information regarding advantages and disadvantages.

Call today to set up an appointment with one of our mortgage brokers and discover the refinancing options available to you.