Contact Us Services About Contact

Don't pay the home loan loyalty tax

Refinancing a home loan can save you money on interest payments, adding up to 10’s of thousands over the course of a loan. Reducing monthly mortgage payments also helps with cash flow. And when you consider the array of cash-back incentives on offer from lenders, refinancing your home loan could be a no-brainer!

Get in Touch
Law property Disputes

Benefits of Refinancing a Home Loan

Frame 1

Shorten Your Loan Term

If you’re able to refinance to a shorter loan term, you may be able to save money on interest as well. For example, if you have a 30-year mortgage with 25 years remaining, and you refinance to a 15-year mortgage, you’ll pay off the principal faster and save on interest over the remaining life of the loan.
Frame 486

Refinance Cashback Offers

It's a competitive space and banks offer cash incentives to lure new customers via refinancing, often in the range of $2,000 to $4,000 or more. So even if your rate only reduces slightly, you’re likely to end up with some extra cash in your pocket, or use it to offset any break fees. It really is a win win situation!
Frame 487

Lower Rates & Repayments

Refinancing could save you money on interest payments over the life of the loan. For example, if you have a 30-year mortgage for $300,000 with an interest rate of 6%, your monthly repayment would be $2,763, while at an interest rate of 5%, your repayment would be $2,387, that’s almost $100 a week of savings!
Frame 488

Refinancing Process is Free

At BlueRock, the refinancing process is completely free for our clients. However, you need to aware of any mortgage exit and penalty fees that may apply to you. Our knowledgebale mortgage brokers will help you navigate these fees and ensure you only go through refinancing if it means you'll be better off overall.

How Long Does it Take To Refinance a Home Loan?

The entire process, from consultation to settlement, usually takes a few weeks. But trust us, it's worth the wait (and your time).
  • Feature List Simple cost effective fee structure

    Step 1 - Initial Consultation

    We have an initial consultation of up to 45 minutes, either in person or via video call, where we discuss your current and proposed banking facilities. This consultation, like the whole process, is free!

  • R&D Campaign Feature 3

    Step 2 - Gather Documentation

    We'll ask you to provide the information we need to get the ball rolling. This includes the details of your current mortgage and repayment history, copies of your payslips, household spending and more. Don't worry, we make it easy.

  • Feature List Independent unbiased advice

    Step 3 - Analysis & Research

    Once we receive all the necessary documents, our team will analyse the information and use it to understand how much refinancing your mortgage could save you. We then identify and provide you with the three most suitable refinancing options.

  • Feature List Accessible and personalised wealth management

    Step 4 - Decision Time

    We'll meet again to talk through the options and we'll help you choose the right one. We then process your application with the bank and keep you updated until the loan settlement goes through.

Health

Book a Home Loan Health Check

Home loan interest rates have been rising rapidly. If your numbers are starting to look a little scary, or you think a better deal might be out there for you, book in for a free consultation on your mortgage options.
Book a Consultation

YOU MIGHT ALSO BE INTERESTED IN

Go to Knowledgebase

Related services

At BlueRock we think and act like entrepreneurs. Our community of experts can advise and support you in every aspect of your business. Some other services we offer include...

SMSF Loans

Speak to the experts in SMSF lending. We manage the funding process from application to settlement, ensuring the loan complies with the SIS Act, and that you get the most competitive finance available.

Liability limited by a scheme approved under Professional Standards Legislation. © BlueRock 2024.

Switch region