People refinance for all sorts of reasons.

It may be that the home loan that you’ve had for a few years now no longer suits your needs—either because it has features that you’re paying for that you’re not using or because you are looking for a little extra from your loan now. It may also be that the lender that you are with is above the going rate with the interest that they are charging and you’d be better off with a different lender.

It’s also possible that you’ve built up enough equity in your home that you’ve decided to access some of this equity to treat yourself to a holiday, a new car, a boat or any one of a hundred other great ideas that will let you enjoy life a little more. It could also be that you’ve decided to use some of the equity that you have as a deposit for an investment property.

And last but by no means least is that you may need to consolidate some of your debts and you’re better off looking at covering some crippling personal loan or credit card repayments as part of your home loan.

Regardless of why you’re thinking about refinancing or increasing your loan, we can work with you to identify the options that are available to you even if we weren’t involved with the original loans.

The process that we’ll follow is very similar to what we would do if you were buying a place to live.

We’ll work with you to understand your financial position—we’ll look at your savings or equity, your income and existing financial obligations; we’ll look at your goals so that we can understand what you need in a loan and we’ll work out what you can do at the moment. If you’re not in a position to refinance at the moment, we’ll talk to you about what you could do to improve your position and see how we can help you achieve it.

We’ll work through issues such as the choice of principal and interest vs. interest only repayments, Fixed Interest Rates vs. Variable Rates, Standard Variable Home Loans vs. Lines of Credit and so on to get a selection of the suitable options available.