| | |
2.54%
|
2.56%
|
80%
|
$43,171.24 | | Up to $4,000 refinance cashback. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up to $4,000 cashback and borrow up to 80% of the property's value (terms, conditions & exclusions apply). | | |
| | |
2.34%
|
2.34%
|
80%
|
$48,903.84 | |
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
| | |
| | |
2.49%
|
2.49%
|
60%
|
$44,719.6 | |
A competitive variable rate home loan for owner-occupiers. Requires a 40% deposit.
| | |
| | |
2.29%
|
2.72%
|
95%
|
$50,287.27 | | Up to $3,000 refinance cashback.
A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply. | | |
| | |
1.88%
|
2.98%
|
80%
|
$61,434.54 | |
Lock in a competitive fixed rate for 2 years and buy your home with a 20% deposit.
| | |
| | |
2.54%
|
2.55%
|
80%
|
$43,314.23 | |
A competitive variable interest rate loan with low fees. The establishment fee is waived if you borrow $150,000 or more.
| | |
| | |
1.75%
|
2.22%
|
80%
|
$64,892.81 | | This very low fixed rate is only available until 26 February 2021. Other conditions apply. A competitive fixed rate loan with no ongoing fees. Requires a 20% deposit
| | |
| | |
2.19%
|
2.19%
|
60%
|
$53,040.06 | |
Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.
| | |
| | |
1.89%
|
2.94%
|
80%
|
$61,167.02 | |
Lock in a low fixed rate loan for two years and get the annual package fee waived in the first year. Available for borrowers with 20% deposits.
| | |
| | |
1.94%
|
2.18%
|
90%
|
$58,987.91 | |
Owner occupiers can get a sharp fixed rate for the first year, plus an offset account. Available with a 10% deposit.
| | |
| | |
2.09%
|
3.46%
|
95%
|
$55,020.05 | |
Lock in a low fixed rate for the first two years. Refinancers borrowing $250,000 or more can get cashbacks between $2,000 and $4,000 depending on their loan to value ratio (Other terms, conditions and exclusions apply | | |
| | |
2.09%
|
3.5%
|
95%
|
$55,375.62 | | Up to $3,000 refinance cashback.
Competitive fixed rate home loan. Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply. | | |
| | |
2.17%
|
2.2%
|
80%
|
$52,723.37 | |
A very low interest rate for home buyers with 20% deposits saved. Add an offset account for a small fee. This special discount rate is available for new borrowers who apply and get approved by 30 November 2020. Not available for construction purposes. | | |
| | |
2.04%
|
2.79%
|
80%
|
$56,525 | | $3,000 refinance cashback.
Buy your home and lock in a low rate for the first two years. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 26 February 2021 and settle by 28 May 2021. | | |
| | |
2.59%
|
2.6%
|
80%
|
$41,903.57 | |
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.
| | |
| | |
2.59%
|
2.61%
|
90%
|
$41,759.64 | | Up to $4,000 refinance cashback.
With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up $4,000 cashback and borrow up to 90% of the property's value. (Terms, conditions & exclusions apply). | | |
| | |
2.19%
|
2.53%
|
80%
|
$53,040.06 | |
Borrow up to $750,000 with this basic 3 years fixed rate home loan.
| | |
| | |
2.54%
|
2.54%
|
60%
|
$43,314.23 | |
Investors with large 40% deposits or equity can get this low variable rate. A competitive option for investors looking to refinance.
| | |
| | |
2.04%
|
2.17%
|
90%
|
$56,278.33 | |
A low 3 year fixed rate for home buyers. Add a 100% offset account with a $10 monthly fee. Not available for construction purposes. | | |
| | |
2.54%
|
2.56%
|
80%
|
$43,171.24 | | Up to $4,000 refinance cashback
A competitive variable rate loan from Bank of Melbourne. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.24%
|
2.21%
|
70%
|
$51,666.66 | |
A low variable rate for owner occupiers with 30% deposits. No upfront or ongoing fees.
| | |
| | |
1.99%
|
2.33%
|
80%
|
$58,479.66 | |
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
| | |
| | |
2.09%
|
3.46%
|
95%
|
$55,240.95 | |
Competitive fixed rate loan. Refinancers borrowing $250,000 or more can get cashbacks between $2,000 and $4,000 depending on their loan to value ratio (Other terms, conditions and exclusions apply | | |
| | |
2.54%
|
2.56%
|
80%
|
$43,171.24 | | Up to $4,000 refinance cashback
A competitive variable rate loan from BankSA. Refinancers borrowing $200,000 or more can get a $4,000 cashback (Other terms, conditions and exclusions apply). | | |
| | |
2.36%
|
2.39%
|
90%
|
$47,462.04 | |
A competitive 3 year investor rate with principal and interest repayments. Optional offset account with a $10 monthly fee. Not available for construction purposes. | | |
| | |
2.59%
|
2.61%
|
80%
|
$41,523.59 | |
Competitive variable rate home loan. Refinancers borrowing $250,000 or more can get cashbacks between $2,000 and $4,000 depending on their loan to value ratio (Other terms, conditions and exclusions apply | | |
| | |
1.99%
|
2.17%
|
90%
|
$57,635.86 | |
A low fixed mortgage with an optional 100% offset account. Not available for construction purposes. | | |
| | |
2.09%
|
3.46%
|
80%
|
$55,020.05 | |
Competitive fixed rate loan. Refinancers borrowing $200,000 or more can get cashbacks between $2,000 and $4,000 depending on their loan to value ratio (Other terms, conditions and exclusions apply | | |
| | |
2.52%
|
2.55%
|
90%
|
$43,021.3 | |
A very low variable interest rate for borrowers with a 10% deposit. Add a 100% offset account for $10 a month. Not available for construction purposes. | | |
| | |
2.29%
|
2.23%
|
80%
|
$50,287.93 | |
A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.
| | |
| | |
2.55%
|
2.6%
|
95%
|
$41,836.97 | |
Home buyers can get a competitive, low-fee variable rate plus a 100% offset account. Low deposit option available. Eligible new home buyers with low deposits can apply for the First Home Loan Deposit Scheme with this lender and avoid LMI costs.Eligible refinancers can get a $2,000 pre-paid credit card when they switch to CUA. | | |
| | |
2.59%
|
2.76%
|
60%
|
$41,255.02 | | $3,000 refinance cashback.
A variable rate loan for owner occupiers with a 40% deposit (or equity) borrowing under $500,000. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 26 February 2021 and settle by 28 May 2021. | | |
| | |
2.59%
|
2.6%
|
110%
|
$41,903.57 | |
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, QLD and ACT only. | | |
| | |
2.14%
|
2.71%
|
80%
|
$54,408.06 | |
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
| | |
| | |
2.84%
|
2.46%
|
80%
|
$34,771.25 | |
Owner occupiers can refinance to one of the most competitive interest-only rates in the market. No application fee and no ongoing fees.
| | |
| | |
2.14%
|
2.35%
|
80%
|
$54,408.06 | |
A one year fixed rate offer with no ongoing bank fees.
| | |
| | |
2.5%
|
2.67%
|
60%
|
$43,798.03 | | $3,000 refinance cashback.
Buy your home and lock in a low rate for the first two years. Get a $3,000 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 26 February 2021 and settle by 28 May 2021. | | |
| | |
2.29%
|
2.72%
|
80%
|
$50,287.93 | |
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
| | |
| | |
2.64%
|
2.65%
|
90%
|
$40,487.62 | |
A competitive value home loan with no ongoing fee.
| | |
| | |
2.09%
|
2.3%
|
80%
|
$55,770.62 | |
A competitive 3 year fixed rate with no ongoing bank fees.
| | |
Hi,
I’m after help to get a better interest rate on my home loan my current rate is 4.03%. I’m a bit indecisive in regards to how to go about it. I’m unsure of fees cost to change loan. I’m lost I have to say.
Regards,
Tim
Hi Tim,
Thank you for getting in touch with Finder.
You may ask your lender if they can offer better deals than the one you have. Lenders will usually have a number of incentives to retain customers thinking of refinancing, including discounted interest rates and waived fees. If you’re still considering to shop around, kindly check out this page to start comparing your options. You may use the refinancing calculator on this page to calculate the expected costs. I also suggest that you seek help from a mortgage broker since you’re looking for providers that offer the cheapest rate.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
How does being over 60 years and semi -retirement impact refinancing for an investment property where the rental income covers the mortgage repayments?
Hi Mary,
Thank you for getting in touch with Finder.
As you know, there is technically no maximum age limit for when an Australian can apply for a home loan – residential or investment property. However, lenders have the responsibility to ensure that they only approve home loans to applicants who can afford the repayments without experiencing financial hardship, so older applicants will find it much more difficult to obtain home loan approval. Since you mentioned that you’re over 60 and applying for a home loan, you’ll need to provide a greater amount of information regarding your current and future financial position including the rental income. I also suggest that you seek professional help from a mortgage broker to find out which lenders offer loans suitable for your needs.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
hi I was just wondering how long is the minimum waiting time before refinancing again?
Hi Bekim,
Thanks for your inquiry
There’s really no limit, at least under the law. Legally, you could close on one mortgage today, then go right out tomorrow and refinance it. Now, how long should you wait before refinancing again? And how soon will your lender allow you to get out of your current mortgage?
This will vary extensively between lenders. As a practical matter, few lenders are likely to approve you for a new mortgage if you’ve been in your current one for less than a year. Your current lender may also have restrictions on how soon you can get out of the mortgage, usually in the form of prepayment penalties. It would be best to speak with your lender for clarification about this.
Hope this information helps
Cheers,
Arnold
Hello there!
I will be 57 years of age in May, am single, working full time, and this would be my first home. My total assets are worth around $75k. I have $25k-$30K deposit total.
If you could just advise me please of how much property price could I afford? The total apartment price that it.
Much appreciated
J
Hi Jacqui,
Thanks for your inquiry.
The amount you can borrow (relative to the price of the property) for a home loan is basically up to the lender based on their assessment of your overall financial situation. Usually, they would consider some factors like your income, employment, assets, other liabilities and even credit history. Nevertheless, if you like to calculate an estimate, you may use the calculator we have on this page. Alternatively, you can reach out to a mortgage broker who can offer a range of home loan options.
Hope this helps.
Cheers,
May
Hi just wondering what the process is for changing name on the title from sole proprietor to joint proprietors when there is a mortgage on title?
Hi Christine,
Thanks for your inquiry.
Whilst your property is on mortgage, it is still possible to change the ownership of the property. There’s a guide on this page – https://www.finder.com.au/guide-to-changing-property-ownership that outlines how you can go through the process. But first, you’d need to speak to your lender about your plan in changing the type of ownership of your property.
Hope this information helped.
Cheers,
Arnold
If I have two St George loans with a mate of mine…(both our names on both…he pays one and I pay the other) what is the best way of getting out of having two loans and having only one with my name and one with his name on it?
Phil.
Hi Phil,
Thanks for your question.
It is possible to refinance a joint home loan to an individual loan and get a better rate through any of the options above. Please note that you should meet certain eligibility criteria to get approved. Please click the name of the loan product on our page so you’ll see the details how to qualify. The ‘go to site’ button is for submitting your application.
You may want to consider getting in touch with a mortgage broker if you need assistance in finding a suitable home refinancing loan.
Cheers,
Anndy
How to refinance the exsiting mortgage for low interesr rate
Hi Senita,
Thanks for your question.
If you are looking to refinance your existing mortgage, the step-by-step refinancing process is explained in the above infographic.
Should you need assistance in finding a suitable home loan, a mortgage broker can help.
Cheers,
Anndy
I have a rented unit in Sydney that I would like to refinance to buy land in NZ where I now live. I have contacted a broker who came back with 75% LVR (thats OK), but with a whopping 7.35% interest.
What other options are open to me?
Hi Richard,
thanks for the question.
You’ve come through to finder.com.au, a comparison service. Unfortunately by law we’re unable to suggest specific home loan rates and fees which you could apply for. It might be a good idea to contact a number of lenders that you’re interested in or alternatively speak to another broker to get another recommendation.
Cheers,
Marc.
Do you know if any of the lenders will re-finance pensioners? Both aged 60, and still have 15 years left on current mortgage
Hi Ros,
thanks for the question.
While I can’t by law suggest specific lenders to try to refinance to, a good mortgage broker will be able to give you a personalised suggestion of which lenders to speak to.
I hope this helps,
Marc.
Hi Ros,
Thanks for reaching out.
It may be difficult to qualify for a refinance if you are pensioners as most lenders will review you as high-risk borrowers. However, your best course of action would be to speak to a licensed mortgage broker to discuss your refinance options. A broker can help you understand your borrowing capacity and they can draw upon a panel of lenders, including specialist or non-bank lenders, that may have more lenient eligibility criteria.
Ultimately, a broker will determine your propensity to repay the refinanced loan by taking into account your income sources, assets, credit history and any existing debts that you have. This type of application will be treated on a case-by-case basis.
We have a page about refinancing after retirement which you might find useful.
All the best,
Belinda
I have A mortgage in New Zealand and I wondered if I could refinance that mortgage in Australia. I live and work in Australia now and it costs money to transfer to and from New Zealand. Or is there a way I could get part of a loan, say 100000 to pay part of that mortgage off and pay it in Australia? Thanks
Hi Terry,
Thanks for reaching out.
Most Australian lenders prefer that the security for the home loan is based in Australia, so it may be difficult for you to refinance the mortgage in this case. However, your best course of action would be to speak to a licensed mortgage broker as they’ll be able to help you understand your refinancing and borrowing options.
To minimise the cost of transferring funds to and from New Zealand, you can compare a range of global money transfer providers to find one with competitive terms.
All the best,
Belinda