Loan Comparison Calculator
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The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.
Refinancing Home Loan FAQs
We have provided answers to a few common questions we receive about home loan refinancing below. If you’ve used our refinancing home loan calculator and read through our FAQs but still have queries, don’t hesitate to get in touch with our expert team today.
There are a number of costs when refinancing your home loan in Australia, but not all of them may apply to you. These include exit fees, borrowing costs and Lenders Mortgage Insurance. Your Resolve Mortgage Broker will be able to assess which of these may apply and work with you to get the best deal for your lifestyle, rather than just the best interest rate. Our refinancing home loan calculator can give you a rough indication of your potential long-term savings – try it today!
Some of the ways you may benefit from refinancing your mortgage include:
- Reduced monthly repayments
- Fixed monthly repayments
- Opportunities to make extra repayments
- Consolidation of your debts
- Access to cash via equity in your home
The personal and financial aspects to consider when you are looking at your options for refinancing include your short and long-term financial goals, your current personal situation, capacity for your situation to change in the short term and your costs vs savings.