Reduce Loan Costs
Review your current rate and compare available lending options that may better suit your circumstances.
RESIDENTIAL PROPERTY FINANCE REFINANCE & EQUITY
Is your home loan still working for you?
Your circumstances change. Your home loan should be reviewed when they do.
Explore the free health checkA CLEARER VIEW
As your circumstances, household expenses and financial goals change, it may be worth taking a closer look at your existing mortgage — not just to see whether a more competitive rate may be available, but whether your overall loan structure still supports your cash flow and future plans.
At StoneHaven Finance, we offer a complimentary Home Loan Health Check to help you understand where you stand and whether your existing lending still suits your circumstances.
START WITH A REVIEW
Start with a free Home Loan Health Check.
You don't need to wait until your current loan becomes a problem.
A home loan review can help you:
- Review your current interest rate and loan costs
- Assess whether your loan structure still suits your circumstances
- Explore ways to improve monthly cash flow
- Review your repayment structure and loan features
- Consider consolidating eligible debts
- Assess your available equity
- Explore options that may provide greater financial flexibility
- Prepare for future financial goals
Sometimes refinancing is the right solution. Sometimes staying with your existing lender may be more appropriate.
The first step is understanding your position.WHEN TO CONSIDER IT
When refinancing may make sense.
Refinancing isn't simply about finding a lower interest rate.
A refinancing decision should also consider your repayments, remaining and proposed loan terms, discharge or application fees, potential fixed-rate break costs, loan features and broader financial position. A lower interest rate or monthly repayment does not necessarily mean a lower overall cost.
Depending on your circumstances, refinancing may help you:
Improve Cash Flow
Explore whether a different loan structure or repayment arrangement could help improve your monthly cash flow.
Create a Financial Buffer
Review your lending position and consider strategies that may provide greater flexibility to manage unexpected expenses or changes in circumstances.
Simplify Your Finances
Consider whether consolidating eligible debts could make your repayments easier to manage. Consolidating shorter-term debts into a home loan may extend the period over which those debts are repaid, increase the total interest paid and convert unsecured debts into debt secured against your property.
We help you understand the potential benefits, costs and risks before considering whether this approach is appropriate for your circumstances.
Prepare for What's Next
If you're planning a renovation, investment property purchase or another major financial goal, we can assess whether your current lending structure is ready for the next step.
LANDSCAPE IMAGE TO FOLLOW
YOUR PROPERTY POSITION
Accessing equity from your property.
Over time, you may build equity in your property through repayments and changes in property value.
Depending on your circumstances and lender requirements, some of that equity may potentially be available to support another financial goal.
Equity may be used for:
- Property investment
- Renovations or extensions
- Business or commercial purposes
- Debt restructuring
- Other significant financial goals
Accessing equity also means increasing your borrowing. We consider how additional borrowing may affect your repayments and overall lending position before exploring potential options.
HOW WE HELP
A simple refinance process.
We keep the process straightforward.
Free Home Loan Health Check
We review your existing loan, current circumstances and financial objectives.
Assess Your Options
We consider your borrowing position and compare available lending solutions from our panel of lenders.
Understand the Numbers
We explain the potential benefits, costs, repayments and key considerations before you decide whether refinancing makes sense.
Prepare Your Application
If you choose to proceed, we help prepare your application and supporting documentation.
Manage the Transition
We coordinate with the relevant parties as your application progresses through lender assessment and, where formally approved, through to settlement. We keep you informed throughout the process and help make the transition as straightforward as possible.
REFINANCE & EQUITY FAQs
A few useful questions to ask.
When should I consider refinancing my home loan?
There isn't one right time for everyone. It may be worth reviewing your home loan when your interest rate, financial circumstances, repayments or future goals have changed. A review can help you understand whether your current loan continues to suit your circumstances and how it compares with available options.
Can refinancing help reduce my monthly repayments?
Potentially. Your repayments may change depending on the interest rate, loan amount, loan term and repayment structure. However, a lower monthly repayment does not necessarily mean a lower overall cost, so we consider the overall costs and implications before recommending a change.
How much equity can I access from my property?
This depends on factors including your property's value, existing loan balance, income, financial commitments, lender policies and borrowing capacity. We can help assess your position and explain what may be achievable.
Can I refinance to consolidate my debts?
Potentially. Eligible debts may be able to be consolidated into a home loan, which can simplify repayments.
However, consolidating shorter-term debts into a home loan may extend the repayment period, increase the total interest paid and convert unsecured debts into debt secured against your property.
We help you understand the potential benefits, costs and longer-term risks before considering whether this approach is appropriate for your circumstances.
Does refinancing always mean changing lenders?
No. Sometimes your existing lender may offer a competitive option or a restructure that better suits your circumstances. A review should consider the options available, including whether staying with your current lender may be appropriate.
What costs may apply when refinancing?
Refinancing costs can vary depending on your existing loan, new lender and proposed loan structure. Potential costs may include discharge fees, application or settlement fees, valuation costs, government registration charges and fixed-rate break costs where applicable.
We help you consider these costs alongside the potential benefits before deciding whether refinancing may be worthwhile.
START WITH CLARITY
Your home loan deserves a closer look.
Start with a complimentary Home Loan Health Check. We’ll review your current loan and help you understand whether staying with your lender or exploring other options may suit your circumstances.