Why pay more than you have too?
When was the last time you got a call from your bank telling you they are dropping your interest rate?
The truth is that most of us just "set and forget" our home loan and don't realise that refinancing could save you thousands.
As time marches on, situations change. Perhaps your borrowing power has increased, your loan has reduced, or your property value has grown. Maybe you want additional funds for that new bathroom or kitchen or maybe you just want a lower rate or different loan features.
A shift in circumstances may mean it's time to revisit your home finances. For many, the idea of refinancing a mortgage can be daunting, but it doesn't have to be with the help of a Zuu Money Finance Specialist.
By refinancing your loan not only can you save thousands in interest, but you might pay off your mortgage faster, refinance debt, or renovate to your home. See how much you can save by getting started online today.
Save over $6,400 per year* on the average Australian mortgage.
Simply by refinancing your home loan to a more competitive lender
*Savings amount based on 1% rate reduction for the average Australian mortgage $640,998 (ABS July 2024)
The choice is yours!
We'll compare your loan against hundreds of home loan offers in the market to ensure you're getting the best deal. We'll provide you with a shortlist of suitable loans to meet your budget and lending requirements all from the comfort of your home.
We make refinancing your home loan simple! Start savings by getting started online or talk to one of our home loan experts.
STILL GOT QUESTIONS? WE GOT YOU!
Frequently asked questions
Can I get a mortgage where I pay less than I’m paying now?
In most cases we are able to refinance our customers to cheaper home loans, savings you thousands. It will depend on what interest rate you’re currently paying, what type of home loan you have (e.g. fixed, variable, interest only, line of credit), and what features you want in your loan. Contact us today and we can tell you about the latest offers over the phone.
Can I consolidate credit card or other debts into a home loan?
This is one of the big reasons people refinance. The advantage is that you pay a much lower interest rate on a mortgage than for most other forms of debt – e.g. credit cards, overdraft facilities, personal loans, etc. Providing you have sufficient equity in your property, you may be able to consolidate all your debt into your home loan. If you take this option though it is important to make sure you maintain your repayments of the consolidated debt at their current level, or you could easily end up paying more in the long run. Speak with us today to discuss your individual needs.
How much money can I borrow?
We’re all unique when it comes to our finances and borrowing needs. Get an estimate on how much you may be able to borrow (subject to satisfying legal and lender requirements) with our clever borrowing capacity calculator. Chat with us when you’re ready, we can help with calculations based on your circumstances.
How do I choose a loan that’s right for me?
Our guides to different loan types will help you learn about the different loan options in the market. Contact us today and we can explain how these different loan types will benefit you.
How often do I make home loan repayments — weekly, fortnightly or monthly?
Most lenders offer flexible repayment options to suit your pay cycle. Aim for weekly or fortnightly repayments, instead of monthly, as you will make more payments in a year, which will shave dollars and time off your loan.
What fees/costs should I budget for?
Depending on your loan, penalty fees could apply if you’re paying off your current mortgage early. But these may be offset by repayment savings when you switch home loans. We’ll walk you through any fees that could apply to your circumstances.
Ready to get started?
Getting your next home loan has never been easier. Our online application system makes applying easy and our Finance Specialist are available to you online or over the phone whenever you need us. Get started below or contact our expert team with your enquiry.
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Zuu Money Pty Ltd ABN 66 670 119 105, Australian Credit Licence Number 567690
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