Refinance

When you get a new loan to repay your old home loan, this is known as refinancing. It could be with your same lender or a different one. It could include consolidating other debts (e.g., credit cards or personal loans into the new loan) and, unlocking equity from your property.

It's no secret that banks often offer better rates to new customers. As a result, if your loan is 'old' you may be missing out on savings.

Most people refinance their loans to save money and/or unlock equity from their homes. Refinancing can reduce your repayments, which can include consolidating debts (e.g., high-interest credit cards or personal loans) to reduce interest payments overall. Plus, banks sometimes offer refinance cash backs and waive application fees.

If your last review was over 2 years ago, you may be paying too much. Your home loan shouldn't be 'set and forget'. With our support, it really is easy to review and find out if refinancing can benefit you.

Book an appointment to talk to our experts.  

In addition to reviews every 2 years, you should review when things change such as:

• You're offered a pay rise or new job
• You lose your job or reduce your hours
• You're growing your family or your children begin supporting themselves
• Your property values have changed
• Interest rates have changed
• Your fixed rate period has expired or will soon

Our process is quick and easy, while always ensuring you tap into our expertise and lender relationships to access better rates and make sure you get the right solution for your specific needs.

Start by talking to a Cinch Loans expert, who will listen to your needs and start exploring options with you.

You fill out our online form and get your docs ready.

We figure out how much equity you have, shop around lenders and discuss your options in more depth with you.

Once you're ready, we apply, and make the application to settlement process a breeze, including helping set up your new loan.

That's simple! Just book an appointment and talk to our experts.