Refinancing your property
Thinking about refinancing we have you covered
What does it mean to Refinance
Refinancing is replacing your existing home loan with a new one and at Beluga Financial we help to see if we can find you better value, consolidate your debts or get flexible banking features
We work with you to understand what you need
Are you looking for a lower interest rate
Are you looking to reduce your current fees and want to leave your current loan
Do you need access to your equity for that renovation or even invest in a new property
We work with you to figure out which loan will provide you with the flexibility you need
Assess your current situation
At Beluga financial we work with you to understand why you are re-financing and what it is about your current loan that is not working for you
If your fixed rate term is coming to an end its a great time to explore your options
Are you looking to manage your everyday finances in one place
Are you looking for benefits of having all of your debts in one place
At Beluga Financial we help you understand your options as your financial needs and goals change. Our goal is to help save you time and money.
Choose your new home loan
Once you are clear on why you are refinancing its time to chose a home loan that suits your needs
At Beluga Financial we compare hundreds of loans to ensure we find the right mortgage solution for you. Because we take the time to understand your needs. Some of the options include.
We offer a number of home loan types and help you choose the one that has the right flexible features for your needs
Working out the costs of a new home loan
When working out if refinancing may be right for you, we help you figure out the costs of refinancing vs the long term benefits you could receive from your new home loan
There are 3 possible charges that could be involved and they include
Exit fees for leaving your current lender
Upfront fees for establishing your new loan
Once we work out your new fees we compare these against the savings and benefits with your new loan to ensure you are better off in the long term
Apply and Settle
Once we help you find the loan that best suits we help you apply and settle the loan
At Beluga Financial we’ll assess your income and home loan repayment history, as well as other financial commitments and may also complete a property valuation to work how how much your home is worth. If you application is approved you will receive a letter of offer and contract.
Once you have signed the contract, settlement occurs, your new home loan is used to pay off your current home loan. Once settlement is complete we will confirm when you need to start making payments on your new loan.
Making your loan work for you
We understand circumstance change and we help you manage your home loan as they do we can help you to
Change loan types
Change your repayments
Redraw additional payments
Help to finance your next property
At Beluga Financial we are not the banks we strive to ensure you can meet your financial goals if your circumstances change