Welcome to Flint š We're here to help you refinance your loan!
Simplify your finances, lower your repayments, and unlock your homeās potential with a loan that fits your lifestyle.
ZeroĀ obligation,Ā FreeĀ consultation
OUR LENDERS
Flint is an award-winning, independent brokerage that has helped thousands of Australians refinance and save.
- š Best Residential Broker Australia 2021 - 2024
- š Australian Broker of the Year 2021 - 2023
- š Leading Finance Brokerage 2024
ZeroĀ obligation,Ā FreeĀ consultationĀ
Here's the 5 things you can achieve by refinancing your loan.
1
Consolidate other debt
Improve cash flow
Combine your debts into one loan to reduce monthly repayments and simplify your finances.
2
Lower your interest rate
Save money
Refinancing to a lower rate could save you thousands over the life of your loan.
3
Release equity
Fund a reno or purchase
Use your homeās equity to finance renovations or fund major purchases without extra loans.
4
Switch to a flexible loan
Fit your lifestyle
Find loan features that better suit your needs, like offset accounts or extra repayment options.
5
Better service & features
Get more from your loan
Switch lenders for better service and features that make managing your mortgage easier.
Let's optimise your loan for maximum impact
Our team specialises in drawing out equity and securing loans that offer the best terms for your financial plansābe it renovating, consolidating debts, taking a dream holiday, or helping your kids buy their first home.Ā
- Maximise Cash-Out: Leverage your home equity for renovations, significant purchases, or providing family support.Ā
- Best Bank Valuations: We find lenders who will value your property favourably, boosting your borrowing capacity.
- Tailored Loan Options:Ā Whether you need a line of credit, a top-up on your existing mortgage, or a construction loan, we guide you to the right product for your needs.Ā
ZeroĀ obligation,Ā FreeĀ consultation
Complete your 60-second assessment with our not-so-standard calculator
Our calculator uses real-time rates and policies from over 15 lenders to give you an accurate estimate of your borrowing power and the potential costs of your loan in 60 seconds.
Don't let financial constraints limit your potential
Get the funds you need with strategic loan options tailored to your specific goals. Refinancing can improve your cash flow, reduce stress, and allow you to pursue your dreams.Ā
ZeroĀ obligation,Ā FreeĀ consultation
We've saved our clients thousands.
Letās see if we can do the same for you.
Whether it’s small updates, major overhauls, consolidating debts, or funding life’s big moments, our experts ensure you get the financing you need without overextending financially.Ā
Frequently Asked Questions
Why should I refinance my home loan?
There are several reasons to consider refinancing your home loan:Ā
- Secure a lower interest rate and reduce your monthly repayments.
- Unlock equity for an investment property, renovations, building projects, or other financial goals.
- Consolidate high-interest debts, such as credit cards or personal loans, into one manageable home loan.
- Protect your home if youāre behind on mortgage repayments.
- Transition from a specialist lender to a major lender once youāve resolved any credit issues.
- Take advantage of potential tax benefits.
- Switch to a home loan that allows you to pay off your mortgage faster.
- Refinance to support business growth.
- For more information, check out our page on the benefits of refinancing.
What is refinancing?
Refinancing involves taking out a new loan to pay off your existing home loan. You can do this with your current lender or switch to a new one. Itās a good idea to review your current loan before refinancing, especially if youāre aiming for a lower interest rate. Many banks now offer cashback incentives and waive application fees for those who refinance, making it an appealing option.
How much equity is needed to refinance?
Generally, youāll need at least 20% equity in your home to refinance. Most lenders will allow you to borrow up to 80% of your propertyās value under a standard mortgage, so many homeowners have enough equity to refinance. Some lenders may allow borrowing up to 95% of the propertyās value if youāre willing to pay Lenders Mortgage Insurance (LMI) or if you have an excellent credit score. If your equity is below 20%, refinancing is still possible, but you may need to factor in LMI costs.āØ
Are you eligible to refinance?āØ
- Your loan is less than 80% of your propertyās value: Ideally, your mortgage should be under 80% of the propertyās value to avoid LMI, which can save you thousands.
- Youāre on a variable rate: Refinancing is usually more straightforward with variable-rate loans, as they offer greater flexibility and help you avoid exit fees associated with fixed-rate loans.
- You can refinance out of a bad-credit loan: If your Loan-To-Value Ratio (LVR) is 80% or less and your credit file is clear of defaults, you may be able to switch from a bad-credit loan to a major lender.
- You can refinance from a low-doc to a full-doc loan: If you initially had a low-doc loan but now have full income documentation, you may qualify for a standard home loan at a more competitive interest rate.
What are the costs involved in refinancing?
The costs of refinancing can vary but typically range from $900 to $3,500. These costs may include discharge fees, break fees (if youāre on a fixed-rate loan), application fees, valuation fees, and title search fees. It’s important to factor in these costs when considering whether refinancing will save you money in the long run.
If you have any additional questions, you can send or email us at hello@flintgroup.au
Why should I refinance my home loan?
There are several reasons to consider refinancing your home loan:Ā
- Secure a lower interest rate and reduce your monthly repayments.
- Unlock equity for an investment property, renovations, building projects, or other financial goals.
- Consolidate high-interest debts, such as credit cards or personal loans, into one manageable home loan.
- Protect your home if youāre behind on mortgage repayments.
- Transition from a specialist lender to a major lender once youāve resolved any credit issues.
- Take advantage of potential tax benefits.
- Switch to a home loan that allows you to pay off your mortgage faster.
- Refinance to support business growth.
- For more information, check out our page on the benefits of refinancing.
What is refinancing?
Refinancing involves taking out a new loan to pay off your existing home loan. You can do this with your current lender or switch to a new one. Itās a good idea to review your current loan before refinancing, especially if youāre aiming for a lower interest rate. Many banks now offer cashback incentives and waive application fees for those who refinance, making it an appealing option.
How much equity is needed to refinance?
Generally, youāll need at least 20% equity in your home to refinance. Most lenders will allow you to borrow up to 80% of your propertyās value under a standard mortgage, so many homeowners have enough equity to refinance. Some lenders may allow borrowing up to 95% of the propertyās value if youāre willing to pay Lenders Mortgage Insurance (LMI) or if you have an excellent credit score. If your equity is below 20%, refinancing is still possible, but you may need to factor in LMI costs.āØ
Are you eligible to refinance?āØ
- Your loan is less than 80% of your propertyās value: Ideally, your mortgage should be under 80% of the propertyās value to avoid LMI, which can save you thousands.
- Youāre on a variable rate: Refinancing is usually more straightforward with variable-rate loans, as they offer greater flexibility and help you avoid exit fees associated with fixed-rate loans.
- You can refinance out of a bad-credit loan: If your Loan-To-Value Ratio (LVR) is 80% or less and your credit file is clear of defaults, you may be able to switch from a bad-credit loan to a major lender.
- You can refinance from a low-doc to a full-doc loan: If you initially had a low-doc loan but now have full income documentation, you may qualify for a standard home loan at a more competitive interest rate.
What are the costs involved in refinancing?
The costs of refinancing can vary but typically range from $900 to $3,500. These costs may include discharge fees, break fees (if youāre on a fixed-rate loan), application fees, valuation fees, and title search fees. It’s important to factor in these costs when considering whether refinancing will save you money in the long run.
