Refinancing
Is your home loan still working for you?
We can do a home-loan ‘health check’ to see if it’s worth refinancing.
Your Finance Brokers for life
Getting you a home or investment loan is where we start, making sure you’re always in the right loan is what we continue to do.
The beauty of working with us is that our service doesn’t stop once your loan has settled. Think of us as your brokers for life; to assist you with every financial milestone and to always ensure you loans are right for you. Whether this means renegotiating a lower interest rate with your current bank, or looking to potential refinance your loans if there are better deals out there for you!
What you can expect from us as your Brokers for life
Revisiting your goals, whether it’s upgrading, downsizing, renovating, or expanding your investment properties
Conducting a full review of your loan and compare your current situation with the latest offers on the market that are available to you
Review and evaluate your interest rate with your existing lender
Offering you an updated property report, so you can understand its estimated value
If there is a better option that you qualify for, we will let you know how the change could benefit you. If you decide to make the switch to another bank, this is called a refinance.
We have access to more than 60 lenders including major banks, second tier & private lenders
So rest assured, we will find you the options that best suit your needs. Sometimes that means we renegotiate with your existing lender to give you a better (lower) rate, and other times, it means comparing options from other lenders which may be more suited.
Each lender has different application requirements, ever changing policy and risk appetites, so it pays to work with an experienced mortgage broker to find the right fit.
EXCELLENTTrustindex verifies that the original source of the review is Google. I would highly recommend Ron Terrazas as a broker. Throughout the entire process, both my partner and I received outstanding support, clear guidance, and continuous assistance at every stage of our decision-making. Ron demonstrated a high level of professionalism, expertise, and dedication, explaining each step clearly and ensuring we felt confident and well-informed at all times. His availability was exceptional—he was always willing to help, even outside standard business hours, and despite the time difference between Australia and Chile, he consistently responded promptly and with a positive, supportive attitude. His commitment, approachability, and genuine care for his clients truly set him apart. Working with Ron made a complex process smooth and stress-free. I would confidently recommend him to anyone seeking a reliable and dedicated broker, and I would gladly work with him again in the future.
Owner's reply
Thank you for taking the time to leave such a thoughtful review Pedro! We’re so happy to hear you felt supported and confident throughout the process. Ron puts a lot of care into making sure every client is well informed and looked after. Wishing you all the very best with your new home and look forward to working with you again in future!Posted onTrustindex verifies that the original source of the review is Google. The first time I contacted Terry I was immediately blown away by his enthusiasm, knowledge and empathy. Going into the process while navigating a difficult situation was made so much better by having Terry's expertise, guidance, clarity and unwavering positivity. Terry and his team are experts, they have an impeccable process and communicate effectively giving you confidence, clarity and comfort. I have a mortgage broker for life.
Owner's reply
Adriana, thank you so much - it was a pleasure working with you! We really appreciate your trust and kind words and look forward to helping you in the future. Congratulations again! 🥂🏡Posted onTrustindex verifies that the original source of the review is Google. Terry has been great in helping us choose the right loan for our first home purchase, as well as supporting us throughout the loan application process. He has also offered different options to align your loan with our risk profile and repayments, making the process smooth, simple and clear. He will be definitely involved in our next purchase. Thanks Terry for all of your support
Owner's reply
Thanks Gabe! Congratulations again on the purchase of your first home 🏡 It was a pleasure assisting you and Jemma with your home loan finance. All the best and we look forward to working with you again soon.Posted onTrustindex verifies that the original source of the review is Google. The team at Achievement Finance are great people, easy to communicate with and offer great financial services.
Owner's reply
Thank you so much Bianca! Appreciate your lovely review.Posted onTrustindex verifies that the original source of the review is Google. Can’t thank Terry and the team at Achievement Finance enough. They are great at what they do, professional, responsive, and incredibly helpful throughout the entire process. Everything was explained clearly and made easy from start to finish. Highly recommend.
Owner's reply
Thank you so much Bec. It's been fantastic assisting you with your home loan. Wishing you all the best with your renovations and we hope you have a very Merry Christmas!Posted onTrustindex verifies that the original source of the review is Google. me and my partner were very nervous about the whole process of looking into buying our first home. Terry, Luke and the Team at Achievement Finance helped us so much and understanding everything no matter how many questions we had. They made the whole process run smoothly without us having to stress over anything! we couldn't recommend Terry and the Team more, they were amazing!!
Owner's reply
It was our pleasure, Holly! We're so happy for you and Cain as you start this exciting new chapter of home ownership 🏡 Have a lovely Christmas & New Year and we look forward to working with you again soon.Posted onTrustindex verifies that the original source of the review is Google. I had a great experience organising my home loan with Achievement Finance. Terry explained everything really clearly, recommended the best options to suit my needs and kept me updated the whole way through. Thank you for making the process simple and stress free 😄
Owner's reply
Thanks Chiara for your kind words 😄 We are so happy we were able to assist you with your home loan refinance and equity release. All the best with the upcoming renovations!Posted onTrustindex verifies that the original source of the review is Google. Everyone at Achievement Finance has been a great support in helping with our financial goals. Their team is professional, approachable, and always willing to explain things clearly, which made the whole process feel straightforward and stress free. I really appreciated the personalized approach; they took the time to understand my situation and offered solutions that actually fit my needs. Overall, I found them reliable and transparent. I’d happily recommend Achievement Finance to anyone looking for trustworthy financial guidance
Owner's reply
Thanks for such a lovely review Naomi! It was a pleasure assisting you. All the best with your home renovations 😀Posted onTrustindex verifies that the original source of the review is Google. I recently worked with Terry and the team at Achievement Finance when purchasing my first home in Perth and I couldn’t be happier with their service. From day one they offered clear advice on first-home buyer loans and helped me understand how much I could borrow and the incentives available in WA. They negotiated with multiple lenders on my behalf to make sure I got the best rates and made the paperwork for the loan application simple and kept me updated at every step. Making sure I got the best rates and the lowest fees. During settlement they provided guidance in conversation with settlement agents and the bank. They also assisted in setting up my accounts to maximise efficiency and guided me on how to best manage my finances to make the process as smooth as possible. Thanks to their guidance I secured finance much sooner than expected and felt confident throughout the process. If you’re a first-home buyer in the Perth area looking for a trustworthy mortgage broker, I highly recommend Achievement Finance.
Owner's reply
Couldn't wipe the smiles off our faces with this one! Thanks Matt - appreciate you taking the time to leave such a lovely review. It's been a pleasure helping you secure finance for your new investment property 🥳🏡Posted onTrustindex verifies that the original source of the review is Google. Your hard work allowed us to secure our dream block of land in our dream suburb. From start to finish, we felt as if we were in the best hands. Much love & respect to Terry & the entire team. 🙌
Owner's reply
Thanks so much Dan! Over the moon for you both and we can’t wait to see the amazing family home you build 🏡🛠️
Questions?
We have answers.
Refinancing involves replacing your existing mortgage with a new one, typically to obtain better terms or lower interest rates. It works by paying off your current mortgage with the proceeds from a new loan. This new loan usually comes from a different lender.
You might consider refinancing your mortgage when interest rates have dropped since you took out your original loan, or when your financial situation has improved, enabling you to qualify for better terms. Additionally, refinancing may be beneficial if you want to change your loan term, switch from a variable to a fixed rate, or access equity for other financial goals.
As a general rule, you should review your mortgage every 18-24 months to assess whether it’s still right for you.
Refinancing offers several potential benefits, including the possibility of obtaining a lower interest rate, reducing monthly payments, changing the loan term to pay off your mortgage faster or spread payments out over a longer period, accessing equity for home improvements or other purposes, consolidating debt, or switching from a variable to a fixed-rate mortgage for stability.
Yes, refinancing can often allow you to obtain a lower interest rate, especially if market rates have decreased since you took out your original mortgage. By securing a lower rate, you may be able to reduce your monthly payments and save money over the life of the loan.
Yes, refinancing typically involves closing costs, which can include application fees, origination fees, appraisal fees, title search and insurance, and other expenses. To determine if refinancing is worth it, consider the potential savings from obtaining a lower interest rate or changing your loan term, weighed against the upfront costs of refinancing. Your mortgage broker can help you assess the financial impact.
$0. Our services come at no cost to you – This is because we are paid a commission by the bank of your choice once your loan has settled. This means you benefit from our expertise and support without an additional out-of-pocket expense.
In the (very) rare event that a fee-for-service is required, we will notify you upfront.
The refinancing process usually takes anywhere from 30 to 45 days, but this can vary depending on factors such as the complexity of your financial situation, the lender’s application processing times, and the efficiency of your documentation submission. Working with an experienced mortgage broker can help streamline the process.
Yes, refinancing allows you to switch from a variable-rate to a fixed-rate mortgage, or vice versa. This can provide stability if you’re concerned about interest rate fluctuations or if you want to take advantage of potentially lower rates with a variable-rate mortgage.
Refinancing may still be possible if you’ve had financial difficulties or missed payments in the past, but it could be more challenging. Lenders will assess your credit history, income stability, and overall financial health when considering your application. Working with a mortgage broker can help you explore options and find lenders willing to work with your specific situation.
Yes, you can refinance an investment property, but the process and requirements may differ slightly from refinancing a primary residence. Lenders may have stricter eligibility criteria and interest rates for investment property refinancing. Working with a mortgage broker experienced in investment property financing can help you navigate the process.
Refinancing can affect the remaining term of your loan depending on the new loan term you choose. For example, if you refinance into a new 30-year mortgage after having paid off 10 years of your original loan, you’ll restart the clock with a new 30-year term. However, refinancing into a shorter loan term can help you pay off your mortgage faster.
Thinking about refinancing?
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