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. Terry, Luke and the team at Achievement Finance have been a fantastic help so far with getting a good loan deal for my partner and I. Terry is very responsive to all our questions (at all hours!) and makes sure to follow up everything we need in a timely manner. We would highly recommend Terry to anyone looking to purchase their first home! - Charlotte & Matt
Owner's reply
Thanks for your kind review Charlotte! It's been a pleasure assisting you and Matt during this exciting time. Wishing you all the best with this new chapter 🏡Trustindex verifies that the original source of the review is Google. We’ve dealt with Terry multiple times over the years and he’s been amazing. After helping us purchase our house, refinance and get us setup to buy an investment property, I 100% recommend Achievement Finance
Owner's reply
Thanks Damien, really appreciate the kind words! It’s always a pleasure working with you and Hannah. Wishing you both all the best with this exciting new chapter.Trustindex verifies that the original source of the review is Google. Terry and the team at Achievement Finance made the whole process so easy and straightforward. I couldn't recommend them enough!
Owner's reply
Thanks Lucy! It’s been a pleasure helping you buy your first home. Not long now until the big day 🔑🏠Trustindex verifies that the original source of the review is Google. Terry and the team were able to answer all our questions and did a fantastic job of guiding us through the process of buying our first home. Thanks!
Owner's reply
Thanks Jordan! It's been a pleasure assisting you with this exciting milestone 🏠🥳Trustindex verifies that the original source of the review is Google. I Highly recommend Terry at Achievement Finance, Terry has always had my best interest in mind along with a super professional service and experience delivered on every engagement. Always taking time to answer any of my questions and give me a thorough explanation of what we are looking to achieve. Thanks again Team keep the great work up 👍
Owner's reply
Thanks Luke, happy to have assisted you with your recent refinance!Trustindex verifies that the original source of the review is Google. Terry and his team have helped me over the last 4 years. They’re extremely knowledgeable and always kept me up to date on the processing stages. They provide great advice, explaining all the available options in the current market. A great and friendly team !
Owner's reply
Thank you Tiahna 😃 We've loved assisting you over the years with all of your financial milestones.Trustindex verifies that the original source of the review is Google. My husband and I came across Achievement Finance while searching for a local mortgage broker. After seeing all the positive reviews, we reached out to Terry, and from our very first meeting, we knew we were in great hands. Terry and his team guided us through the entire process with efficiency, professionalism, and warmth, making what could have been a stressful journey feel seamless and straightforward. We couldn’t be more grateful for their support and highly recommend their services. Thank you, Terry and the Achievement Finance team!
Owner's reply
Binita, thank you for such a lovely review! It's been our pleasure assisting you and Anand with your journey into home ownership. We are wishing you all the best as you enter this exciting new chapter, and we're always here to assist you in the future. Congratulations again! 🏠Trustindex verifies that the original source of the review is Google. Terry and the team were super helpful. Made me understand the stuff I didn’t and made me feel really comfortable about a really important time in my life.
Owner's reply
Thanks Matt. Today's the big day 🔑🏠🎉 Congrats again and hope the move goes smoothly!Trustindex verifies that the original source of the review is Google. Achievement Finance were nothing less than brilliant as they assisted with our mortgage. Terry provided all the advice, support and knowledge we could have asked for and was incredibly personable throughout. We felt confident making decisions with Terry’s guidance and we will be 100% reaching out in the future when necessary.
Owner's reply
Thanks Andrew for the lovely review! Very happy to have assisted yourself and Georgie to get your interest rate reduced - and more importantly, to save you some $$! We look forward to helping you again in the future 😁
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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