Refinancing is usually done for a few reasons:
- a better rate
- accessing money to use for a car/holiday or
- equity to invest
Each purpose will be assessed differently by different banks and just because you’ve been with yours for a long time doesn’t mean they are still offering you the best rates or value you as a customer. In Australia there are now 34 different lenders each vying for your business and offering slightly different products.
At Loanmarket we have relationships with all of these lenders and know which one is offering you a deal.
We can advise you of all choices available to you and then manage the application from start to finish, saving you time and I don't charge for my services as I am paid by your selected lender.