Sydney
Refinancing in Sydney
If your Sydney home loan hasn’t had a proper review for a while, it may be time to look at the whole picture. Blake can help you compare your current loan with potential alternatives, including the cost of switching.
Review your Sydney home loan with context
A home’s value and a household’s circumstances can change over time. Before comparing another lender’s rate, review your current balance, remaining term, repayment type and features. A property value estimate is not a lender valuation or a guarantee of accessible equity.
Compare costs on the same basis
Use the same loan balance and remaining term when comparing repayments. Include discharge, application and registration costs, ongoing fees and any fixed-rate break costs. A longer term can lower repayments while increasing the total interest paid.
Think about the features you use
For some borrowers, an offset account, extra repayment flexibility or a simpler loan structure matters as much as the headline rate. Check any additional cost for those features and whether they support the way you actually manage your money.
Refinancing an apartment?
The lender may consider property type, size, location, building characteristics and its own exposure limits. Your income, commitments and current circumstances will also be assessed. A refinance application is not just a transfer of the old approval.
Start with a no-pressure review
Have your approximate loan balance, current rate and remaining term ready. Blake can help you compare potential options, including asking your existing lender about pricing. Savings are not guaranteed and any new loan remains subject to lender assessment and approval.