The first step to refinancing is understanding your needs. Then you can identify which
home loans are best suited to your financial goals.
Easily Refinance Home Loans
The first step to refinancing is understanding your needs. Then you can identify which
home loans are best suited to your financial goals.
A lower interest rate can help reduce your monthly repayments and free up cash flow each month. See how you can pay less on your home loan.
After refinancing, the monthly repayment will be lower. This will free some income capacity and could be count for further saving for life or purchase an investment property.
Most lenders do not have any application fee when you bring your established loan to them. As this know, you can maintain the loan so you can do it in the future.
Depending on the SLA of any lender, refinance is the quietest one to go through. Typically, refinance is known as a low-risk product.
Combining debts like credit cards, personal loans, or car loans into your home loan can reduce the total amount of interest you pay.
A Clear and straightforward path to financial freedom. Brighter future and generous saving
Sorted all the files and filled the application. 48hs pre-approval.
Different products got a distinct edge. Understand and choose.
Get the loan contact to verify and sign, leave the rest to us.
We will guarantee to save on your mortgage by choosing the right product for you.
There are several ways you can shave years off your loan and be debt-free sooner. Find out how much you could save.
We have a variety of lenders and hundreds of products. Our expert will calculate the best deal for you.
You will find the product that you do not have to pay any monthly or yearly recurring fee ever.
I was paying a lot more on my two mortgages also needed a construction loan. My construction was due at the same time. I had contacted The Rapid Team to help me out with my finance. They not only have settled all three loans but also organise the best investment rate in the current market with a big bank. I am saving a lot of money as my repayments are significantly less than they used to be. So far all the progress payments are coming out step by step without any delay.
I am extremely happy with their services, response timing and professionalism, highly recommend it to everyone. I felt like I am in the control sit of my finance process as I had been informed in every step of the loan process. Thank you very much for the help you guys provided me.
Refinancing your home loan to a lower interest rate can be a smart financial move that could save you thousands of dollars in the long run. With a lower interest rate, your monthly repayments can decrease, and you may be able to make extra repayments, which can help you pay off your loan faster.
At Rapid Lodgements, we understand the importance of finding the best interest rates for our clients. We offer a range of home loan refinancing options to suit your needs, and our experienced Home Loan Specialists can help guide you through the process.
With our online refinancing service, you can access a variety of options at your convenience, and our specialists are always available to provide free expert advice to help you make an informed decision.
Refinancing your home loan can also provide an opportunity to access additional funds for other purposes, such as renovations, investments or debt consolidation. By refinancing, you can increase your loan amount and take advantage of your home’s equity. This can be a more affordable option than taking out a separate personal loan or credit card.
At Rapid Lodgements, we have a team of experts who can help you navigate the refinancing process and find the best solution for your needs. Our online refinancing application is simple and easy to use, so you can start the process from the comfort of your own home. Don’t hesitate to reach out to one of our Home Loan Specialists for free expert advice on refinancing your home loan.
Utilizing features like redraw facilities and offset accounts can greatly help in paying off your home loan faster. A redraw facility enables you to access any extra repayments you’ve made towards your loan, reducing the interest charged. However, redrawing the money may incur fees and delays. On the other hand, an offset account, which is a savings account linked to your home loan, can also help reduce the interest you pay. The more money you have in your offset account, the more you can save on interest. For instance, if you have $30,000 in your offset account and owe $200,000 on your home loan, interest is calculated only on $170,000.
While you can use the funds in your offset account for expenses, it does not reduce your loan balance, but instead compensates it so that you pay less interest. The main difference between a redraw facility and an offset account is that you can access your money more easily with a redraw facility, but it may come with fees and delays. In contrast, an offset account does not reduce your loan balance, but compensates it. Keep in mind that these features may not be available with fixed-rate loans and may only be eligible with a variable interest rate loan. At Rapid Lodgements, we can help you determine which loan features would work best for your financial goals.
One of the easiest ways to pay off your home loan faster is to make additional repayments whenever possible. Whether you’ve received a tax refund, work bonus or unexpected windfall, putting that extra money towards your loan can make a significant impact on your repayment term.
It’s important to check whether your home loan comes with any restrictions or penalties for making additional repayments, particularly if you have a fixed interest rate loan. Variable interest rate loans offer more flexibility, allowing uncapped additional repayments. If you want to access your extra savings, consider putting them into an offset account or using a redraw facility, which allows you to access your additional repayments. Speak to one of our Home Loan Specialists for free expert advice on how you can pay off your home loan faster.
Paying your home loan repayments fortnightly or weekly instead of monthly can be an easy way to pay off your loan faster. By doing so, you’ll be making an extra month’s payment per year, which can lead to significant savings on interest.
While most lenders default to a monthly repayment schedule, you can typically request to switch to a fortnightly or weekly schedule. It’s important to check with your lender to understand the options available to you and any associated fees.
At Rapid Lodgements, our Home Loan Specialists can help you explore different repayment schedules and find a solution that suits your needs. Contact us today to learn more.
It’s important to note that with an interest-only loan, you’re not paying down your loan balance, meaning you won’t be paying off your loan. While interest-only loans can be attractive for property investors due to tax benefits, they can ultimately delay how quickly you can pay off your loan. As an owner-occupier, it’s best to pay both the principal (loan amount) and interest to pay off your loan faster.
