Refinancing with a mortgage broker can help you get the right deal for your circumstance
At Aussie, our mission is simple. We want to make the process of refinancing your home loan as stress-free and straight forward as possible. So here’s an insight into how an Aussie Broker can you through the journey.
The first step to refinancing is to meet with your broker. Your first meeting — at your local store, your place, or anywhere else that suits you — will usually take about an hour.
During this meeting, your Aussie Broker will first take the time to get to know you and understand your property goals. To help you choose the right refinancing solution, your broker will show you how much you may be able to borrow and what your repayments might be.
To understand your borrowing capacity, you first need to know how much you can afford to repay each month.
To determine how much you can borrow, lenders will consider:
When you deduct all of these expenses from your take home pay, you’re looking for a figure that can cover your repayments and give you some room to move too.
Having this information on hand could be helpful for your Aussie Broker in finding the loan that is right for you and your circumstances.
You can also use our online Borrowing Power and Loan Repayments calculators to see how much you may be able to borrow and what your repayments may be.
Discover the documents and paperwork you’ll need when you decide to refinance your home loan.Read more
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