Refinancing Your Mortgage
We believe the path to financial freedom shouldn’t be a secret. If it feels like all your money is getting sucked up by mortgage repayments, we’ll be able to tell you where you can refinance or restructure your mortgage to get a better deal. We’ll also check your current mortgage and make sure that your repayments are helping you achieve your financial goals.
What is the difference between refinancing, refixing and restructuring my mortgage?
Refinancing your mortgage (aka remortgaging) is when you switch your home loan to a different bank. This decision is usually based on what another bank can offer you i.e. a better rate locked in for a longer-term, the ability to borrow more against your property etc. You can check out how much you could save by switching banks by using our mortgage repayments calculator.
Refixing your mortgage means you stay with the current bank lender your mortgage is with and make an agreement not to change the loan for a fixed amount of time. In return, the bank will fix the interest rate and repayments at a lower level.
Restructuring your mortgage can happen when you’re refinancing or when refixing your loans. First, we’ll review your current mortgage structure, and then suggest a new structure of the loans to make sure you’re paying the minimum interest on the loan and, in most cases, paying off the loan faster than the default number of years given by the bank. There are many different types of loan structures to consider. We can assist you in deciding what will be the best fit tailored to your personal circumstances.
Read about 04 Reasons to Refinance Your Mortgage.
Our Process
01
Set a Clear Goal or Outcome
Figure out what you’re wanting to change about your mortgage i.e. a lower interest rate, a shorter loan term etc.
02
Do Your Research
Check out the current terms and conditions of your loan and break fees (if applicable) to see whether refinancing is a viable option
Keep in mind, the savings you’ll get from implementing your Fast Track Mortgage Plan can easily be 100s of thousands more than the cost of your break fees, so don’t let break fees stop you.
03
Book a Free 15 Minute Mortgage Chat with Futurebound
We will talk through your reasons for refinancing, your financial situation etc. to ensure we’re on the same page to begin to set a narrative with the banks.
04
Negotiations and Confirmation
We’ll compare the rates and fees of several different lenders to ensure you get the very best outcome and to confirm whether the bank can meet your expectations.
05
Submission
Once confirmed, the paperwork to switch banks will be filed and submitted. An appraisal of your home will also be completed at this stage.
06
Final Stages
Your new home loan will be finalised and your new mortgage repayments will be set up and ready to go.
Needing Help With Your Existing Mortgage?
Whether you’re looking to refinance, top up your mortgage, or refix your mortgage, you can be sure you’ll get the right support. We’ll dive deeper into your financial situation and you’ll receive a customised plan and strategy to ensure you’re on track to achieving mortgage and financial freedom.
Why Work With Futurebound?
Years of Expertise
We have 50+ years of combined experience and expertise within the Mortgage Advisory and Financial Coaching space, so you can ensure you’re in safe hands.
Award-winning Team
We’re an award-winning team, and are proud as punch about it! To view our awards we’ve received over the time we’ve been in business, check out our testimonials page.
Thought Leader
We are someone with trusted opinions within the mortgage and financial space. To view the publications we’ve been featured in, check out our testimonials page.
Tips
We educate so we can fill your knowledge gaps around financial concepts and information as we know it wasn’t learnt in school, your parents didn’t teach you, and the banks won’t tell you.
Tools
You’ll always get the right tools so you can implement quickly and apply what you’ve learned to your own situation as soon as possible
Support
We provide coaching and accountability to ensure you’re on the right track and that you don’t make any costly mistakes on your journey.
What Our Clients Say
Don’t take our word for it. Here’s what our clients say:
5 Star Rating On:
