Mortgage Refinance in Australia
Fight the Rate Rises and Find a Better Deal
through Mortgage Refinance
Welcome to Ynance, your trusted partner in helping you optimise your mortgage, save money and achieve your financial goals. Our mortgage refinance services are designed to allow you to beat the rate rises and find the best home loan deal in the current market.
Whether you’re looking to lower your interest rate, consolidate debt, access equity, or adjust your loan structure, our expert team of mortgage brokers is here to guide you through the process. Discover the benefits of refinancing your home loan with Ynance today.
Your FREE Home Loan Health Check
Could refinancing save you money? Is there a better deal out there for you?
We will review your current loan and tell you if you could save through our FREE Home Loan Check service.
Expert Mortgage Refinance Solutions
At Ynance, we specialise in providing expert mortgage refinance solutions for homeowners across Australia.
Refinancing your home loan offers several advantages, allowing you to take advantage of better loan terms, reduce interest payments, and achieve financial flexibility.
Our team of experienced mortgage broker will assess your current mortgage, understand your financial goals, and tailor a refinance solution that best suits your needs. Whether you’re seeking to refinance for a lower interest rate, access equity, or consolidate debt, we have the expertise to guide you through the process.
Benefits of working with Ynance as a first home buyer:
- We have a deep understanding of the Australian mortgage market.
- We have access to a wide range of lenders, so we can find the best deal for you.
- We’ll work with you to understand your financial situation and goals.
- We’ll be there to answer any questions you have along the way.
Why Choose Ynance for Your Mortgage Refinance
By choosing Ynance for your mortgage refinance, you gain access to a range of benefits that can positively impact your financial situation. Here’s why you should choose us:
Benefits of working with a Ynance Mortgage Broker
Lower interest rates
We leverage our extensive network of lenders to secure competitive interest rates, potentially saving you thousands of dollars over the life of your loan.
Expert advice and guidance
You receive expert guidance throughout the entire process. You will understand the different types of mortgages, interest rates, fees, and other important factors.
Save time and money
Your time is valuable! By allowing u to handle the negotiation and paperwork, liaise with lenders, and streamline the entire process, you will save you time and stress.
What makes Ynance different?
30+ lenders and 12,000 deals
With access to 30+ lenders and over 12,000 mortgage deals, we are more likely to find the best deal for you.
Streamlined Process
After helping many Australians refinance their home loan, we have an efficient and streamlined process.
We're local
Work with a mortgage broker that is familiar with the Australian lending conditions for an advantage.
Free Mortgage Review
We provide a free mortgage review where we go over your current mortgage deal. We compare against our panel of lenders and strategise the best home loan solution for you.
Is Refinancing Right for You?
Common Scenarios to Consider
Refinancing your home loan can be a strategic financial move in various situations.
Here are some common scenarios when you may consider refinancing:
Lower interest rates
If interest rates have significantly dropped since you obtained your mortgage, refinancing can help you take advantage of the lower rates and potentially save on interest payments.
Change in financial circumstances
If your financial situation has improved, refinancing can allow you to secure better loan terms, such as a lower interest rate or more favourable repayment options.
Consolidating debt
If you have high-interest debts, such as credit cards or personal loans, refinancing can provide an opportunity to consolidate them into a single, more manageable loan with a lower interest rate.
Accessing equity
If you need funds for renovations, investments, or other purposes, refinancing can allow you to tap into the equity you’ve built in your home.
Loan restructuring
Refinancing can be an option to adjust the structure of your loan, such as switching from a variable rate to a fixed rate, or vice versa, to better align with your financial goals and risk tolerance.
Need cash flow
Refinancing to a lower interest rate or extending your loan term can reduce your monthly mortgage repayments, freeing up cash flow for other expenses or investments.
Tailored Loan Solutions for Refinancing
Refinancing your mortgage is a significant financial decision, and having the guidance of a professional mortgage broker can make all the difference. At Ynance, our team of experienced mortgage brokers is dedicated to simplifying your refinance journey and ensuring you make informed decisions.
Here’s 6 reasons why working with a mortgage broker is advantageous:
1. Expertise and Market Knowledge
Our mortgage brokers possess in-depth knowledge of the mortgage market, including the latest trends, interest rates, and loan products. We stay updated with the ever-changing lending landscape, enabling us to provide you with tailored advice and identify the most competitive refinancing options available.
2. Access to a Wide Range of Lenders
As an independent mortgage broker, we have access to an extensive network of lenders, including major banks, credit unions, and non-bank lenders. This access allows us to explore a diverse range of loan options and negotiate favourable terms on your behalf. We’ll analyse your financial situation and match you with the lender that best aligns with your needs and objectives.
3. Tailored Solutions for Your Goals
Every homeowner’s financial situation and goals are unique. Our mortgage brokers take the time to understand your specific needs, whether it’s reducing interest payments, consolidating debt, or accessing equity. We then develop personalised refinancing strategies to help you achieve your goals while optimising your financial outcomes.
4. Streamlined Application Process
Navigating the paperwork and application process for refinancing can be overwhelming. Our mortgage brokers handle the entire process on your behalf, ensuring all necessary documentation is complete, accurate, and submitted in a timely manner. We streamline the application process, saving you time and reducing potential stress.
5. Professional Negotiation
Our mortgage brokers are skilled negotiators who can advocate for you when dealing with lenders. We negotiate with lenders to secure competitive interest rates, favourable loan terms, and potentially waive or reduce certain fees associated with refinancing. Our goal is to maximise the benefits you gain from refinancing.
6. Ongoing Support and Guidance
Our commitment to you extends beyond the refinancing process. We provide ongoing support and guidance throughout the life of your loan. Whether you have questions, need assistance with future financial decisions, or want to explore other mortgage opportunities, our team is always here to help.
By partnering with a trusted mortgage broker like Ynance, you can navigate the complexities of refinancing with confidence, knowing that you have a dedicated professional working in your best interest. Contact us today to begin your refinancing journey and experience the advantages of working with an expert mortgage broker.
Are you making another type of purchase or transaction?
Simplifying Your Mortgage Refinance Journey
Our Process
Initial Consultation
We begin with an initial consultation to understand your current mortgage, financial goals, and reasons for refinancing. We’ll assess your needs and provide expert advice on the most suitable refinance options for you.
Evaluation and Comparison
Our team will evaluate your existing mortgage and compare it with the available refinancing options in the market. We’ll consider factors such as interest rates, fees, loan features, and eligibility criteria to identify the best refinancing solution for you.
Application and Documentation
Once you’ve selected a refinancing option, we’ll assist you in preparing the necessary documentation and submitting the application. Our experienced mortgage brokers will ensure accuracy and completeness, maximising your chances of approval.
Loan Application
We’ll work diligently with the lenders provide all documentation to secure your loan approval in a timely manner for your refinancing.
Settlement
Our team will coordinate with relevant parties, such as solicitors and conveyancers, to ensure a seamless settlement and transfer of your mortgage.
Enjoy
Congratulations! Time to enjoy your new mortgage deal, the cash payout from equity or any other benefits from your refinance.
Complex Circumstances
We help all types of borrows in all kinds of markets.
At Ynance, we understand that every borrower’s financial situation is unique, and sometimes, circumstances can be complex. Whether you’re self-employed, have irregular income, or face credit challenges, we’re here to help. Our mortgage refinance solutions are designed to cater to borrowers with diverse backgrounds and navigate various market conditions.
Self-Employed Borrowers
Being self-employed comes with its own set of challenges when it comes to mortgage refinancing. Our experienced mortgage brokers have expertise in working with self-employed individuals and understand the complexities of documenting income. We can help you explore refinancing options that consider your business structure, income streams, and financial stability to find the right solution for your unique needs.
Irregular Income or Contract Workers
If you have irregular income due to contract work, freelancing, or seasonal employment, securing a refinance can be more challenging through traditional lending channels. Our mortgage brokers have access to lenders who offer flexible options for borrowers with irregular income. We’ll assess your situation and identify suitable loan products that take into account your specific income patterns.
Credit Challenges or Previous Financial Hardships
We believe that previous credit challenges or financial hardships shouldn’t be roadblocks to refinancing. Our mortgage brokers work with a wide range of lenders, including those who specialise in assisting borrowers with less-than-perfect credit histories. We’ll assess your circumstances, explore refinancing solutions tailored to your needs, and provide guidance on improving your credit standing over time.
Investment Properties or Multiple Mortgages
If you own investment properties or have multiple mortgages, refinancing can become more complex. Our team has extensive experience in working with borrowers who have diverse property portfolios. We’ll assess your investment strategy, explore refinancing options that align with your goals, and provide expert advice on optimising your property financing to maximise returns.
Changing Market Conditions
Markets can fluctuate, and economic conditions can impact interest rates and loan offerings. Our mortgage brokers stay up to date with market trends and have the expertise to navigate changing market conditions. We’ll monitor interest rate movements and advise you on the optimal timing for refinancing, ensuring that you secure the most competitive terms available.
No matter your circumstances, we believe that everyone deserves access to quality mortgage refinance solutions. Our dedicated team at Ynance is committed to understanding your unique borrowing situation, addressing your concerns, and tailoring our services to meet your specific needs. Contact us today to discuss your complex circumstances and discover how we can assist you in achieving your refinancing goals.
What our clients are saying...
Need help?
Frequently Asked Questions
Yes, refinancing may still be possible even if you have bad credit. While it can be more challenging, we have access to lenders who specialise in assisting borrowers with less-than-perfect credit histories. We can help assess your options and find suitable solutions tailored to your circumstances.
The amount you can save by refinancing your home loan depends on various factors, such as the current interest rates, the remaining term of your loan, and the specific terms of your new loan. Our mortgage brokers can provide you with a detailed analysis of potential savings based on your individual situation.
Refinancing may involve certain costs, such as loan establishment fees, discharge fees, and valuation fees. However, the potential savings and benefits of refinancing often outweigh these costs. We’ll provide you with a transparent breakdown of all associated fees and help you evaluate the overall financial impact of refinancing.
Yes, you can refinance your home loan even if you’re still within a fixed-rate period. However, there may be break costs or early termination fees associated with ending your fixed-rate loan prematurely. We’ll assess the financial implications and guide you through the decision-making process.
The refinancing process can vary depending on several factors, including the complexity of your financial situation and the responsiveness of the lenders involved. On average, it can take anywhere from a few weeks to a couple of months. Rest assured, our team will work efficiently to minimise any delays and keep you informed throughout the process.
In most cases, lenders require a property valuation as part of the refinancing process to determine the current market value of your property. This valuation helps them assess the loan-to-value ratio (LVR) and ensure that the property’s value aligns with the loan amount. We’ll guide you through the valuation process and provide any necessary assistance.
Let's Find Your A Better Mortgage Deal, Today!
Contact us today for a free mortgage review with an expert.
We offer no obligation advice on your specific circumstances and can review your current offer against others on the market. We can also calculate how much refinancing your property will (or won’t) save you so you can have peace of mind.
Call 0411 235 798 or fill out the form below.
We are a member of the Mortgage & Finance Association of Australia (MFAA).
