Refinance
SAVE MONEY ON YOUR HOME LOAN
Most people sit on the same loan for years. We'll tell you, straight, if there's a better one.
In 1991, Steve set up PFC with a simple idea. Most people who walked into a bank didn’t get a fair go. The deals were good for the bank. The advice came from whoever happened to be on the desk that day. And the moment you signed, the relationship ended.
PFC was built to be the opposite of that. One broker who knows your name. One face you see at every meeting. A relationship that doesn’t end at settlement.
Sound familiar?
Same lender for 3+ years and you've never checked your rate.
Repayments feel tighter than they used to. Something's gotta give.
Want to renovate, consolidate, or unlock equity without selling.
Your loan features stopped fitting how you actually live now.
What happens next.
A conversation
Tell us about your current loan and what you're hoping to change. Usually a 20-minute call.
We compare 30+ lenders
We bring back the best fit, with the actual numbers. If refinancing isn't worth it, we'll tell you.
We handle the switch
We prepare and lodge the application, manage the lender, and stay in touch through to settlement.
FAQS
The things buyers ask.
Is it time to refinance your mortgage loan? Here are the top reasons by homeowners in Brisbane usually find a new loan provider:
- Consolidate debt
- Home renovation
- Buy another property for rental business
- Buy a new car
- Find lower rates
- Switch from fixed rate to variable rate (vice versa)
Weight in the costs and benefits of refinancing your home loan before you make a decision. Think about the long-term effects of refinancing, not just the short-term advantages.
Refinancing is the process of applying for a new home loan to pay out for your current mortgage, usually with a different provider who can provide you with better deals such as lower interest rates or longer payment terms.
Mortgage refinancing is also known as loan switching because you are switching your current mortgage to a new one.
The process of mortgage refinancing is quite similar to the process of applying for a new mortgage.
You or your broker will start by looking around and comparing interest rates and other terms with available brokers to see which has the best offer.
If you are refinancing your mortgage in Brisbane, a broker's local experts can assist you in exploring the usually complex process and help you land a better deal.
Your mortgage broker from Brisbane can:
- Match you with Brisbane lenders that are willing to refinance your mortgage based on your credit profile
- Help you compare interest rates so you can take advantage of lower repayments
- Guide you through the mortgage refinancing process
- Advise you on how you can best refinance your home loan
While mortgage refinancing can help you save money, the unintended impact can affect your credit score.
Remember, refinancing will require you to close your mortgage account and open a new account. This activity may cause your rating to drop. But as you make repayments over time, your score should also improve.
During the mortgage application, your lenders may request credit checks, which are known as hard enquiries. These checks are usually reflected on your report and can impact your score.
Shopping around and shortlisting lenders will help in minimising the challenging enquiries.
Note that if refinancing is executed correctly, the effect is temporary, and your rating should recover shortly.
Moreover, you'll have a good chance of qualifying for more favourable terms if your credit score has improved since you were approved for your first mortgage.
When's the right time to refinance?
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NOT SURE WHICH ONE FITS?
Let’s have a chat.
Most people don’t know exactly what they need until they’ve talked it through. Start with a free conversation. We’ll work it out together, and tell you straight what suits.