Home Loan - Refinance


Refinancing involves replacing an existing loan with one of more favourable terms and/or to increase the amount borrowed. Not all lenders will accept more than one borrower where there is only one owner.


Opportunity to replace or increase an existing loan. If the amount borrowed is more than 80% of the value of the property, lenders may require Lenders’ Mortgage Insurance which essentially protects them in case of default. This will be an additional cost to the borrower. Borrowers can take advantage of current market offers such as lower interest, increase loan-to-value ratio and break-fees.


The loan is secured against the value of property being refinanced. This means, if the borrower defaults in their repayments and cannot repay the amount owing the lender may compel them to sell the property to settle the debt in full and call on any personal guarantees provided to support the loan.

Repayment terms

The borrower will be required to pay interest at a fixed or variable rate or a mix of the two on the principal outstanding and any agreed upfront, ongoing and exit charges


To be matched with a Refinance Loan bidder, just follow our anonymous Home Loans/Refinance listing process.