With the finance and lending market ever-changing, our advice is never to remain in your loan product for the lifetime of your loan.
Home Loan Services
Refinancing an existing home loan
This type of finance is not for the set-and-forgetters. With the finance & lending market ever-changing, our advice is never to remain in your loan product for the lifetime of your loan.
At GA Finance we pride ourselves on ensuring that the product we help you select is the absolute best product for you at the time of applying, however unless anyone has a crystal ball, you can never tell what the future hold in 5, 10, or 20 years time.
Not just from a property perspective, but personally.
There are many reasons to consider a refinance and we are here to help you make the best decision.
How it works
Step #1 Figure out your reason for refinancing
Step #2 Comparing available options
Step #3 Selecting the right option
Step #4 Preparing the application
Step #5 Finalising and settlement
Why choose GA Finance for your next home loan
FINANCE IS CONFUSING - ASK AWAY!
Frequently asked questions
Generally, when refinancing you’ll need to present the following documents to your your new lender:
Recent payslips that document your income.
Your latest Tax Assessment Notice
A letter from your employer that confirms your salary
Forms of ID, like your passport or driver’s license
Financial and credit documents (such as credit card statements, evidence of your current mortgage and bank account statements)
Having all of these on hand will make the refinancing process quicker.
The usual refinancing process involves applying for a home loan, then your new lender make contact with your current one to arrange the final payout of the existing loan. The length of time this process will take can vary from lender to lender, but generally speaking, it will often take between two and four weeks.
You may be required to get property valuation done in order to refinance your existing loan. This is often done to ensure that the lender is comfortable with the value of the property before they provide a loan against it.
You shouldn’t have to be a
finance expert to get the best result.
We make the over-complicated seem easy, so you can walk away being the expert of your own finances.