SK Finance and Home Loans
Refinancing
Things change. Your home loan may need to change with them. We can help you understand whether refinancing could suit your current situation.
About this service
Finance guidance built around your circumstances.
Your current home loan may no longer suit your needs. We can help you review your loan and explore refinancing options.
Every borrowing situation is different. Your income, financial position, goals, property and the lender's assessment criteria can all affect the options available to you.
Our role is to help you understand the finance process, discuss your requirements and explore lending options that may be suitable for your circumstances.
Who this may be for
This service may be relevant to customers in situations such as:
- Homeowners considering a different lender.
- Borrowers reviewing their current interest rate.
- People looking for different loan features.
- Borrowers considering debt consolidation.
How we can help
Depending on your circumstances, we can help you understand areas such as:
- Reviewing your current loan.
- Comparing refinancing options.
- Understanding different loan features.
- Looking at repayment structures.
- Understanding refinancing costs.
- Helping with the application process.
Things to consider
Your circumstances matter.
When assessing a lending option, there are several factors that may need to be considered. The exact requirements depend on the lender and your individual circumstances.
Your current interest rate.
Your remaining loan balance.
Your property value.
Any fees or break costs.
Your current income and financial position.
The overall cost of changing loans.
Why work with us
A simpler way to approach your finance.
We focus on clear conversations, practical guidance and helping you understand your lending options.
A review of your current lending position.
Access to alternative lending options.
Help comparing loan features.
Support through the refinancing process.
Our process
From conversation to next steps.
The exact process can vary depending on your circumstances, lender and finance requirements. Generally, the journey can look like this.
Review your current loan
We look at your current loan, rate, balance and features and discuss what you would like to change.
Look at your situation
We review your current income, expenses and financial commitments.
Compare options
We explore refinancing options available through our lender panel.
Consider the costs
We look at the proposed loan and relevant costs so you can understand the overall position.
Apply
If you decide to proceed, we help prepare and submit the application.
Complete the refinance
Subject to approval, the new loan progresses towards settlement.
Getting prepared
Documents you may need.
The documents required will depend on your circumstances and the lender. These are examples of information that may be requested.
Current home loan statement.
Identification.
Recent income evidence.
Bank statements.
Details of existing debts.
Property information, where required.
Frequently asked questions
Questions about refinancing?
Why do people refinance?+
People refinance for different reasons, including reviewing their interest rate, changing loan features, restructuring debt or moving to another lender.
Is refinancing always cheaper?+
No. Refinancing can involve fees and other costs, so the overall loan position should be considered rather than looking only at the interest rate.
Can I consolidate debts when refinancing?+
In some circumstances, eligible debts may be included as part of a refinance, subject to lender criteria and assessment.
Let's talk
Ready to talk about your finance goals?
Start with a conversation about your goals and circumstances. We'll help you understand the next steps and the lending options that may be available to you.
Refinancing may involve fees, costs and changes to your loan terms. Any proposed lending remains subject to lender assessment, criteria and approval.