Refinance your Home Loan

Defence Home Loans helps Australian Defence Force (ADF) Members take advantage of better interest rates and refinance their Home Loan

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Refinance your Home Loan as an ADF Member

Refinancing your Home Loan can be a prudent financial decision, especially for members of the Australian Defence Force (ADF) who may face unique financial challenges and opportunities throughout their career. Refinancing provides an excellent opportunity to adjust your mortgage terms to better suit your current financial situation, whether that's to secure a lower interest rate, consolidate debt, or adjust your loan term. At Defence Loans, we understand the distinct needs of ADF members and their families, making us the go-to experts when you're looking to refinance your Home Loan

Defence Loans takes pride in offering tailored refinancing options that cater specifically to the lifestyles and financial circumstances of ADF personnel. Our comprehensive understanding of military life enables us to provide bespoke advice and solutions, ensuring that when you refinance your Home Loan, the process is as streamlined and beneficial as possible. Our team of experts is well-versed in the nuances of military benefits and allowances, factoring these into our refinancing strategies to optimise your financial outcomes.

Choosing Defence Loans to refinance your Home Loan means gaining access to exclusive rates and products that may not be available through traditional lenders. Our longstanding relationships with a wide range of lenders give us the leverage to negotiate on your behalf, securing terms that are in your best interest. We seek out refinancing options that offer flexibility, lower rates, and terms that accommodate the unique demands of military service, including deployments and relocations.

One of the primary reasons ADF members should consider refinancing their Home Loan is to alleviate the financial pressures that can come with serving. By reducing your interest rate, even slightly, you can save thousands of dollars over the life of your loan, freeing up valuable resources to invest in your and your family's future. Additionally, consolidating debts into your Home Loan can simplify your finances, reducing stress and potentially lowering your overall monthly payments. Defence Loans specialises in identifying such opportunities, ensuring that ADF members maximise their financial benefits at every turn.

Furthermore, Defence Loans offers unparalleled support throughout the refinancing process. We understand that military life can be busy and unpredictable, which is why we are committed to providing efficient and flexible services. From your initial inquiry to the finalisation of your refinancing, our team is there to guide you, answer questions, and navigate any potential hurdles. This level of support has established Defence Loans as the preferred choice for ADF members looking to refinance their home loan.

In conclusion, when you decide to refinance your home loan, partnering with Defence Loans offers not just expert financial solutions tailored to the ADF community but also peace of mind. Our dedication to understanding and meeting the unique needs of ADF members and their families sets us apart, ensuring that your financial objectives are met with the utmost professionalism and care.

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Interest rates as low as:

5.79%

Headline Rate

5.82%

Comparison Rate

Common scenarios where ADF Members Refinancing a Home Loan

Your fixed-rate time is almost up

When ADF members get a fixed-rate Home Loan, it usually lasts for 1 to 5 years. After that, your Home Loan switches to a variable interest rate, which might be quite different from what you were paying before. If interest rates have risen a lot since you fixed your Home Loan, the new rate could be much higher. But if rates have dropped, you might end up with a lower rate. When you're a few months away from the end of your fixed-rate time, it's smart to chat with a mortgage broker like Defence Home Loans. They can help you pick the best Home Loan option for your situation, whether it's sticking with your current lender, getting a new fixed-rate Home Loan, or switching to a different lender. You'll want to choose the option that fits your money goals.

You want to tap into the value of your home

If you're an ADF member and you want to buy another home, invest in property, do some renovations, or get cash for a big expense, you might be able to use the value of your home. Refinancing your Home Loan can help you do this. But just because you've built up value doesn't mean you can get all that money. To figure out how much you can get, give the team at Defence Home Loans a call.

You want to change how long you have to repay your loan

Sometimes, as an ADF member, you might want to refinance to change how long you have to repay your Home Loan. If your income has gone up and you can manage higher payments, switching to a shorter loan time could save you money on interest in the long run. But before you commit to higher payments, think about whether you'll still be able to manage them if interest rates go up or your income drops. On the flip side, if you want to lower your payments, switching to a longer loan time could help. Just remember, a longer time means more interest payments, so it'll cost you more overall.

You want to put all your debts together

If you're an ADF member dealing with lots of debts, refinancing your Home Loan might help. By combining all your debts into one loan, you could make your finances simpler and maybe get a lower interest rate. But remember, this depends on whether you can handle the new loan. This process, called debt consolidation, could help you pay off your debts faster, whether they're credit cards or personal loans. However, before you refinance, make sure it's the right move for you. And be sure to close those old accounts and stop using any credit cards to avoid getting into the same trouble again.

The Home Loan Refinancing Process

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1. Compare your Current Home Loan

See how much you could save by comparing your Home Loan to 1000s of others currently available

2. Check you're eligible

We'll collect some person details to make sure banks will accept your application

3. Upload your Documents

Take photos or upload your documents in our secure portal

4. Sit Back and Relax

We'll prepare and submit your application on your behalf and keep you updated as it progresses

See why others choose Defence Home Loans to help Refinance their Home Loan:

rR

ram Reddy

Nick Sullivan, was very informative . He was excellent in co-ordinating and organising my home loan.

RS

Robert Stuart

Could not recommend highly enough. I am a first-time home buyer and had no idea about the steps involved. We only had a 1 week turn around and Nick was able to help make that possible. He was always available and happy to answer my many ...

AA

Alexandra Alder

Carl Elsass has worked tirelessly to rapidly get us a mortgage that suits our needs perfectly, with an amazing interest rate, from a fantastic neo bank that we would never have heard of without his help. He has been an absolute pleasure to ...

Common Questions:

What are the Benefits of Refinancing a Home Loan or Investment Loan?

Refinancing your Home Loan or Investment Loan can offer numerous advantages for Australian Defence Force (ADF) Members. One of the primary benefits is the potential to secure a lower interest rate, which can significantly reduce monthly loan repayments. By obtaining a lower rate, ADF Members can effectively manage their finances more efficiently, freeing up funds for other essential expenses. Moreover, refinancing allows for the adjustment of loan terms to better suit individual financial circumstances. This could involve extending or shortening the loan term, or changing the repayment frequency to align with income cycles or budgetary preferences. Such flexibility empowers ADF Members to tailor their loans to their specific needs and goals. Additionally, refinancing can provide access to equity, enabling ADF Members to release funds for various purposes such as home renovations, purchasing a vehicle, planning a holiday, or investing in additional properties. Consolidating multiple loans into a single facility simplifies financial management and can potentially reduce overall interest costs. Lastly, transitioning from a variable to a fixed-rate home loan through refinancing offers the advantage of locking in a stable interest rate and repayment term, providing peace of mind amidst fluctuating market conditions. Overall, refinancing presents ADF Members with valuable opportunities to optimise their loan arrangements and enhance their financial well-being.

What is Refinancing?

Refinancing, also known as loan refinancing, is the process of acquiring a new mortgage to replace an existing one, whether it's for a home loan or an investment loan. This can involve switching to a different lender or renegotiating with the current one. There are various reasons for refinancing, including securing a lower interest rate, reducing monthly repayments, adjusting the loan terms, or consolidating debts. Additionally, individuals may opt for refinancing to access funds for home renovations or to fix a portion of their loan. At Defence Loans, assisting Australian Defence Force (ADF) Members with refinancing their Home Loan or Investment Loan is a key focus of ours, ensuring they receive tailored support and guidance throughout the process.

Why should I use a Mortgage Broker?

Using a mortgage broker can simplify the mortgage journey, provide access to a broader range of options, offer expert guidance, and streamline the application process, ultimately saving time and potentially securing better loan terms. Mortgage brokers serve as intermediaries between borrowers and lenders, offering valuable expertise and assistance throughout the mortgage process. One primary advantage of using a mortgage broker is access to a wide range of loan products from various lenders. This diversity allows brokers to tailor solutions to individual needs and financial situations. Additionally, brokers often have established relationships with banks and lenders, which can lead to better terms and rates for borrowers thank sticking with their main bank. Another key benefit is the guidance provided by mortgage brokers. They help navigate the complex mortgage landscape, explaining the intricacies of different loan options and ensuring borrowers understand their obligations. This personalised support streamlines the application process, saving borrowers time and stress.

Are your mortgage brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Mortgage and Finance Association of Australia (MFAA). They are extremely professional and provide exceptional service across a range of lending options. In addition they have the essential qualifications and more to provide expert advice for any scenario you are in, whether it be refinancing your Home or Investment Loan, getting a Car Loan or a new Loan to purchase.

When Should You Refinance a Home Loan or Investment Loan?

There are a few things to consider when deciding if you should refinance your Home Loan or Investment Loan. First, you need to make sure that you can afford the new monthly payments. You also need to understand the costs associated with refinancing. We can help you with this, including to help you understand any cost of breaking your fixed term. There is no perfect time to refinance and depends on your needs. Often you will decide to refinance to move to a cheaper interest rate.

What are the Benefits of Refinancing a Home Loan or Investment Loan?

Refinancing your Home Loan or Investment Loan can offer numerous advantages for Australian Defence Force (ADF) Members. One of the primary benefits is the potential to secure a lower interest rate, which can significantly reduce monthly loan repayments. By obtaining a lower rate, ADF Members can effectively manage their finances more efficiently, freeing up funds for other essential expenses. Moreover, refinancing allows for the adjustment of loan terms to better suit individual financial circumstances. This could involve extending or shortening the loan term, or changing the repayment frequency to align with income cycles or budgetary preferences. Such flexibility empowers ADF Members to tailor their loans to their specific needs and goals. Additionally, refinancing can provide access to equity, enabling ADF Members to release funds for various purposes such as home renovations, purchasing a vehicle, planning a holiday, or investing in additional properties. Consolidating multiple loans into a single facility simplifies financial management and can potentially reduce overall interest costs. Lastly, transitioning from a variable to a fixed-rate home loan through refinancing offers the advantage of locking in a stable interest rate and repayment term, providing peace of mind amidst fluctuating market conditions. Overall, refinancing presents ADF Members with valuable opportunities to optimise their loan arrangements and enhance their financial well-being.

Can you help First Home Buyers?

We love helping First Home Buyers! Defence Home Loans helps Australian Defence Force (ADF) Members who are First Home Buyers access a Home Loan plus understand any Grants and Discounts that they are eligible for. For most, buying your first home with a Home Loan signifies one of the most significant financial decisions of their lives. It's an investment in the future, a foundation for family life, and a step towards financial security. Defence Loans is acutely aware of the importance of this milestone. We pride ourselves on our personalised approach, ensuring our clients are equipped with the knowledge, options, and support to make informed decisions. Our range of Home Loan solutions caters explicitly to the diverse needs of ADF members and first home buyers, offering competitive rates, flexible terms, and benefits uniquely tailored to the service life and career trajectory of defence personnel.

Can you help with Home Loans?

When it comes to securing a Home Loan, Australian Defence Force (ADF) members, face unique circumstances and challenges. Understanding these nuances, Defence Loans emerges as a beacon of support and guidance in the journey towards homeownership. Choosing Defence Loans to facilitate your Home Loan process is not merely a transaction; it's embracing a partnership that recognises and honours your service. We understand the significance of trust, especially when making such a substantial life investment. Our clients are at the heart of everything we do, and we go the extra mile to ensure your Home Loan journey is straightforward, transparent, and tailored to your unique situation.

What kind of interest rates can you offer?

We take look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.

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