Is your home loan still working for you?
Your circumstances, goals and the home-loan market can change over time. Refinancing gives you an opportunity to review your current loan, compare available options and consider whether a different loan structure or feature set may better suit your needs.
Whether you are looking to review your repayments, access equity, consolidate debt or approaching the end of a fixed-rate period, Dalton Finance can help you understand the options available.
When it might be worth reviewing
Your current loan is no longer competitive
Interest rates, fees and loan features vary between lenders and products. A review may help you understand whether alternative options better align with your current needs.
You would like to access equity
Depending on your circumstances and lender criteria, refinancing may allow you to access available equity in your property for renovations, an investment or another significant purpose.
Your fixed-rate period is ending
When a fixed-rate period is due to end, it can be a useful time to review your loan options, understand your likely variable rate and consider whether another structure may suit you.
Your circumstances have changed
A change in income, family situation, employment, property goals or financial commitments can be a good reason to revisit whether your existing loan remains appropriate.
You are considering consolidating debt
Combining debts into your home loan may simplify repayments, but spreading them over a longer term could increase the total interest paid.
You plan to sell soon
If you expect to sell your property in the near future, the costs and effort involved in refinancing may outweigh any potential benefit.
When refinancing might not suit
Your loan balance is relatively low
If the remaining loan balance is small and you are not seeking equity, additional features or a different structure, any potential savings may be limited after costs are taken into account.
Break costs could be significant
Leaving a fixed-rate loan before the end of its fixed period can involve break costs. These costs may reduce—or outweigh—the financial benefit of switching loans.
How Dalton Finance can help
Review your current loan
We look at your existing rate, fees, features, loan structure and remaining term alongside your current circumstances and lending goals.
Compare suitable options
We help you compare relevant loan products, including the interest rate, comparison rate where applicable, fees, features and flexibility.
Understand the costs
We explain potential refinancing costs, including lender fees, discharge fees, government charges, valuation costs and any applicable break costs.
Manage application process
If you choose to proceed, we guide you through the application, documentation, lender communication and settlement process.