The Refinancing Process

At Mortgage Care we always put our client first. As your trusted broker we will analyse your existing home loan, suggest whether refinancing is a good option, and find a better loan by comparing products from more than 30 lenders including the four major banks. Not only that we will prepare all the paperwork, lodge it with the selected lender and handle all intermediate communication before settlement. We will be with you throughout the whole process and take care of everything till the loan is settled.

The Refinancing Process

1. We will meet you face to face to discuss whether loan switching will be good idea

2. We will Compare loan products from more than 30 lenders

3. We will negotiate a great deal for you

4. Our experienced team will prepare the application package and lodge it with the lender

5. We will handle all the intermediate communication with the lender and solve all issues

6. Our team will follow up with all the stakeholders to ensure that the loan settled

7. After settlement your new lender will pay off your current loan and you will be able to start making repayments on your new loan.

Documents we will need from you

The refinancing process is actually almost the same as applying for a new loan. You should be already familiar with the required documents from your first experience. However, we are listing some important ones below which we will need to prepare your application pack:

1. Two recent payslips

2. Identity documents (i.e Driver licence, Passport)

3. Existing home loan statements

4. Statements for any other loans

5. Savings account statements

6. Latest council rates notice

6. Building insurance policy for the property you would like to refinance