Refinancing

Take advantage of better rates on the market and start saving

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We're here to help you Refinance your Home Loan or Investment Loan

Refinancing your mortgage can be a smart financial move, especially for Australians keen on growing their wealth through property investment. Picker Financial Solutions offers a comprehensive service to help you navigate the refinancing landscape. By accessing loan options from banks and lenders across Australia, you can benefit from better loan options and potentially improve your financial situation.

When you refinance, one of the key benefits is the possibility of accessing a lower interest rate. Whether you are nearing the end of a fixed rate period or simply want to take advantage of current refinance interest rates, adjusting your loan can offer significant savings. A lower interest rate can reduce your loan repayments, freeing up more funds for other investments. Additionally, by changing your loan term, you can either extend it to lower monthly repayments or shorten it to pay off your mortgage quicker.

Another important aspect of refinancing is releasing equity in your property. This process involves tapping into the increased value of your home to access funds, which can then be used to buy the next property or for other investment opportunities. Releasing equity can be a powerful tool for expanding your property portfolio without the need for additional savings.

Consolidating debts is another compelling reason to consider refinancing. By combining multiple high-interest debts into a single, lower-interest mortgage, you can streamline your finances and reduce overall repayments. This approach not only simplifies your financial management but also potentially improves your credit history by ensuring timely repayments.

Picker Financial Solutions prides itself on offering access to banks and lenders nationwide, ensuring you have a wide array of options to choose from. Our streamlined application process makes it easier than ever to check your eligibility for special lender policies and secure a loan that suits your needs. By reviewing factors such as bank statements, credit history, and your overall financial situation, we can help you find the best variable or fixed interest rate loans available.

Our expertise extends to guiding you through the entire application process. From gathering necessary documents like bank statements to understanding your financial situation and credit history, we work diligently to ensure a smooth experience. We also provide insights into the differences between variable and fixed interest rate loans, helping you make an informed decision based on your long-term goals.

At Picker Financial Solutions, we understand that every client's needs are unique. That's why we take the time to assess your specific circumstances and recommend tailored solutions. Whether you're looking to access a lower interest rate, change your loan term, or release equity in your property, our goal is to help you achieve financial growth through effective refinancing strategies.

If you're considering refinancing your mortgage, now is the perfect time to explore your options with Picker Financial Solutions. Our team is dedicated to providing personalised advice and access to a wide range of loan options from banks and lenders across Australia. Contact us today to discuss how we can help you take the next step in your property investment journey.

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Getting a Loan

Initial Consult

Have a chat with one of our qualified Mortgage Brokers who will understand your situation and talk you through the next steps. 

Fact Find

We'll work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for a loan. 

Pre Approval

Once you're approved, you can start bidding or making offers on properties you want to purchase. 

Settlement

You settle on the property, your loan draws-down and you're good to go!

Book Appointment

SS

Sarah Stokes

Steve from PFS is a delight to work with and makes things easy to understand.

NL

Nathan Lomas

Don't even think about using another broker. The Picker team are the GOATS!

CB

Chad Barling

Been great help, quick and easy process in buying my first investment property

Frequently Asked Questions

How much can you afford?

The first thing we will do is work out your borrowing potential. You may have a dream home in mind but first you need to know if you can afford it. There are many factors that will influence your decision around what to buy and where – proximity to work and family and your stage of life are just a few – but the single biggest decider is nearly always what you can afford. It’s really a case of looking at the big picture and working your way back from there. Consider your household income and what you realistically can afford in loan repayments, taking into account all of your expenses (even coffees and lunches). As a guide a mortgage calculator can be a great place to start, but it won’t take into account all of your personal circumstances or eligibility for a loan. Talking to us will give you a much more accurate idea of what you can afford. We can look to obtain pre approval from a lender so you can put an offer on a home when you find the one you like. Of course, even with a pre approval a subject to finance clause is an important protection.

Why not go straight to a bank?

Of course you can go to a bank, but this can be trickier than it sounds. Firstly, which one do you choose? Which of their products is right for you? And what about other lenders, building societies and credit unions? Australia is indeed the lucky country. We are blessed for choice when it comes to the amount of competition that exists when it comes to the mortgage market. With so many lenders, and so many products under each of their brands, it’s important you make the most of this regarding who and what you choose when it comes to your home loan. There are a lot of options out there and, with regularly moving interest rates and new products, it’s an ever-changing market. And let’s not forget that if you’re a first homebuyer, you’re probably very new to this. That’s why a broker makes sense. We do this everyday. We know the lenders, their products and policies and we keep up-to-date with changes. We help choose what’s right for you. Banks enjoy working with brokers, as we do a lot of the banks’ work for them and making their jobs much easier and may help speed up the application process and get you the top-notch customer service you deserve. In the simplest terms, having a broker in your corner makes finding the right loan easier and can save you time and, hopefully, money.

Do you know how well your current loan stacks up?

Things change, and chances are since you got your home loan interest rates may have moved, and life has too. Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees and charges? Chances are the market has changed too. New products designed to attract borrowers are always being introduced, and lending appetites are an ever moving feast. Let’s not forget that things have probably changed in your life too since you took out the mortgage. Your income may have changed, and your expenses probably have too - your financial goals could also be different. Even though most loans are around 30 years in length, you may be surprised to hear that Australians often change their home loan every 4-5 years as they refinance. Refinancing is a chance to look at what’s out there and to check to see whether your current loan is still the right one for you. If it’s not, it may be time to refinance. If you are looking to switch, this guide contains some of the key things you may want to consider.

Why do people invest in property?

Over the last few decades, the values of some properties have often risen more than the rate of inflation. Some say property ownership is a national obsession, with affordability issues, house prices, and interest rate movements constantly in the news. Apart from a common general understanding of the market, there are other reasons people like to invest in property. Some common ones being the potential for capital growth (how much the property rises in value over time), return from rent, and tax benefits. You’ll find more about these over the next few pages. Another plus is you don’t need to be a long time investor with lots of funds on hand to start investing. If you already own a home that’s increased in value, you can potentially unlock this equity to help purchase another property. Or, if you’ve yet to buy your own home you can use the rent to help pay the mortgage on an investment property and get a start in the market.

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