Refinance your home loan in Melbourne Cbd, VIC

Refinance Support

Refinance your home in Melbourne Cbd

Melbourne Cbd, VIC homeowners often look to refinance to secure better interest rates or access equity built up in their property. The area's stable market makes it an attractive option for refinancing.

Ding Financial is a mortgage broking business. We compare home loans from a wide panel of lenders so you can see multiple refinance options in one place. If you own a home in Melbourne Cbd, we can help you understand whether refinancing could save you money or help you achieve other financial goals.

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Why refinance your home loan?

There are many reasons homeowners in Melbourne Cbd choose to refinance. Here are some of the most common.

Lower your interest rate

Interest rates change over time. If you've been on the same rate for a while, refinancing could save you thousands in interest over the life of your loan. We compare rates from 30+ lenders to find you a better deal.

Access your equity

If your property has increased in value, you may have built up usable equity. Refinancing can help you access this equity for home improvements, investments, or consolidating other debts into your home loan.

Better loan features

Your needs may have changed since you first took out your loan. Refinancing lets you access features like offset accounts, redraw facilities, or flexible repayment options that better suit your current situation.

Consolidate debts

If you have credit cards, personal loans, or car loans with higher interest rates, refinancing can help you consolidate these into your home loan at a lower rate, simplifying your finances.

Your refinance journey

We make refinancing simple and handle the paperwork for you.

Free Rate Check

We review your current loan and compare it against 30+ lenders.

Find Better Options

We present you with refinance options that could save you money or better suit your needs.

Handle Paperwork

We manage the application and liaise with your new lender on your behalf.

Switch Complete

Your new loan settles and you start enjoying better rates or features.

Why refinance with Ding Financial?

Wide lender panel

We compare refinance options from 30+ lenders to find you a better deal on rates, fees, and features.

No-obligation comparison

Get a free rate comparison with no commitment. We\'ll show you what's available and you decide if it\'s worth switching.

Not owned by a bank

We're privately owned and work for you, not a banking group.

Refinancing FAQs

How much can I save by refinancing?

Savings vary depending on your current rate, loan amount, and the new rate we find for you. Even a small rate reduction can save thousands over the life of your loan. We'll provide a detailed comparison showing potential savings based on your situation.

What are the costs of refinancing?

Refinancing may involve application fees, valuation fees, and potential discharge fees from your current lender. We'll calculate these upfront and ensure the long-term savings outweigh the switching costs before recommending a refinance.

How long does refinancing take?

The refinance process typically takes 4-6 weeks from application to settlement. We handle the paperwork and liaise with both lenders to make the process as smooth as possible.

Will refinancing affect my credit score?

Applying for a new loan will appear on your credit file, but if you're approved and manage the new loan responsibly, refinancing should not negatively impact your credit score long-term.

Can I refinance if my property value has dropped?

It depends on your loan-to-value ratio (LVR). If you still have sufficient equity (usually at least 80% LVR), refinancing is possible. We can assess your situation and explore your options.

Should I refinance to access equity?

Accessing equity can be useful for renovations, investments, or debt consolidation. However, it increases your loan amount and interest costs. We'll help you understand the implications and ensure it fits your financial goals.

Ready to refinance your Melbourne Cbd home?

Book a free rate comparison today. We\'ll compare your current loan against 30+ lenders and find you a better deal.

Get your free rate comparison

Over 30 lenders compared • Not owned by a bank • Your own dedicated broker