Save by switching to a loan with lower rates or better conditions.
Take advantage of a better housing market and save money for your future.
Continue growing your investments and portfolio while lowering your mortgage rates.
Learn how you can refinance to a more affordable SMSF loan.
A higher income, lower interest rates, increased equity – they’re all good reasons to think about switching to a new mortgage.
Refinancing can help you reduce your repayments, access better features, and consolidate higher-interest debts into your home loan.
You can even access your usable equity, leveraging it as a deposit on another property.
Book a meeting with us to find out how refinancing can help grow your property portfolio.
More than 36,000 Australian businesses and individuals choose us as their mortgage brokers.
ALIC is genuinely different – an award-winning broker with no hidden financial incentives and no questionable referral partners.
With more than 30 bank and non-bank partners on our lending panel, finding the right mortgage is simple.
Your loan should be one that supports your ideal future – whether that’s a multi-property portfolio or a stress-free retirement.
Access our network of leading property professionals to get the advice you need – no referral commissions involved.
The journey to become a successful investor isn’t always smooth. Interest rates, the market and even your circumstances can all change in a blink of an eye.
Partnering with the right team of lending strategists can not only save you money long term, but also boost the value of your portfolio.
Tap into your equity to buy other investment properties or add or remove loan features that better suit your goals. We here to help you make the best decision for your future.
Find out how our experienced team can find a better deal for your investment property.
Our clients share their experiences of transformation and growth.
Refinancing your home loan when you’re self-employed has its challenges.
You need to accrue a deposit and prove you can service the loan – which can be hard without employee documentation.
But the right lending strategy makes it easier.
Once we’ve analysed your borrowing capacity, we’ll work with you to source lenders that understand being your own boss doesn’t impact your ability to make repayments.
Schedule a free consultation with one of our lending strategists to find out more about how we can help.
With articles written by award-winning brokers like Mark Davis, ALIC’s Insights Hub is one of the best places to learn about building wealth through property.
When it comes to purchasing a property, one decision you have to make is choosing between a fixed interest vs variable interest rate for your mortgage. Understanding the difference between these two options is essential for making an informed decision. Let’s explore the disparities between fixed and variable interest rates
Damian Brander, ALIC’s Managing Director, was invited to be an expert panelist on Ripehouse Advisory’s vodcast to discuss the RBA’s monetary policy and its impact on property investors. Joined by a panel of the greatest minds in the industry, they tackled all the hard-hitting questions and reviewed the announcements from
Owning a home has long been a cherished dream for many Australians. However, the soaring real estate prices in major cities have made this aspiration seem unattainable for first-time homebuyers. In response to this challenge, the Australian government has introduced several First Home Buyer Schemes to assist prospective homeowners in
To refinance your home loan, you’ll generally need the following documents:
If you’re self-employed, you may be asked to show:
The usual process involves applying for a new home loan and getting your new lender to contact your current one to transfer your mortgage. So, depending on your lender, refinancing your home loan can take anywhere from two to four weeks.
Your offset account helps lower the interest on your home loan, but it’s not considered equity until you use it to pay off your loan. So any money you have in your offset account doesn’t count towards the total equity of your home.
However, if you use those funds to make a home loan payment, you’ll increase your equity by paying down your loan balance – but you will lose that money.
To avoid paying LMI when you refinance, you’ll generally need at least 20% equity in your home. For example, if your home was worth $1 million, you’d need at least $200,000 of equity.
If you have 5–19% equity in your home, you’ll need to assess whether the benefits of refinancing outweigh its costs. For example, if you had $90,000 in equity on a home worth $600,000, your LMI premium might cost more than $6,000.
You also need to consider that any LMI you paid on your first home loan may not be transferred to your new one. (Some lenders may offer a rebate if you’ve had your home loan for less than two years.)
Yes, a refinancing application temporarily affects your credit score. Each application counts as an application for a new loan, which triggers a hard enquiry from the relevant lender.
Keep in mind that the benefits of refinancing normally outweigh the small, temporary dip in your credit score. Using a mortgage broker will also help you find a suitable lender as quickly as possible, which reduces the number of refinancing applications you’ll need to make.
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