*iSelect is the trading name of iSelect Mortgages Pty Ltd (ABN 86 148 217 181). iSelect Mortgages Pty Ltd is a credit representative (Credit Representative 400540) of Auscred Services Pty Ltd (Australian Credit Licence 442372). iSelect provides a referral to Lendi Pty Ltd, a Credit Representative of Lendi Group Finance Pty Ltd (Australian Credit License 442372). iSelect Mortgages Pty Ltd receives a commission from the Licensee for each new customer account created and for each home loan submitted through this service.
We partnered with Lendi* to help you compare home loans from over 25 lenders and over 2,500 home loan products.
Absolutely! As mentioned earlier, there is no ‘best refinance home loan’, because what makes a home loan suitable for you can depend on a range of factors. This includes factors such as the comparison rate, loan term, fee structure, additional features, as well as your own circumstances.
Through the process of comparing home loans, you might find a product that has more attractive terms or features than your current loan. Then after some further due diligence to ensure the new product is in fact a better deal, you can begin the process of refinancing.
Comparing refinance offers and rates by yourself can be an overwhelming and time-consuming task, especially given the number of lenders in the market, and the complexity of home loan products. That’s why iSelect has partnered with Lendi to make the process of refinancing easier.* Lendi can help you compare home loans from their range of lenders, and refinance to a loan that suits you.
There are a range of features worth considering when comparing home loans products with the goal of refinancing. Here’s a few to get you started:
Whether or not refinancing is a good idea for you can depend on a range of factors, including what your financial goals are. Consider the below questions when weighing up if refinancing is a good option for you:
If you answered yes to some of the above, then it could be worth comparing home loans with iSelect and Lendi*, and assessing your refinance options from their range of lenders.
There are no rules on how many times you can refinance your loan, however refinancing can come with costs, and it’s important to weigh these up before making a decision.
Refinancing to a home loan with a more competitive interest rate, fee structure, and loan term could lead to significant savings over the life of your loan. Whether or not it’s worth it for you could depend on your financial situation, and whether or not you’re able to find a more competitive home loan offer in the market.
At iSelect we’ve partnered with Lendi to make the refinancing process simple and straightforward.* Get started comparing home loans from 35+ lenders online the easy way, or give Lendi a call on 1300 186 260 (08:30-18:30).
Last updated: 6/12/2021