Refinancing

There are many reasons why EMC Finance assists with refinancing current home loans. Not only can we help find a more suitable product for your, we also take the time to understand your goals you seek to achieve. When refinancing, we consider options such as cashing out equity, switching products, and even separation payouts.

The key questions EMC Finance explores to understand why you seek to refinance

• – Are you seeking a lower interest rate
• – further funding for personal goods or investment purchases (Shares for example)
• – lower repayments
• – Specific product

Lower interest rates is often the reason for refinancing, however if refinancing and extending the loan term you will receive lower repayments, however potentially will pay more interest as the loan term is longer – meaning more interest charged over a longer term.

At EMC Finance, we take the time to understand your financial position and the goals you wish to achieve. We then provide tailored options that align with your needs. Additionally, we monitor your rate, so you don’t have to. This ongoing service ensures you can have confidence and peace of mind without the hassle of tracking the finance market yourself. Traditionally, new customers get competitive rates, while existing customers may see their rates become less favourable over time. At EMC Finance, we proactively monitor your interest rate, negotiate where possible, and keep you informed of other market offerings.

For new customers to EMC finance and investigating better interest rates, we recommend first contacting your lender to request a rate review. If they’re unwilling to offer a competitive rate, EMC Finance can help find a product better suited to your needs.

If you’re seeking changes to your loan structure or additional funds, we take the time to explain how these adjustments impact your current and future circumstances. Use the below calculator to understand a general position of adding additional funds to your current loan and how that can impact your repayments. Then enquire to EMC finance to provide you a detailed understanding of how this impacts the interest, repayments, and the options available to you.

Enquire today for us to provide a quick home loan check-up and discover how we can support your refinancing needs!