Maximise benefits and minimise the cost of refinancing your home loan

Refinancing is the process of taking out a new loan to pay off an existing one. In Australia, refinancing a mortgage can be an excellent way to reduce your monthly payments or access cash from your home equity.

With many lenders offering mortgage refinancing, it is important to compare rates and fees to find the best option. Consider the terms of your new mortgage, including the interest rate, repayment term, and additional features. Understanding all the terms before agreeing is essential to ensure you make an informed decision.

On average, refinancing a home loan takes 3 to 6 weeks, though it can vary depending on your financial situation and the lender’s processing speed.

Several factors influence the timeline, such as the efficiency of document submission, whether a property valuation is required, and the lender’s internal review process.

At ZedPlus, we coordinate with lenders known for quick processing and guide you in gathering the necessary paperwork to prevent delays.

To streamline your application, the following documents are typically required:

• Proof of Income
• Employment Verification
• Loan Statements
• Credit Report
• Identification Documents
• Statements of any credit cards, personal loans, or other financial obligations.
• Bank statements or documents showing other assets, such as investments or property ownership.

You can significantly reduce processing time by submitting complete and accurate documents promptly. Our team stays in close contact with the lender throughout the process, addressing any issues immediately to keep things on track.

While some complex cases may take longer, we aim to complete the process swiftly so you can start benefiting from your new loan as soon as possible.

What makes ZedPlus unique is our dual expertise in mortgage broking and accounting. This combination allows us to provide advice that goes beyond simple interest rate comparisons.

We take a holistic view of your finances, advising you on tax-efficient loan structures, potential deductions, and debt strategies that align with your financial goals.

Our in-depth understanding of both lending policies and tax implications ensures that your refinancing decision saves you money and optimises your overall financial health.

Whether it’s navigating complex loan scenarios or preparing you for market changes, we offer insights that typical mortgage brokers overlook.

At ZedPlus, we offer strategies to reduce your monthly repayments without compromising your financial flexibility. By negotiating lower interest rates, extending your loan term, or securing features like offset accounts and redraw facilities, we help lower your monthly mortgage payments.

For clients looking to free up cash flow, we also explore split-loan options, where part of your loan can stay at a lower variable rate and the rest at a fixed rate for stability.

Additionally, if you have credit cards or personal loans, we offer refinancing solutions that consolidate these debts into your mortgage, often at a much lower interest rate—helping you reduce monthly expenses and simplify your finances.

Refinancing involves various costs, such as application fees, discharge fees, valuation charges, government fees, and break costs (for fixed-rate loans). However, at ZedPlus, we ensure you only pay necessary costs and negotiate with lenders to waive or reduce fees wherever possible.

We also help you avoid unexpected fees by providing a detailed breakdown upfront, so you know exactly what to expect.

Additionally, we offer a cost-benefit analysis to show whether refinancing will provide significant savings after accounting for these costs. This transparency ensures that your decision is financially sound and beneficial in the long run.

Yes, we specialise in finding solutions for clients with poor or non-traditional credit histories. We work with a variety of lenders, including those who offer non-conforming loans designed for borrowers with low credit scores or complex financial situations.

Our experts also provide personalised strategies to help improve your credit score before applying, which can lead to better loan terms. By presenting your financial situation effectively to the lender, we increase your chances of securing approval despite previous credit challenges.

Rising interest rates can increase your financial burden, but we offer several solutions to safeguard you from market volatility. If you are on a variable rate and worried about future rate increases, we can help you switch to a fixed-rate loan, locking in your repayments for a set period.

Alternatively, we may recommend a split-loan strategy, allowing you to fix a portion of your loan while keeping the rest on a variable rate for flexibility.

Our experts continuously monitor market trends, advising you when it’s the best time to lock in a rate or switch loan products so you are always one step ahead.

While refinancing offers many benefits, it also involves risks like break fees for leaving a fixed-rate loan early, the possibility of increasing your total loan term, or even exposing yourself to future interest rate fluctuations.

At ZedPlus, we mitigate these risks by conducting a detailed cost-benefit analysis for every client. We highlight potential fees upfront, recommend solutions to avoid penalties, and design a loan structure that balances short-term savings with long-term financial stability.

If refinancing isn’t your best option, we will offer alternative strategies rather than encouraging unnecessary changes.

Our relationship with clients doesn’t end at settlement. We offer ongoing support to monitor your loan’s performance and ensure it continues to align with your financial goals. We provide periodic loan reviews to identify whether a new market offer or rate reduction could benefit you further.

If your circumstances change, such as a career shift, investment opportunity, or market fluctuation, we proactively reach out to recommend adjustments to your loan structure. This continuous care ensures your refinancing strategy evolves with your life, delivering optimal results even years down the line.

If refinancing isn’t your best option, we will offer alternative strategies rather than encouraging unnecessary changes.