Why should I refinance my loan?

Refinancing is common for a number of reasons which are summarised below:

  • to get a better interest rate
  • to lower monthly repayments
  • to consolidate debts
  • to release equity or increase the loan

Competition is fierce among lenders and often existing customers are not aware of new products being offered by their lender. Your Citiwide lending specialist can review your existing loan and tell you whether you’re still getting the ideal rate from your current lender. If refinancing with your existing lender is not possible, we can then offer you alternatives from our large panel of lenders.

Consolidating your debts

Consolidating all your debts into one low repayment makes sense. Often you may find yourself juggling several repayments such as housing loan, personal loan, credit cards and store cards.

Personal loans and credit cards charge a higher interest rate than home loans so you could save yourself thousands of dollars by putting them under the one loan.

Make a fresh start today by calling us on 1300 732 630 for a free home loan health check or contact your Citiwide lending specialist.

Release the equity in your home

There are a number of reasons why you may want to release equity in your home. Releasing equity can make cash available for investing in other assets such as property, shares, managed funds or perhaps a business. Whatever the reasons, give us a call to find out the most suitable option for you.

Refinancing with Citiwide

With our unique loan software, our lending specialists will walk you through a wide selection of home loans and products on the market to help you find the most suitable loan.

If your circumstances have changed or may change in the near future, you should seriously consider refinancing. Contact us today to arrange a free, no-obligation appointment using our Online Enquiry Form.