Home Loan Refinancing

Is your current home loan still the best deal for you? With interest rates and lending policies always changing, it's crucial to ensure your mortgage isn't costing you more than it should. At Max Rich, we specialise in helping Gold Coast homeowners review and refinance their loans to save money, unlock equity, and achieve their financial goals sooner.

Refinance Your Home Loan on the Gold Coast & Save

Home loan complacency can cost you thousands. Many homeowners on the Gold Coast are paying a "loyalty tax" by sticking with a loan that no longer serves them. Whether you want a sharper interest rate, need to consolidate debt, or plan to access your equity for a renovation in Broadbeach or an investment down in Coolangatta, a strategic refinance is your key. We make the process simple by comparing over 60 lenders to find a superior deal, potentially lowering your monthly repayments and helping you pay off your home faster.

Our Strategic 5-Step Refinancing Process

We've streamlined the refinancing journey to be simple and stress-free, handling the complexities so you can focus on the savings.

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1

Home Loan Health Check

‍We start with a complimentary review of your current mortgage, your financial situation, and your future goals. We'll identify exactly how much you could save or how much equity you can access.

2

Market Comparison & Savings Strategy

‍We dive into the market, comparing hundreds of loan products from our extensive panel of lenders. We'll present you with a clear, side-by-side comparison showing your potential savings and the best options available.

3

Seamless Application Management

‍Once you've chosen your new loan, we handle everything. We prepare and lodge all the necessary paperwork with your new lender, ensuring a smooth and efficient application process.

4

Discharge & Approval Coordination

We liaise directly with your old and new lenders to coordinate the discharge of your existing mortgage and secure unconditional approval for your new one. We manage the entire changeover for you.

5

Settlement & Future Partnership

On settlement day, your new loan officially takes over. You can immediately start enjoying the benefits and savings. We'll stay in touch with regular reviews to ensure your loan continues to be the right fit for you, for life.

6

Explore your loan options & their features.

Refinancing is the perfect opportunity to get the loan features you've been missing. You could switch to a loan with a 100% offset account to reduce your interest payments, add a line of credit for investment purposes, or secure the flexibility of making extra repayments without penalty. We’ll guide you through the features that will provide the most value for your specific financial strategy.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

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Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

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Income Tax Calculator

The income tax calculator can be used to calculate your net income.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

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Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

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Savings Planner Calculator

Use the calculator to find out how much you could save.

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Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

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Frequently asked questions.

View our full FAQs
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Can you help me figure out my borrowing capacity?

Absolutely. Your borrowing capacity is a calculation of how much a lender will loan you based on your income, debts, and living expenses. While online calculators offer a rough estimate, we provide a far more accurate and reliable assessment. We will analyse your financial situation to give you a clear budget and help you secure a formal pre-approval, which is the green light you need to search for property with real confidence.

How does a bridging loan work?

A bridging loan is a short-term loan that covers the financial gap when you buy a new property before selling your existing one. It allows you to use the equity in your current home to secure your next one. Once your old home is sold, the proceeds are used to pay down the bridging loan, leaving you with just the final mortgage on your new home.

How long does it take to close?

The time it takes to close on a mortgage can vary, but it typically ranges from 30 to 45 days. Factors that can influence this timeline include the lender's processing speed, the complexity of the loan, and the responsiveness of all parties involved.

Tips for a Smooth Closing

To ensure a smooth closing process, maintain open communication with your lender and promptly provide any requested documentation.

How much can I borrow?

Your borrowing capacity depends on several factors, including your income, financial commitments, living expenses, and the size of your deposit. While online calculators provide a rough estimate, our detailed assessment provides a much more accurate figure. We do this as part of a formal pre-approval process, so you know exactly what your budget is before you start looking.

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How much does it really cost to refinance?

The primary goal of refinancing is to put you in a better financial position. While there can be minor costs involved, such as discharge and government fees, these are often insignificant compared to the long-term savings. Our first step is to provide you with a full cost-benefit analysis, clearly showing you how much you stand to save by switching. If the savings don't significantly outweigh the costs, we won't recommend it.

How to apply for a mortgage?

Applying for a mortgage involves several steps. First, gather necessary documents such as proof of income, tax returns, and credit history. Next, research different lenders and mortgage products to find the best fit for your needs.

Steps to Follow

  1. Gather financial documents.
  2. Check your credit score.
  3. Shop around for lenders.
  4. Submit your application.

Following these steps can streamline the mortgage application process.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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