REFINANCE BRISBANE

Discover a better interest rate in Brisbane.

As your financial situation evolves over time, you may find that the loan features you agreed to as a first home buyer no longer fit with your goals. They could even be preventing you from achieving financial freedom sooner. Refinancing an existing loan can offer valuable alternatives to loan holders who seek more equitable repayments that fit with their income. Borro’s™ team of experienced refinancing brokers can help you transition to a new loan that reflects your ambitions and guides you to a more rewarding financial future.

Refinance Home Loans Brisbane

As we know, interest rates are in a constant state of flux, which is why Borro™ suggests reviewing your loan details on an annual basis. Making the decision to refinance can grant you access to better interest rates, helping you to save more over the life of your loan. Refinancing can also help you consolidate debts or unlock more equity within your home to fund value-adding renovations, purchase a new vehicle or place a deposit on an investment property. If you want to refinance a home loan, get in touch today.

WHY YOU SHOULD REFINANCE YOUR HOME LOAN IN BRISBANE

Foster a healthier financial future.

Get a better interest rate and save money across the life of your loan
Access equity to fund renovations, purchase new assets or use as an investment property deposit
Create more manageable mortgage repayments through debt consolidation
Access better loan features, now and in the future

Why choose to refinance with Borro™’?

Collaboration and communication.

Borro™ is not just a collection of brokers. We are a unit. And to deliver the best outcome for your financial situation, we talk, work together and use our collective power to rise above and beyond your expectations.

Excellence and ethics.

We have a stellar reputation and loyal customers for a reason… We keep things simple and straightforward. Borro™ earns trust by being fully honest and always striving for the best result for our clients.

Motivation and mastery.

Borro™ always aims for more. We stay on top of market trends, constantly improving our methods to make sure our clients receive amazing service and have a smooth and easy borrowing journey.

No nonsense.

Borro™ acts with integrity. When it comes to finance, we think it’s vital to be honest and avoid false claims. We are here to assist, but you can count on Borro™ to be frank and direct.

Access to better borrowing solutions.

Achieve your financial goals

It’s super easy to speak to one of our brokers. Book your free, no-obligation 30-minute appointment by simply selecting a time and date that suits you, and whether you’d like to discuss your loan needs by phone or virtual meeting.

Talk to a Borro broker today

BORRO™’S TRANSPARENT PROCESS

Find your finance in 4 easy steps

Step 1

First determine your eligibility in switching to a Borro™ home loan.

Step 2

Fill out the simple online application form or talk with one of our friendly Borro™ brokers.

Step 3

If your application is approved, we’ll send through your documents online to review.

Step 4

Cross the t’s and dot the i’s. Sit back, relax and start saving.

We educate and empower people, financially.

Brush up with Borro Media.

man holding small house with a calculator

Over 100 5-star Reviews on Google

    
 
 
       Posted on Google  
   
   Chelsea Craven 
 
 
 
 Trustindex verifies that the original source of the review is Google. Cara and her team at Borro have been nothing short of exceptional throughout our home loan process. From the very beginning, Cara provided clear communication and comprehensive information, making the process of moving banks and securing a loan for our new mortgage smooth and stress-free. She took the time to explain every step, answer all our questions, and ensured we felt confident in the decisions we were making. Her professionalism, knowledge, and genuine care made what can often be a complicated process feel simple and well supported. I could not recommend Cara and the team at Borro more highly to anyone looking to secure a home loan or refinance. Their service and support have truly been outstanding. ⭐️⭐️⭐️⭐️⭐️
  
 
      Posted on Google  
   
   Bryce Wells 
 
 
 
 Trustindex verifies that the original source of the review is Google. Working with Campbell from borro as our mortgage broker was an outstanding experience from start to finish. From the very beginning, he was professional, knowledgeable, and genuinely committed to helping us secure the best possible outcome. Campbell took the time to clearly explain every step of the process, making what can often be a stressful and confusing experience feel simple and manageable. He was always available to answer questions, provided honest advice, and worked incredibly hard behind the scenes to find the right loan that suited our needs. What really stood out was his communication and dedication. Campbell kept us updated throughout the entire process and made sure everything moved smoothly and efficiently. His attention to detail and willingness to go the extra mile gave us complete confidence that we were in good hands. Thanks to Campbell, the whole process was far easier than we expected. We would highly recommend him to anyone looking for a reliable, knowledgeable, and supportive mortgage broker. If you want someone who truly cares about getting the best result for you, Campbell is the person to call.
  
 
      Posted on Google  
   
   Candice Staadecker 
 
 
 
 Trustindex verifies that the original source of the review is Google. Kelly and Lina were fantastic. They work at a fast pace which is exactly what you want in a mortgage broker. I would highly recommend Borro.
  
 
      Posted on Google  
   
   Jamie Borg 
 
 
 
 Trustindex verifies that the original source of the review is Google. Incredibly knowledgable, patient, dilligent and got the results I needed.
  
 
      Posted on Google  
   
   Jarrah Kelly 
 
 
 
 Trustindex verifies that the original source of the review is Google. Campbell was so attentive and helpful. He was also always pleasant to communicate with.
  
 
      Posted on Google  
   
   Troodon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great experience with my recent refinance. I had friendly, proactive, and timely assistance provided by Kelly and the Borro team.
  
 
      Posted on Google  
   
   Morteza Nourbakhsh 
 
 
 
 Trustindex verifies that the original source of the review is Google. We had a great experience with our broker, Campbell! They were extremely helpful and professional throughout the entire mortgage process, always keeping us updated and regularly checking in to see if we needed any help. Their support made the whole experience much less stressful. We highly recommend them.
  
 
      Posted on Google  
   
   Paul Hawkey 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great service and advice from Campbell and the team.
  
 
      Posted on Google  
   
   sid alsid 
 
 
 
 Trustindex verifies that the original source of the review is Google. ⭐️⭐️⭐️⭐️⭐️ Huge thanks to Kelly and the Borro team for their help with my refinance. The process had a few complications, but Kelly was always professional, patient, and easy to deal with. Communication was clear throughout and everything was handled smoothly through to settlement. Highly recommend Borro!
  
 
      Posted on Google  
   
   Susie 
 
 
 
 Trustindex verifies that the original source of the review is Google. Kelly from Borro was an absolute delight to work with! She made applying for a home loan feel easy, guiding me every step of the way and keeping me informed throughout the entire process. Kelly was always prompt, professional, and communicated clearly with genuine empathy, which made a huge difference in helping me understand the loan process and feel fully supported. She consistently provided timely updates, even after work hours and during her annual leave, which I was incredibly grateful for. Thanks to her guidance, we secured formal approval on time. I couldn’t be happier with the outstanding service and would highly recommend Kelly to anyone looking for a knowledgeable and trustworthy mortgage broker.

DISCOVER MORE SERVICE LOCATIONS

Our Queensland Locations

Lenders we work with

REFINANCE HOME LOAN BRISBANE: FREQUENTLY ASKED QUESTIONS

In case you missed something.

How often should you refinance home loan?

The ACCC Home Loan Price Inquiry report recommended that lenders prompt borrowers to consider refinancing every 3 years. However, at Borro™ we believe that a reassessment of your existing mortgage should be carried out once a year for maximum benefit. This doesn’t mean that you need to do a complete mortgage refinance every 12 months. But a reassessment completed by an experienced mortgage broker will tell you if your home loan is still offering a competitive interest rate or whether you would be better off refinancing. Additionally, it’s important to do a home loan reassessment whenever you’re approaching the end of a fixed interest rate period. This is because most lenders will automatically roll a home loan over to their standard variable rate once the fixed rate loan term has concluded (which may be significantly higher than your current low fixed interest rate home loan).

What’s involved in refinancing your home loan?

If you’re considering refinancing your home loan, start by talking to a professional mortgage broker at Borro™. Together we can understand what you hope to achieve from refinancing and answer any questions that you may have. We can then assess your current home loan and compare it with a wide range of products from a diverse panel of 30+ lenders. Once we’ve identified which home loan product is most suitable for you, we can begin your refinance application.

The process of mortgage refinancing is similar to what you would have experienced during your first home loan application. The new lender will ask for evidence of your current income and living expenses, as well as recent statements from your current mortgage lender. They’ll also arrange for an evaluation of your property to determine how much equity you currently have. The good thing about refinancing is that borrowers are often in a stronger financial position than when they were first home buyers. And the stronger your financial position, the easier it is for us to negotiate better loan terms.

Once the home loan refinance has been approved, the new lender will arrange for your existing home loan to be repaid in full. You’ll then start making weekly or monthly repayments to the new lender.

Does refinancing mean you need to switch lenders?

Some borrowers hold off on home loan refinancing because they’re happy with their current lender and don’t like the idea of having to switch. The good news is refinancing doesn’t necessarily mean changing lenders. We can approach your existing lender about refinancing your current home loan to a product with a more competitive interest rate or with more suitable loan features. Many lenders will readily allow existing customers to refinance because it’s more economical for them to lower your rate than lose your business altogether.

Do I still need lenders mortgage insurance?

Lender’s Mortgage Insurance (LMI) is a type of insurance that protects lenders in case a borrower defaults on their loan. It is typically required when a borrower has a deposit of less than 20% of the property’s value.
If your repayment amount is still more than 80% when you refinance the loan, you will likely still need lender’s mortgage insurance. When you refinance with Borro™, we will work hard to find the optimal solution for your financial situation, including when it comes to lender’s mortgage insurance.

Who can you trust to refinance your home loan?

According to a 2020 study by CoreData, almost 1 in 2 homeowners don’t think banks are acting in their best interests. Additionally, over half of those surveyed were sceptical about whether a bank would provide them with unbiased financial advice. Considering this is how so many homeowners feel, it’s easy to see why some may be hesitant to refinance.

Fortunately, the mortgage brokers at Borro™ can help. Our brokers are governed by legislation known as ‘Best Interests Duty’, which means that we are legally required to always act in the best interests of our customers. We can provide you with advice that is totally unbiased and tailored to suit your current financial situation. So, when you work with a broker from Borro™, you can trust that you’re getting the best refinance deal to suit your needs.

The experienced team of mortgage brokers at Borro™ can help you successfully restructure your home loan repayments, ensuring that when you refinance, you’ll always come out in front and achieve more savings. If you’re ready to start the process of finding a better deal, then contact us today on Ph: 1300 1 BORRO™ or email: [email protected].