Home loans

Refinancing

Whether you’ve had your home loan for a few years, or your family situation or household income has changed, it is always a good idea to do regular ‘health checks’ on your finance situation.

On your own this can be a daunting task, with some many loan products to review. In addition, making the switch to another bank or lender can be a difficult and costly decision, which can set your financial position backwards.

At Loan Studio, our dedicated home loan experts will guide you through the refinance process and work with you to find a solution to suit your individual needs. Our home loan experts can guide you through Renovation Loans, saving on set up and exit costs, obtaining better interest rates, improving your cash flow, comparing home loan products and answer your questions.

To get you started we have collated all of the questions we have been asked by our Upgrader clients, check out our FAQs, or download our handy Refinancing Checklist.

Renovation Loans

If your family is expanding, or you just need that extra packing space as the garage can’t store anything else... We will help you to organise a loan to finance your renovations or extension but also do a health check to ensure you have the most suitable loan to fit your changing needs.

Getting a renovation loan specialist involved in your plans early can help you to establish a realistic budget for your renovation, and to ensure you can successfully complete your project and start enjoying it, without running short of funds half way.

There are a few ways to fund your home renovation depending on your current loan situation;

  • Use the equity in your home and top up the loan or re-draw on additional historical payments,
  • Refinance your current home loan to achieve a more efficient solution,
  • Choose a Construction Loan with to enable progressive fund draw down,
  • Line of Credit or Personal Loan suited for smaller renovation projects.

#AskLoanStudio

With hundreds of videos, fact sheets and blog articles #AskLoanstudio is your very own financial info hub. 
Take a look at our recent articles on Home Loans.

Blog 1100x733 wage growth

How well has your salary kept up with house prices?

You’ve probably noticed that house prices in Australia consistently outstrip growth in wages. But by how much? And what can you....
Read More >
Blog 1100x733 rates history

Think property prices will dip when rates rise? Don’t bet the house on it

Whether you’re looking to buy, sell or hold, there’s a good chance you’ve wondered whether the property market will tumble....
Read More >
Blog 1100x733 open banking3

Open banking is ramping up, so how are lenders using your data?

Open banking is here and it’s charging full steam ahead. So just how are lenders and fintechs using your shared data in this....
Read More >
Blog 1100x733 cash rate hike

Wheels in motion: RBA paves the way for early cash rate rise

Mortgage holders are facing a sooner-than-expected cash rate rise after the Reserve Bank of Australia (RBA) revised its outlook....
Read More >

Want to compare home loan products?

Find the right home loan product for you

Compare now

Questions about Refinancing?

Speak with us