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.

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