What is the process for refinancing a home loan? How long does it take to refinance my home loan?
The refinancing process is similar to what happens when you apply for any new home loan. The main difference is the settlement date and loan details are more flexible because you aren't tied to a property transfer. This means many of the details can be locked in pretty quickly and at a time that best suits you.
We have a quick and easy 3-step process to help you get ready to refinance.
Get the documents you’ll need to verify your income, expenses and liabilities ready
Make a list of your assets, and their current value
Find the right deal, and apply
Home loans from digital lenders are a popular option for home buyers looking for an alternative to traditional banks. Digital lenders such as 86 400 can offer a home loan up to 6 times faster than the Big 4 banks.
How? They offer unconditional approvals in under 24 hours for completed applications, electronic ID checks, electronic income and expense verification and all loan documents are issued and signed electronically. Now might be the time to consider a digital lender.