Rated 5 from 66 Reviews
Refinancing your mortgage can be a strategic move to improve your financial situation. At TAP Mortgage Solutions, we specialise in helping clients across Queensland, Victoria, and the rest of Australia access loan options from banks and lenders across Australia. Whether you're looking to access a lower interest rate, change your loan term, or release equity in your property, our services are designed to meet your needs.
Refinancing can offer several benefits, one of the most appealing being the opportunity to secure a more favourable interest rate. If your current fixed rate period is ending or you wish to switch from a variable interest rate to a fixed interest rate (or vice versa), refinancing might be the right choice for you. By accessing a lower interest rate, you could significantly reduce loan repayments, easing financial pressure. Our access to banks and lenders nationwide allows us to find better loan options tailored to your specific needs.
Another reason you might consider refinancing is to consolidate debts. By rolling multiple debts into one manageable loan amount, you simplify your financial obligations and potentially reduce overall interest costs. This can be particularly beneficial if high-interest debts, like credit cards, are part of your financial landscape. TAP Mortgage Solutions can guide you through this process, ensuring that your application aligns with your credit history and financial situation.
If you're thinking about releasing equity to buy the next property, refinancing can provide the funds you need. By unlocking the value in your current property, you can access the capital required for a new investment. Our streamlined application process ensures that you can efficiently check eligibility for special lender policies and make the most of your property's equity.
Refinancing also allows you to change your loan term. Whether you're looking to extend your term for smaller monthly payments or shorten it to pay off your mortgage sooner, refinancing provides the flexibility to adjust your loan based on your changing needs. We handle all aspects of the application process, from gathering bank statements to submitting paperwork, ensuring a hassle-free experience.
The refinance interest rates offered by various lenders can vary significantly, and our job is to help you compare these options effectively. We understand that everyone's financial situation is unique, which is why we take a personalised approach to match you with the best possible loan option. Our extensive network of contacts gives us insight into special lender policies that could be advantageous for you.
Refinancing your mortgage with TAP Mortgage Solutions can open doors to numerous opportunities, whether it’s accessing better loan options or releasing equity in your property. Our expert team is committed to helping you achieve your financial goals with ease and confidence. To explore how refinancing could benefit you, get in touch with our team today and begin your journey towards improved financial health.
Initial Refinance Consultation
A Mortgage Broker will take the time to understand your current loan situation and discuss refinancing options available from banks and lenders across Australia. We'll guide you through the next steps of the refinancing application process, ensuring you have access Home Loan options and the most competitive refinance interest rates.
Fact Find
We'll work with you to understand a bit more about your situation (including your financials, assets etc.) to make sure you will qualify for refinancing. We will also check eligibility for special lender policies that might benefit you.
Pre Approval
Once you receive pre-approval for the refinancing, you can move forward with confidence. We will outline the new loan amount, interest rates (both variable and fixed), and any potential interest rate discounts. Whether you are looking to reduce loan repayments, consolidate debts, or change your Home Loan term, we ensure you access loan options from banks and lenders nationwide.
Settlement
During the settlement process, your existing loan will be paid off, and your new loan will be drawn down. We will assist you in understanding all associated costs, including any fees or charges related to the refinancing.
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Sam
Troy is absolutely fantastic and such a pleasure to deal with. Incredibly knowledgeable with finance and spends as much as time as you need to go through all the finer details and work out what will best suit your needs. Can't recommend Troy enough, I have been and will continue to use him for finances as he just takes the hassle out of it all while still getting great deals and saving money! It's a win-win being with Troy
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Sam
Troy has been fantastic. I've been with him for a few years now with finances and each time we need to organise something or have a question he is on straight away and always willing to help. Its really nice to know when it comes to dealing with this type of thing, I have someone in my corner who I can trust and rely on
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Tegan Edmondson
10/10 It is always such a pleasure working with Troy. He provides us with such amazing service with excellent communication! Highly recommend Troy and will continue to use him well into the future.
A mortgage broker will recommend a product based on what you say is most important to you – for example, “pay my loan off quickly” or “guaranteed repayments” or “low cost”. We do however, live by the following; “if you want flexibility take a variable rate loan, if you want budget certainty, take a fixed rate loan, if you want both, then do a split loan.”
Lenders will only sell you their own products. Each bank (or lender) has a variety of loan products on offer – low doc, package loans, loans with re-draw facilities, plant and equipment loans, fixed rate loans, interest only, interested in advance, variable, introductory variable… and so on. The issue you face as a consumer is ‘which loan is right for me?’ And that is where your mortgage broker becomes an invaluable resource!
If you go direct to the bank, you will only be offered the loan options available through that one lender. As your mortgage broker, we do all the leg work to find the right loan for your needs. We are across many lenders and all of their loan products, and our sole purpose is to find a suitable loan to match your personal financial circumstances and goals.
We are Connective Brokers and we have access to many lenders. This means we can source you a loan from different lenders to provide you with a variety of options that are suitable for you and your situation.
There are specific factors that need to be considered when determining how much a customer can borrow, such as income, employment position, the deposit saved, current living expenses and any liabilities. Our borrowing calculator can give you a rough idea of how much you may be able to borrow. For a more accurate assessment, please give us a call and we can go into your options and discuss your circumstances in more detail.
Mortgage brokers do not set rates. The Reserve Bank of Australia meet on the first Tuesday of every month to determine the official cash rate for the country. The lenders then use this information to set their own rates. Lenders also adjust their rates according to their costs and other economic considerations.
Some brokers charge a fee for their service which they must disclose to you up-front before you engage their services. However, the costs of the loan are the same. These costs depend on the loan and lender you choose. If you want to save on loan costs, just tell us. We can locate loan products from the lenders with the lowest fees and charges.
Mortgage brokers are qualified finance industry professionals. They work with you to determine your borrowing needs and objectives, and to help you determine how much you can borrow. Brokers help to ensure that you don’t take out a loan that is not right for you. Like your solicitor, accountant or financial planner, we are specialists in what we do and will provide you with a suitable finance solution to help you achieve your goals. With a mortgage broker, you can expect a more personalised level of service than you would usually receive directly from a lender.
Additionally, our brokers have access to finance products from a wide variety of lenders. This means your broker can compare lending products from different lenders to find a loan that’s just right for you.
Some mortgage brokers charge a fee for their services and some don’t. When you take out a loan via a mortgage broker, it does not cost you more in loan repayments. Brokers get paid a commission by the lender for bringing new business to them, but this does not impact your interest rate. Some brokers charge a fee for their service. They must disclose this fee upfront to you so that you know what it will cost if you engage their services.
Absolutely not. First of all, there is very little difference between the commissions paid by the various lenders. There is also legislation in our industry called the National Consumer Credit Protection Act (or NCCP), that is designed to protect consumers and ensure ethical and professional standards in the finance industry. We tell you upfront what commission we will be getting from the lender. Our job, our only job, is to find a competitive loan for your needs and objectives.
Sure thing! We are mobile brokers so we can come to you.
The primary advantage of using a broker for financing large purchases beyond property is the ability to secure finance tailored to your specific financial circumstances and needs. For depreciating assets, the right financing can potentially save you money on interest and fees or help maximise your tax benefits.
Not sure what type of loan suits your current financial situation? That’s where we come in. We provide customised finance solutions selected from a panel of leading lenders, ensuring your loan is working in your best interest. Contact us today to discover how we can assist you.
The Trustee for QLD Mortgage and Finance Trust ABN: 75 374 008 331. Credit Representative #465891 is authorised under Australian Credit License #389328.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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