Refinancing
Refinancing your home loan can be a smart way to reduce your repayments, unlock equity, or simply find a loan that better suits your current needs. Whether you're looking to take advantage of better interest rates, consolidate debt, or fund a renovation, we’re here to guide you through the process with clear, straightforward advice. At Ladder, we’ll compare a wide range of lenders and loan options to help you make an informed decision and ensure your refinance works for you, now and into the future.
1. Initial Chat & Understanding Your Goals
We start with a conversation to understand why you want to refinance, whether it’s to reduce repayments, access equity, consolidate debt, or switch to a better loan structure. This helps us tailor the best refinancing strategy for you.
2. Gather Information & Documents
We’ll collect key documents such as your current loan details, income, expenses, and any existing debts. This allows us to assess your financial position and prepare a strong refinancing application.
3. Loan Recommendations & Application Submission
After reviewing your situation, we compare a wide range of lenders and loan products to find options that align with your goals. We confirm with you before preparing and submitting your refinancing application.
4. Conditional Approval & Next Steps
Once you receive conditional approval, we work closely with your current lender, new lender, and conveyancer/lawyer (if applicable) to coordinate the refinance process. We keep you updated and ensure all finance-related steps progress smoothly.
5. Loan Structure & Settlement
Before finalizing, we revisit your loan structure to make sure it suits your current and future needs, discussing repayment options, redraw facilities, and flexibility. We then manage the settlement process to ensure a seamless transition.
6. Post-Settlement Support
Our relationship doesn’t end at settlement. We’re here for ongoing support, helping you review your loan regularly and explore opportunities to optimize your mortgage as your circumstances evolve.