Why refinance your home?
A better home loan
Home loans have become far more sophisticated in recent times. Features such as offset accounts, lines of credit and account splitting can provide you with more flexibility when managing your home loan.
Macquarie's panel of lenders offers a complete range of product features that let you manage your home loan in a way that best suits you at a competitive interest rate. In addition, we provide great customer service with fast indicative approval and 24 hour access to your loan through internet and phone banking services.
- For more information about the range of home loans available see our products.
- View current interest rates.
- Use our comparison calculator to compare home loans based on interest rates and fees to see which is best suited to your needs.
Home improvements
When you’re renovating your home, you don’t usually need to pay all of your suppliers up front. Payments fall due at various intervals, so you need a flexible home loan that allows you to make payments when required.
For more information about the range of home loans available see our products.
Debt consolidation
If you have other debt at different interest rates, or savings you could use to repay them, then debt consolidation is an option to consider. Generally, home loan interest rates are lower than those for personal loans or credit cards, so consolidating your debt into your home loan could save you money.
Releasing equity for investment
Borrowing money to invest may be an effective way to build your wealth because you can increase the size of your investments and magnify the returns you achieve.
In general, because home loan interest rates are lower than interest rates on other types of loans, one of the most effective ways to access funds for investment is through your home loan. By releasing equity in your home, you can free up funds for other investment opportunities, such as investment property, shares and managed funds.
Please speak to your accountant, tax professional or financial adviser to determine how releasing equity in your home could help with wealth creation.
Tax benefits
Tax benefits may be achieved by purchasing an investment property or shares. Please speak to your accountant, tax professional or financial adviser to determine how refinancing your home loan could benefit your tax situation.
All applications are subject to the normal credit approval criteria set by individual funders. Full terms, conditions and schedule of fees are set out in the relevant loan contracts. Terms and conditions, including fees and charges, may be varied or introduced in the future. Fees and charges are payable. Government charges and taxes may apply. This information should be used as a general guide only. Potential investors should seek independent financial, legal and taxation advice before making any financial investment decision.
