Refinancing

Refinancing your home loan should be hassle free. With Macquarie Flyer Home Loan Services, moving your loan from your current lender will be easy and convenient.

There are many good reasons to consider refinancing. Perhaps your home loan hasn’t been able to adjust with your financial needs or you are dissatisfied with your current lender. It also may be worth refinancing your home loan if the interest and fees you save are more than the discharge fees or exit penalties you'll have to pay to leave your current loan.

Select from the reasons below for information that may apply to your particular situation.

Earn Qantas Frequent Flyer points⁺

The Macquarie Flyer Home Loan Service gives you the opportunity to earn Qantas Frequent Flyer points on your home loan. Enquire about switching loans through Macquarie Flyer today. You can find out more details of our points offer.

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.

At the Macquarie Flyer Home Loan Service we can help you access a complete range of features that let you manage your home loan in a way that best suits you, at a competitive interest rate.

Find out more information about our lenders' products.
View information on 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. This may mean you need one of the following:

A land and construction option that provides you access to funds at different intervals to suit your building or renovation requirements.
A line of credit that enables you to draw on your loan to pay for renovations up to your limit at any time.

For more information about your home loan options speak with a Macquarie Flyer Mortgage Consultant today.

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.

Step-by-Step guide

Follow our guide on how to refinance to a Macquarie Flyer Home Loan. When you are refinancing, you need to be aware that the home loan provider you're leaving may charge you fees for discharging your loan and arranging settlement. You should check your loan contract for details of these fees. In some states, government fees and charges may also apply.

Step 1: Complete our short enquiry form or call and we'll take you through it over the phone.
Step 2: We’ll advise you of our pre-approval as fast as possible and arrange for your property to be valued.
Step 3: Your property is valued.
Step 4: We advise you in writing of your loan approval – we call this formal approval.
Step 5: If approved, we instruct a solicitor to prepare the loan documents on behalf of the lender.
Step 6: The loan documents are sent to your solicitor for review and for you to sign and return to the lender.
Step 7: We'll then arrange settlement of your loan with your current home loan provider.
Step 8: Settlement confirmation is sent to you. This will also be sent to Qantas to allocate Qantas Frequent Flyer points⁺ accordingly.
Step 9: You will receive details on how to manage your new loan.
Step 10: Receive your upfront Qantas Frequent Flyer points⁺ based on the amount of the loan drawn down at settlement.

To compare products and find the home loan that suits you best, see loan types.

Use our comparison calculator to compare home loans based on interest rates and fees to see how much you can save by refinancing your home loan.

⁺You must be a member of the Qantas Frequent Flyer program to earn and redeem points. A joining fee applies. Membership and points are subject to the terms and conditions of the Qantas Frequent Flyer program.

All applications are subject to the normal credit approval criteria set by individual lenders. 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. Click here to view full terms and conditions of the offer.

The Macquarie Flyer Home Loan Service allows Qantas Frequent Flyer members to earn Qantas Frequent Flyer points on their home loan. Whether you’re a first home buyer, property investor or looking to refinance, you can benefit from competitive interest rates, flexible features and great frequent flyer rewards.

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