Refinance: Is Your Mortgage Still Working for You?
The financial landscape moves quickly. A home loan that was “market-leading” two years ago might be costing you thousands in unnecessary interest today. At Classic Loans, we believe your mortgage should adapt to your life, not the other way around.
Refinancing is the process of replacing your current loan with a new one—either with your existing lender or a new one—to secure better terms, lower rates, or improved features. Preetinder Singh and our team provide a comprehensive “Mortgage Health Check” to see if a better deal is waiting for you.
Why Consider Refinancing?
With the 2026 market seeing increased competition among lenders, there are several strategic reasons to review your current position:
- Lower Your Interest Rate
Even a small reduction (e.g., $0.50) can save you tens of thousands of dollars over the life of your loan and significantly reduce your monthly repayments.
- Consolidate Debt
Roll high-interest debts like credit cards, car loans, or personal loans into your mortgage. This simplifies your finances into one single, lower-interest monthly payment.
- Access Equity
If your property has increased in value, you can “top up” your loan to fund renovations, a new vehicle, or an investment property.
- Switch Loan Types
Move from a Fixed Rateto a Variable Rate (or vice versa) to take advantage of current market trends or gain more flexibility with features like an Offset Account.
Loans
Contact Us
0451 269 825
preet@classicloans.com.au
Clyde, Victoria ( 3978), Australia
The Classic Refinance Process
We make the transition as smooth as possible, handling the administrative burden so you don’t have to.
- The Health Check
We analyze your current interest rate, fees, and loan structure against our panel of over 30 lenders.
- Cost-Benefit Analysis
We calculate the “break-even” point—ensuring that the savings from your new rate outweigh any exit fees or government registration costs.
- Application & Valuation
We manage the application and coordinate a new valuation of your property to ensure we are getting the best possible “Loan-to-Value Ratio” (LVR).
Loans
Contact Us
0451 269 825
preet@classicloans.com.au
Clyde, Victoria ( 3978), Australia
How Can You Use Your Equity?
Property Valuation
We arrange a professional valuation to determine exactly how much your home is worth in today’s market.
Usable Equity Calculation
Lenders typically allow you to borrow up to 80% of your home's value (minus your current debt) without incurring Lenders Mortgage Insurance (LMI).
Lender Comparison
We scan our panel of lenders to find the one offering the best "Top-up" rates and features, such as offset accounts.
Fast Approval
We handle the paperwork to ensure you get access to your funds as quickly as possible.