Refinancing made simple
Assured Group Established 1988
Contact us about refinancing
HOW TO REFINANCE
We understand that refinancing can be confusing and how to refinance may seem like a complicated process. So many people don’t even know where to begin. At Assured, we make things simple. We believe outlining the process in a simple, easy to follow step-by-step guide will help prepare you.
Below is a simplified guide to refinancing or if you would like a more in-depth version, simply scroll down the page to find out more.
Talk to our professional finance consultants over the phone and complete a finance check in just 15 minutes.
We have access to over 30 bank and non-bank lenders, (including the big 4), and over 1,400 product options.
We’ll determine and explain all the benefits to you after calculating any fees to refinance or consolidate any debt.
We’ll submit your loan application and take you through the process to settlement to make everything easy and simple for you.
1. Enquire
Make an Enquiry with Assured.
Simply call us on (08) 83 600 200 or alternatively submit an enquiry form on our website and we will contact you.
2. Consultant chat
Your Assured Consultant will have a chat about your current situation and financial goals. They will want to know the reason for refinancing (e.g lower interest rate, unlock equity, consolidate debt or would like more flexibility with your loan). Understanding the reasons for refinancing will help find the right loan for your situation.
3. Appointment confirmation
Your Assured Consultant will arrange a time and date to meet with you. You will receive an email with anything you need to have ready for the appointment such as identification, pay slips and bank statements.
4. Appointment with consultant
At the appointment your consultant will discuss with you your requirements for the loan and will obtain all the details required for an application.
5. Explore loan options
You will be provided with loan options and your consultant will explain each product to you. You should carefully consider all available loan options, including interest rates, additional features and costs, and aim to match your financial goals. You can then make a decision as to which product you would like to go ahead with that will best suit your goals and situation.
6. Application finalisation
Your Assured Consultant will finalise your application and provide your application to you for review and signing.
7. Submission to lender
Loan application submitted to lender. (It can take 1 – 10 days to receive an approval depending on the chosen lender). Your Assured Consultant will keep you updated on the status of your application.
8. Conditional Approval
If you are issued a conditional approval this means that the lender requires more documents to support your application.
9. Property Valuation
Your lender may require a valuation to be done on your property. Your consultant will advise you if this is required.
10. Unconditional Approval
Congratulations your loan has been fully approved by the lender. It indicates that your application is not subject to any conditions by the lender.
11. Mortgage documents issued
Your mortgage documents will be issued by the lender and your Assured Consultant will arrange a meeting with you to read over and sign the documents.
12. Prepare for loan settlement
When your current lender has determined the exact date of settlement, they’ll issue a final payout figure for your old mortgage. Your new lender will agree upon a settlement date and pay out your outstanding loan balance.
13. Settlement
Your new lender will transfer the title deed to your property from your previous lender and will also lodge a discharge of Mortgage document with the Land Titles Office. Your new home loan is then used to pay off your current home loan.
Lending criteria, terms and conditions apply. Information is offered as an example only. This content is not be taken as legal, financial or real estate advice.