Fortnightly repayment calculator
Clearly identify what your repayments will be with our simple weekly and fortnightly repayments calculator.
Refinance to the right loan
Establishing long-term financial security is a journey and there is no better vehicle than well managed property. We learn and grow as our properties do, but it’s inevitable that circumstances change, rates move and our priorities shift over time.
At Mortgage Navigators, we understand that using loans in a smart, strategic way is the key to building wealth through property. No one should accept that your current loan will suit your needs for the duration. Knowing when to switch is just as important. That’s when refinancing can help tilt the scales back in your favour.
It’s quick, it’s easy and obligation free to compare your current loan against hundreds available on the market.
The navigator way
We believe the most reliable way to create financial security is through property. We know because we are owners and investors ourselves, having built and managed portfolios over decades. We exist to help you reach your financial goals through smart decisions with your property.
Whatever your situation, our experienced team are ready to find the right loan for your home or portfolio. We have deep connections with a wide range of lenders, big and small so we have all the options available. Our team combine their experience with a suite of sophisticated tools to monitor the market, so you can be assured we’ll find the right loan for your unique needs.
Loan comparison calculator
The key to getting the right loan is to ensure your deal continues to stack up against other loans on the market.
Loan repayment calculator
Set a manageable budget with a clear breakdown of what your payments will be each cycle.
Frequently asked questions
Is refinancing worth it?
Each situation is different and it depends on who you refinance to, how much you might save, your equity and financial situation, the costs and the features you're after.
Comparing apples with apples
Is it just the rate which is important, or other features you would like to consider like redraw facilities or offset accounts? We all want a lower rate on our home loans, but be clear on what is important to you or the issues you’ve experienced with your current loan you’d like solved with refinancing.
How much will it cost?
It is important to factor in all costs involved, like exit fees with your current financial institution and break costs for a fixed rate home loan, plus new loan set up fees and monthly fees with your new lender. How much equity you have can also make a difference: if your home’s equity is under 20%, you may need to pay lenders mortgage insurance (LMI) on the new loan.
Should I change to a fixed rate loan?
As always, every situation is unique but it’s important to consider what you plan to do over the next 5 years. What you have in mind will influence what you should do with your loan.
If stability and clarity on your repayments is important, than a fixed rate loan can be a good solution. However, if you would like to get ahead of payments and commit more to the Principal, than a variable loan may offer you the flexibility you need.
The benefits of a fixed rate loan are that the repayments are set, making it easier to budget. You’ll also be protected from any potential interest rate rises.
If these things are important to you, consider refinancing to a fixed rate loan.
When can I refinance my loan?
You can generally refinance a home loan at any time through the life of a loan, but remember that your current lender may charge a break cost if you leave before any set terms expire.
We recommend reviewing your home loan against current market offerings every 18 months. There is no obligation to switch, but by being informed you can make sure you’re always getting the right loan for your home.
What’s the refinancing process?
Each situation is different and it depends on who you refinance to, how much you might save, your equity and financial situation, the costs and the features you're after.
Comparing apples with apples
The best thing is, comparing your current loan against the market is fast, free and carries no obligation to switch. Using our suite of sophisticated tools, you can scan the market quickly and securely, with advice from our experienced staff who are across all the fine print and costs.
A valuation will be completed using comparable sales from the areas to see how much your property has grown while you’ve owned it. From there, our team will work alongside you to ensure the new offer really is the right loan for your home. With our deep connections to a wide range of lenders, we can get you fast approval in days instead of weeks, so you can start saving sooner.
If you’re unsure about any step of the process or would like to kickstart your refinancing today, get in touch with one of our mortgage experts today.
Extra costs to consider on your home loan
Don’t get caught out by hidden fees. Factor in all costs on your home loan to ensure you can grow your wealth with minimal surprises.
Home loan health check
No home loan is set and forget. Have a regular check up on the health of your home loan and reap the benefits of making sure you always have the right loan for the right home.
Using redraw and offset accounts to your advantage
Redraw facilities and offset accounts can help you make serious savings over the life of your loan. But which is best? We break down how to navigate these two mortgages saving tools.
Experience the navigator way
The right home needs the right loan and our experienced team can help you get there.
Get in touch
An experienced team dedicated to making your financial dreams come true. Get in touch to experience the best way to build wealth through property.
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Take the next step in building the lifestyle you want through a well managed property portfolio. Our team are ready to help you build wealth for the long-term.
