Refinancing

Assistance With Refinancing in Darwin

Unlock Equity, Lower Rates

Refinancing is the process of replacing an existing loan with a new one that has different terms, typically with the goal of obtaining better interest rates or more favourable payment options. At Rauseo Group, our finance brokers offer refinancing solutions for individuals and businesses alike. With our extensive network of lenders, we can help you secure better terms and potentially save money on your current loans. If you have multiple loans or debts, refinancing can help consolidate them into one manageable payment. If you've built up equity in your property, refinancing can allow you to access those funds for other purposes, such as home renovations or investments. Lastly, by refinancing, you may be able to secure lower interest rates.


Contact us today to learn more about how we can assist you with refinancing. Based in Palmerston, our team sees clients from across Darwin.

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Steps to Refinancing

Refinancing with one of our finance brokers involves several key steps:


  1. Assessment: Begin by reviewing your current financial situation and the terms of your existing loan. Determine your refinancing goals, such as lowering monthly payments, reducing interest rates or changing loan terms.
  2. Broker Consultation: Meet with our finance brokers to discuss your needs and objectives. The broker will evaluate your financial status, credit score and existing loan conditions.
  3. Loan Options: Your broker will search for and present you with various refinancing options from different lenders that match your criteria.
  4. Application Preparation: Once you choose a suitable option, your broker will help you gather the necessary documents (e.g., proof of income, property valuation, current mortgage statements) and assist with the loan application process.
  5. Submission: Your broker submits the application to the chosen lender and manages communications on your behalf.
  6. Approval & Closure: If approved, the broker will guide you through the closing process, including reviewing and signing the final loan documents. The new loan will pay off the existing mortgage, and you’ll begin making payments under the new terms.


Throughout the process, your finance broker acts as an intermediary between you and potential lenders, offering advice and simplifying the refinancing process.

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When to Consider Refinancing

While refinancing may offer several benefits, it's important to carefully consider whether it's the right option for you. Some scenarios where refinancing may be worth considering include:


  • Your Credit Score Has Improved: If your credit score has significantly improved since you first obtained your loan, you may be able to secure better interest rates through refinancing.
  • Your Financial Situation Has Changed: If you've received a raise or have seen an increase in income, refinancing can allow you to make larger or more frequent payments and potentially pay off your loans sooner.
  • Interest Rates Have Decreased: If interest rates have decreased since you first obtained your loan, refinancing can help you take advantage of those lower rates.
  • You Have Multiple Loans or Debts: Consolidating your loans through refinancing can help simplify your monthly payments and potentially lower overall interest rates.


Overall, refinancing can offer several benefits, but it's essential to discuss your options with a finance broker who can evaluate your individual circumstances and provide personalised advice. Get in touch for a consultation.

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Frequently Asked Questions

  • How much does it cost to refinance?

    Refinancing can help you secure a lower interest rate on your home loan, consolidate debts or even pay off your loan faster. However, there are some hidden fees. These include the discharge, application and settlement fees.

  • Does it cost to use a broker?

    In almost all scenarios you are not required to pay a fee for our services. Instead, we’re paid a commission by the lender you choose. Get in touch if you have any questions.

  • What is a good interest rate?

    Each interest rate depends on the loan type, repayment plan and several other factors. This means a good interest rate for you may not be a good interest rate for someone else. 


    Get in touch today to find out which loan type, repayment plan and lender will give you a competitive interest rate for your needs.

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