Spend less on your home loans and more on your dreams

1300 648 175

Get a Home Loan today

Find out how we can help you

Get the Insurance you need

Find out how we can help you

Want to purchase a property?

Find out how we can help you

When the open road calls you, Call us for a car loan.

Car Loans and Finance, find out how we can help you

Take action and talk to us today on 1300 648 175

About Us

At FIA, our goal is to help hard working people acquire their dreams by developing tailored plans to help pay off debt sooner; securing a comfortable lifestyle and to build wealth

Services

We offer a unique range of services and financial products including home loans, superannuation, self managed super funds, insurance and financial advice.

Contact Us

Suite 1, Level 1,

15 Victoria Avenue

Broadbeach QLD 4218
1300 648 175

[email protected]

About Us

At FIA, our goal is to help hard working people acquire their dreams by developing tailored plans to help pay off debt sooner; securing a comfortable lifestyle and to build wealth

Services

We offer a unique range of services and financial products including Home Loans, Personal Loans, Car finance, Equipment Finance and we also align with Superannuation Advice Australia for Superannuation, Insurance and Financial Advice.

Contact Us

[email protected]
Level 2, Suite 2.01 Oasis Shopping Centre

Broadbeach QLD 4218
1300 648 175

A Rave of Refinancers

Why everyone’s doing it!?

I’m not sure what the collective noun is for refinancers; a review, a revolt, a rave… whatever it is, there are record numbers of them.

We have more time at home to look at those nagging “life admin” tasks and we’re also realising that – in such a strange economic climate – we really don’t need to be donating extra funds to lenders.
Looking at the latest data, refinancing is on trend.
In April, Australian home-owners refinanced to the tune of $12 billion^. This is a huge volume of refinancing activity. Or so we thought. Along came May and $15.1 billion worth of loans were refinanced!
That month, for the first time in Australia’s history, the value of refinanced loans was almost as high as the value of loans for property purchases.
In 30 days, 33,712 people refinanced and, interestingly, three-fifths of those refinancers changed lenders. Often I hear clients say that they’d like to stay with their bank or lender, so they want me to see if I can get them a lower rate within an institution that is familiar to them. These days, it seems that old-school loyalty is going the way of the dodo. And for the better. It’s about getting you more money in your pocket, right?
Pandemic-induced uncertainty (for both the broader economy and our own personal financial circumstances) coupled with record low rates, economic stimulus and ferocious competition between lenders for your loan has been a catalyst for borrowers to rethink their current loan.
Cuts to the cash rate to just 25 basis points in March have now filtered through to home loans, taking mortgage interest rates to record lows. I’ve been reaching out to my clients whose loans are starting to look less attractive and working with them on alternatives.

If you feel like it’s time to look at yours, don’t be a stranger. I’m only a Zoom, call, text message, or email away.

It’s worth a conversation so we can run the numbers for you.

Contact Us

 

If you have any questions
please call 1300 648 175

 

If you have had a good
Experience with us we would love it
if you left us a Google Review

 

Enquire Now

  • This field is for validation purposes and should be left unchanged.

 

Finance Industries Australia Pty Ltd ABN 81 619 871 788 is authorised under LM Broker Services Pty

Ltd Australian Credit Licence 517192.

The information provided on this site is on the understanding that it is for illustrative and discussion

purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its

content or otherwise should make their own enquiries and research to ensure its relevance to your

specific personal and business requirements and circumstances. Terms, conditions, fees and charges

may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.

Financial Advice | Home Loans Broadbeach | Home Loan Lenders Broadbeach | Mortgage Broker Broadbeach | Finance Broker Broadbeach