Should I Refinance My Mortgage?

When your debts are piling up and you are struggling to make repayments, mortgage refinancing may be the best solution for you.

Debt Cutter has an onsite mortgage broker who specializes in non-conforming loans. If you have been rejected by a bank or a traditional lender because of your history, we can help you!

Our team understands that unexpected life events occur but it shouldn’t mark you for life. Our broker, together with a panel of lenders, make sure they assess your application on its’ merits – what your current situation is, not just your past. This means that we can work with you to tailor a solution to suit your situation to produce an outcome that you want.

Refinancing your home loan can free up the equity you have in your home, and any other properties you own, in order to pay off your debts. Our specialist lenders can also include any tax debts and rates arrears in the refinance.

Benefits include lower regular payments for the total debts you have; only one payment per month, as well as giving you the opportunity to also do some of those repairs around the house as well as renovations and maybe pay out the car loan.


What Is Mortgage Refinancing?

Mortgage refinancing is a process where you refinance your current home, or investment property to unlock equity.

There are a number of things to consider before refinancing your property, these include:

  • How long you intend to stay in the property
  • Prepayment penalties
  • Discharge fees
  • Break fees
  • Start-up fees
  • Lenders Mortgage Insurance (LMI)

Whilst there are a number of things to consider, our friendly mortgage brokers on site are happy to talk to you about your personal situation, to ensure this solution is right for you.

Is It The Right Solution For Me?

Refinancing your mortgage may be the right solution for you if you are:

  • Struggling to meet debt repayments
  • Have a tax debt or rates arrears
  • Small business debts
  • Not eligible for traditional homes loans
  • Have credit impairments
  • Have equity in your home
  • Do not want to declare bankruptcy
Am I Eligible?

Debt Cutter is a specialist in non-conforming home loans. We can help you when others can’t.

Debt Cutter is able to assist many people with credit impairments, access quality home loans enabling them to get out of debt, or get into their new home faster.

The chances are we are able to find a home loan to suit your needs.

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