Refinancing in Toongabbie

Review your current loan to potentially reduce repayments, access equity, consolidate debt or get better features. Local help for Toongabbie 2146 from Ram Lakshmanan, with an office in Pendle Hill.

About Toongabbie

Toongabbie buyers often weigh a townhouse near the station against a house further out. We compare how lenders treat each property type. With a mix of houses and units, it pays to know how each lender treats the property you're buying.

Also for Toongabbie: home loans, first home buyers, investment loans

Local reading: Buying your first home in Pendle Hill: a local guide; Knock-down rebuilds and granny flats in Seven Hills, Toongabbie and Lalor Park

If you haven't reviewed your home loan in two or three years, there's a fair chance you're paying more than a new customer would. Lenders often save their sharpest pricing for new borrowers.

Ram starts by asking your current lender for a better deal on your behalf where that makes sense. If switching is better, he compares the full cost including any break costs and discharge fees, so you can see the real saving.

Who this suits

Borrowers whose fixed rate is ending
Anyone who hasn't reviewed their loan recently
Owners wanting to renovate, invest or consolidate debt

What Ram helps with

A side-by-side cost comparison including switching costs
Negotiating with your current lender first
Releasing equity for renovations or investing
Managing the discharge and settlement with both lenders

Documents to have ready

You don't need everything for the first chat, but having these handy speeds things up.

Current loan statements
Payslips
Bank statements
Rates notice for the property

Questions about refinancing

Commonly two to six weeks from application to settlement, depending on the lender and how quickly the valuation and discharge are completed.

There can be discharge fees, government registration fees, and break costs if you're on a fixed rate. Some lenders offer cashback that offsets these. We include every cost in the comparison.

Guides on refinancing

Loan basics