Refinancing

Is your fixed rate nearing its end? Concerned about the impending mortgage cliff or feel you’re overpaying with your current lender? Let us assess your situation and provide you with an honest, expert opinion.

Refinance for Better Home Loan Rates

Are you concerned that your current home loan rate is too high or uncertain about its competitiveness? There’s a chance to save significantly on your yearly interest expenses and enhance your monthly repayments by refinancing your mortgage to a more favorable rate with flexible terms. Additionally, you might qualify for a cashback offer from your new lender, adding an extra benefit. OVM Finance assists in pinpointing personalized options tailored to your needs and handles all the intricate details to ensure a seamless transition.

Certain lenders, comparison platforms, and online calculators might exaggerate the potential cost savings of refinancing just to attract your attention. At OVM, our commitment is to establish genuine and enduring relationships, prioritizing long-term connections over one-time transactions. Working collaboratively, we’ll assess whether refinancing your home loan genuinely aligns with your best interests. Our aim is to present you with a comprehensive breakdown of costs and potential savings, ensuring transparency and accuracy in our evaluation.

Navigate the Refinancing Process Effectively

With an array of refinancing possibilities, you may be asking yourself: where should I start? Prior to delving into the offerings from our lender panel, we engage in a discussion about your current situation. We analyze the information you provide and model suitable options, often arranging a complimentary bank valuation if necessary. Subsequently, we typically approach your existing lender, providing them an opportunity to enhance your interest rate and potentially retain the deal, before suggesting refinancing for your home loan. Ultimately, the goal is to pursue refinancing only when the savings are evident and clear.

Utilize Your Home Equity for Home Loan Refinancing

In most instances, having equity in your property is a prerequisite for successfully completing the refinancing process. The standard benchmark is typically 20 percent equity, commonly used by most banks and lenders. However, with a robust credit record and rating, it is possible to explore refinancing even without equity.

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Exploring Cash-Back Options

Banks are luring borrowers with cash-back incentives for refinancing, ranging from $1,000 to $4,000. However, it’s crucial to consider the broader implications. Contact OVM Finance to find the most suitable cashback offers. We’ll compare costs and benefits using our advanced software and extensive experience with over 30 major banks and lenders to tailor solutions to your needs

How to Assess the Need for Home Loan Refinancing

In a market with rising interest rates, it’s crucial to regularly monitor your current interest rate to ensure its competitiveness. Your current lender is unlikely to inform you if there’s a potentially more suitable and cheaper rate available, which is where our distinctive approach proves valuable. As an OVM client, enjoy annual loan structure reviews for ongoing competitiveness. We work behind the scenes, engaging with your lender to secure the most competitive interest rate

Reviews

We take pride in being a financial group you can genuinely rely on, guiding you from the initial consultation to our annual reviews conducted years after your settlement. Our enduring commitment to personalized services and fostering strong relationships is designed for long-term success. If you seek evidence, look no further than our authentic five-star reviews from satisfied clients. Rest assured that choosing OVM Finance Group is a decision backed by the positive experiences of our valued clientele.

Anthony
Anthony
2024-11-06
Worked with Will as a first home buyer. He made the process as straight forward as possible, given so many variables we were working with. He was open, transparent and knowledgeable of his industry. Thanks to will, my first investment property is secure and my property portfolio was able to commence. Thanks again Will.
Jason Carey
Jason Carey
2024-10-22
Will from OVM dealt with my lengthy pre approval due to having guarantors. I asked a lot of him. Will was exceptional. Informative, very responsive and always looking at ways to get me the best deal. Friendly and personable. Would not hesitate to recommend to others.
Jessica Webb
Jessica Webb
2024-10-01
Azem was my broker through the purchase of my first home, from occasional check ins to understand the process, to answering my many questions, with easy to understand comprehensive answers. My concern going through the process was that I knew nothing, however Azem ensured I had the answers, and understood why, without making me feel like an idiot. Azem is a pleasure to work with and I would 100% recommend him to everyone
PLab Productions
PLab Productions
2024-09-27
I can’t thank Azem from OVM Finance enough for the incredible work he did for us. He navigated all the hoops and obstacles and made our dream of owning our first home a reality. Before finding Azem, we contacted several mortgage brokers—some told us we’d have to wait at least two years to even apply for a loan, while others said it simply wasn’t possible due to our personal circumstances. We had lost hope and had given up on the idea of buying a house altogether. Then, through a personal connection, we were lucky enough to find Azem, and he was an absolute godsend. What really stood out to me was how Azem treated our home-buying journey as if it were his own. That’s a rare and special quality—he made our dream his mission and worked relentlessly to make it happen. Not only that, but he also secured us a great rate from the bank—more than 1% lower than what another broker had offered us. I’ve already recommended Azem’s services to a couple of friends who are looking to buy, and I wouldn’t hesitate to do so again in a heartbeat. Thank you, Azem, for helping us achieve such a huge milestone in our lives!
Michaela Egan
Michaela Egan
2024-08-15
OVM Finance was a great help during my first home buyer journey. I contacted OVM well before I was ready to buy, and they gave me a great idea of how much savings I needed, what my borrowing capacity could look like, and what grants I was eligible for. Azem was always ready to answer my questions and explore many different routes to buying, and guided me through the settlement process every step of the way. I would highly recommend using OVM for a broker if you are looking to finance a property in the future.
Angus Cassidy
Angus Cassidy
2024-07-26
Azem at OVM Finance has been amazing throughout my first home buying journey. Incredibly supportive, knowledgeable and extremely patient with all my questions, he made my journey as stress-free as buying a house could be! I highly recommend Azem, thank you so much for helping me buy my first home!
Bodhi Pearce
Bodhi Pearce
2024-05-14
Very professional and immensely helpful. The team at OVM always go above and beyond for me.
Asaph Hoi
Asaph Hoi
2024-05-02
Jakob was incredibly helpful helping me navigate the home loan and approval process since the start. He was very precise and informative every phone call and meeting we had. Jakob was also able to answer my queries with ease, would highly recommend.
Josh Guy
Josh Guy
2024-04-24
My partner and I have just gone through the process of purchasing our first block of land and building our first home. We had the hardworking Azem as our mortgage broker and we couldn't recommend him enough! It has been a stressful process for us but Azem has worked around the clock to make sure everything worked out for us. Without him, we would wouldn't have been able to get through this and wouldn't be in the position we are today. We strongly recommend Azem to anyone who is after a hard working, dedicated, respectful and client first broker. You will not be disappointed! Thank you so much Azem!
Ali Alnajar
Ali Alnajar
2024-04-22
I first got into touch 2 years ago when I was entering the property market for the first time. Having no experience myself and not much knowledge, Jakob made the entire process as smooth as possible, always putting your needs and wants first ahead of everything. While making sure you’d always get what you wanted, he was upfront, honest and was realistic with my expectation and didn’t “sell” me a dream. I’ve had stayed in touch with Jakob until then and my build is just about to completed, and I will continue to stick in future ventures. Would highly recommend!