Basically, any type of personal debt can be refinanced from one lender to another as part of a residential mortgage refinance proposal, including:

 

  Home loans

  Investment loans

  Equity access loans

  Personal loans

  Credit card limits

  Personal overdrafts

 

Business loans may be considered if the new lender is willing to incorporate such debt into their residential mortgage facility. For example, an existing business related debt may be refinanced as part of a new Equity Access Loan sub account.

Commercial loans will generally not be acceptable as part of a residential mortgage refinance proposal.

 

 

What types of loans can be refinanced?

What are the possible advantages of refinancing?

What are the possible disadvantages of refinancing?

How long does it take to refinance my existing mortgage loan?

Should I consider refinancing my existing loan(s) with my current lender?

 

 

DISCLAIMER

The following information is general in nature and has been prepared without taking into account the specific objectives, financial situation or needs of any particular individual. For this reason any individual should, before acting on this information, consider the appropriateness of the information having regard to their individual objectives, financial situation or needs. Individuals should always seek their own professional financial and legal advice to determine what action is appropriate in their particular circumstances.

Although Melbourne Mortgage Finance attempts to provide accurate and up-to-date information on this website, it makes no warranties or representations, express or implied, as to whether information provided on this website is accurate, complete or up-to-date.

Applications for Reverse Mortgage loans are subject to each lender's normal credit approval criteria. Full Terms and Conditions will appear in each lender's Loan Offer. Fees and charges will generally apply