Home Loan Health Check
23 Jul
TODAY'S
BEST RATE
Home Loans From 5.99% Variable
With A Low 6.01% Comparison*

Bank Got Your Back? We Do!

It’s amazing how quickly our lives can change, whether it’s a growing family, a new job, or maybe just a change of pace.

No matter how your life has changed, it’s essential that your loan continues to meet your needs.

Even if you’ve had your current home loan for only a couple of years, it’s possible you could take advantage of different loan features or even secure a lower rate.

Think of a home loan health check like a doctor’s checkup for your mortgage loan. We’ll look at various factors such as conditions that have changed in the market as well as conditions that have changed in your life.

We factor in interest rates, repayment types, your current goals, income changes, and changes in inflation and the market value of your home.

It’s important to understand that personal finance factors can change dramatically in a short amount of time, so don’t think that it’s too soon for a mortgage health check. Even if you’ve only been with your mortgage for a few years, you could still be eligible for a home loan health check.

 

Happy Family discussing next home loan
construction loan

Benefits of a Home Loan Health Check

There are a number of benefits to taking a look at your current home loan and identifying areas where it could be improved.

Improved Rate

We’ll look at your current home loan rate and see how it compares with changes and fluctuations in the market. No matter what, there’s always something to compare. You can never assume that you have a favorable rate until our research says so.

Fixed or Variable Rate Changes

You may be eligible to alter the terms of your loan from a fixed to a variable or vice versa. Keep in mind that both of these have their benefits. There is never a right or wrong answer when it comes to which to choose — it simply depends on the time. If rates are high, switching to a variable rate mortgage might be the right decision.

Access More Options

Sometimes it’s not simply about the rate or the type of mortgage loan, it might be about taking advantage of various loan features. Different lenders offer different perks and features so simply inquiring and shopping around is a good idea.

 

What can you expect when you speak with us?

  • Your Home Loan specialist will find out as much as possible about your circumstances and goals, to see how we can support you.
  • You get to ask us all those burning questions you may have about home loans and home buying. Our Home Loan Specialists have a wealth of knowledge built over years of helping clients with every scenario under the sun, so they’re a great resource for you to tap into.
  • Based on your circumstances and needs, your Home Loan Specialists will use our sophisticated software to compare hundreds of home loans from a wide choice of lenders, including the big four banks.
  • Together, you’ll identify the right home loan for you based on your individual needs. Should you decide you wish to go ahead with an application, your Home Loan Specialists will prepare all of the paperwork and support you through the entire application and settlement process.
  • We’ll evaluate and compare your loan with hundreds of others by taking into account rates, fees and features to make sure you have the loan that’s right for you.

 

Get a FREE Home Loan Health Check
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Get a FREE Home Loan Health Check if you are :

  • Thinking about topping up your home loan
  • Coming to the end of a fixed rate term
  • Aiming to pay off your home sooner
  • Looking to reduce or lock in your repayments
  • Planning renovations
  • Considering buying an investment property

 

Get a FREE Home Loan Health Check

Home Loan Options

Pre Approval

Home loan pre-approval is a process by which a lender reviews your financial and credit history to determine how much money they would be willing to lend you for a home purchase. Pre-approval is not a guarantee that you will receive a loan, but it does provide an indication of how much you can borrow and the terms of the loan.

To obtain pre-approval, you typically need to provide the lender with information about your income, assets, and debts, as well as your credit score. The lender will use this information to assess your creditworthiness and calculate how much they are willing to lend you.

The pre-approval process typically takes a few days to a week, depending on the lender and the complexity of your financial situation. Once you receive pre-approval, you can start shopping for homes with the confidence of knowing how much you can afford to borrow.

Enquire for Pre Approval

First Home Buyer

A first home buyer loan is a type of home loan specifically designed for individuals who are purchasing their first home. These loans typically have features that are intended to help first-time buyers enter the property market, such as lower deposit requirements, reduced or waived fees, and government incentives.

It’s important to do your research and compare the features and costs of different loans to find the one that best suits your individual needs and financial situation. Or leave it to the experts at Fox Home Loans. We’re here to help first home buyers navigate the complex road to owning their first home.

Enquire for your First Home Loan

Home Loan Refinance

Home loan refinance is the process of replacing an existing home loan with a new loan from a different lender or with a different loan product from the same lender. The primary purpose of refinancing a home loan is usually to obtain a better interest rate or to access different loan features or benefits.

When you refinance a home loan, you essentially pay off the existing loan with a new loan, and the terms and conditions of the new loan may differ from those of the old loan. For example, you may be able to obtain a lower interest rate, switch from a variable rate to a fixed rate or vice versa, or access features such as offset accounts or redraw facilities.

Refinance your Home Loan

Home Loan Switching

Before you start the process of switching home loans, it’s important to consider why you want to make the switch. Do you want to lower your interest rate, access different loan features, or consolidate debt? Understanding your reasons for switching can help you choose the right loan product and lender.

It’s important to note that switching home loans can be a complex process, and it may be helpful to seek advice from a mortgage broker like Fox Home Loans to ensure that you are making the right decision for your individual circumstances.

Switch Home Loans

Investment Property Loans

An investment property loan is a type of home loan designed specifically for individuals who are looking to purchase a property for investment purposes rather than to live in themselves. These loans are typically used to purchase a property that will be rented out, with the rental income used to help repay the loan.

It’s important to carefully consider the costs and risks associated with investing in property and to do your research to find the right investment property loan for your needs. A financial advisor or mortgage broker may be able to provide guidance and advice to help you make informed decisions about your investment strategy.

Enquire for an Investment Property Loan

Renovation Loan

A renovation home loan, also known as a home renovation loan or a home improvement loan, is a type of home loan that is specifically designed for borrowers who want to renovate or improve their existing home. These loans can provide funding to cover the cost of renovations or improvements, which can be a more affordable way to upgrade a home than selling and buying a new property.

If you are considering a renovation home loan, it’s important to have a clear understanding of your renovation plans and budget, and to work with a reputable lender or mortgage broker who can help you find the right loan product for your needs.

Enquire for a Renovation Loan

Some Handy Calculators

Calculate Your Borrowing Power
Calculate Your Borrowing Power

Work out how much you can borrow based on your income and expenses

Calculate Now
Refinance Calculator
Refinance Calculator

Discover how much you can save by refinancing or switching home loans

Calculate Now
Stamp Duty Calculator
Stamp Duty Calculator

All it takes is a few easy steps to find out your upfront costs

Calculate Now
Property Purchase Calculator
Property Purchase Calculator

Work out how much it could cost you to purchase a property

Calculate Now
Couple signing their investment property documents

5 Simple Steps to Refinancing your Home Loan

  • 1. Enquire
    1. Enquire

    Enter some basic details in our simple online form.

  • 2. Speak with an Expert
    2. Speak with an Expert

    Discuss your refinance loan preferences and application information.

  • 3. Discuss
    3. Discuss

    Discuss the features and benefits of your proposed refinance options.

  • 4. Sign Your Documents
    4. Sign Your Documents

    With our technology, you can simply sign your loan documents electronically.

  • 5. Get Money Back in Your Pocket
    5. Get Money Back in Your Pocket

    Your refinance transition will occur when settlement is finalised. It's that simple!

5 Simple Steps to Refinancing your Home Loan

What Our Clients Say

Why Choose Fox Home Loans?

Questions about the health of your home loan?

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