Getting the Best Halal Refinancing Deal in Australia
Are you looking for halal refinancing and some cash savings?
Refinancing your home loan is like hitting the reset button. It allows you to renegotiate your mortgage and reduce your monthly repayments, or even gain access to additional funds.
Things to think about before refinancing
While refinancing can be beneficial, there are a few things you need to know before that next step.
1. Evaluate your current financial situation
Before diving headfirst into the process, check your income, expenses, and other liabilities. This will give you a better picture of what you can afford and how appealing lenders will find your application.
2. Shop around for the best halal refinancing deal out there
Use comparison websites or seek advice from mortgage brokers to explore the various offers available. This way, you can weigh up the pros and cons of each lender and select the one that suits your needs best. Also look whether they have offers such as cashback so you can save a little bit of money for renovations!
3. Keep it halal when refinancing
As interest-bearing loans are impermissible, make sure you read the fine print and understand all associated costs and payment plans. Pay close attention to fees, as they can significantly impact on your overall refinancing experience.
4. Timing is everything
Staying on top of market trends can make all the difference. Keep an eye on the Reserve Bank of Australia’s official cash rate announcements, as they often influence the property market. Refinancing during a cool property market can potentially save you thousands of dollars over the life of your refinancing plan, so it’s worth being patient and waiting for the right moment.
5. Reassess your loan structure
Take a moment to consider whether a fixed or variable rate plan suits you best. A fixed-rate loan can provide stability by locking in your structure for a set period, while a variable plan offers more flexibility. Ultimately, the choice depends on your financial goals and risk appetite.
6. Speak to a professional
Mortgage brokers are experts in their field and can assist you in finding the best deal available. They have access to a vast array of lenders and can negotiate on your behalf, saving you time, money, and headaches along the way.
Halal refinancing with us and get $600 cashback
Refinancing can be a game-changer if done right. Refinancing opens the door to endless possibilities, allowing you to pay off your mortgage faster, access additional funds, or simply enjoy some well-deserved financial breathing room.
So, what are you waiting for? It’s time to take control of your mortgage and start saving big! We are now offering $600 cashback once a minimum amount of $200,000 loan is approved. Fill up the form or call us to speak to one of our refinancing professionals to guide you.
The information on this page is provided by Hejaz Islamic Credit Solutions Pty Ltd, Australian Credit Licence 480542. Home finance rates are subject to change. The information provided is of a general information nature which doesn’t take into account your personal objective, financial situation or needs. The information does not constitute an offer to lend or imply the product is suitable for you. You should consider whether it is appropriate to your circumstance, and if necessary, seek appropriate independent professional advice.
Applications for credit are subject to approval. Lending criteria, fees and T&Cs apply. Read the disclosure documents for your selected product or service, including Terms and Conditions before deciding. See our website for more information.