Does Your Interest Rate Start With A 4 Or A 5?

July 9, 2015
| Elaine Conroy

For the month of July, Coronis Financial Services has access to very competitive rate of 3.99 per cent P.A. (variable) on new package loans of $150,000 or more.

NOW is the time to ask yourself, ‘should I refinance my mortgage for a lower interest rate’?

The potential benefits of refinancing are:

  • You will save money as you pay less interest over the life of the loan, which means…
  • You will reduce your debt in less time, which means…
  • You will own your home sooner.

Alternatively, if you want to consolidate debt, deal with a bad credit rating, buy, renovate or build a new home or simply gain more flexibility, you should also consider refinancing.

So how do you refinance? First of all, contact one of our mortgage brokers who will work through the process step by step with you in person. 

Once they conduct a free financial wealth check to ascertain your overall financial position, they will advise on what loan/ rate suits your situation best.

Depending upon the conditions of your existing loan, it may or may not be worth switching. For instance, some loans may charge large exist fees therefore the new interest rate would need to be substantially less to make the exit fee worthwhile.  

This is where the mortgage broker will earn their wage by doing all the ground work on fees and liaising with different financial institutions to ensure your lending needs are met.

So if you are interested in refinancing, or would like to talk to one of our mortgage brokers, please contact us on (07) 3105 2060 or email [email protected]


This is not an offer to lend final approval is subject to meeting the lenders credit assessment criteria and providing supporting documentation. Terms, conditions, fees and charges apply – full details on application. Prior to entering into a credit contract you should read lenders credit guide. #This rate is applicable to a new P&I only ‘Home Loan Plus’ with Freedom Package of $150,000 or more, up to 90% LVR until further notice. *The interest rate is variable. **An annual fee applies. ^Comparison rate is based on a secured loan of $150,000 or more over 25 years. WARNING: This comparison rate applies only to the example give. Different amounts & terms will result in different comparison rates. Costs such as redraw fees or early repayment fees & cost saving such as fee waivers are not included in the comparison rate but may influence the cost of the loan ~For details of the product issuer contact Coronis Mortgage & Finance.

Elaine Conroy
Article by Elaine Conroy
Elaine is a strategic communications professional with extensive experience in corporate and consumer PR and communications across a variety of industries including racing, major events and real estate. As the Communications Manager, she leads Coronis’ communication and content marketing plan…
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