Refinancing Your Mortgage: Is It the Right Move?

Refinancing your mortgage can be a game-changer, offering opportunities to save money, access equity, or restructure your loan to better fit your needs. By replacing your current home loan with a new one, you could secure lower interest rates, reduce monthly repayments, or consolidate high-interest debts into a single, manageable loan.

For instance, refinancing a $500,000 mortgage from 6.5% to 6% could save you $165 per month—adding up to nearly $50,000 over 25 years. It’s also a practical way to unlock equity for renovations or investments.

However, refinancing comes with costs like application fees, valuation fees, and potential break fees for fixed-rate loans. Consulting a mortgage broker can help you navigate these challenges and find the right loan for your goals.

Work with experts who aim to be the best mortgage broker in Hobart and beyond—ensuring your refinancing decision is informed and beneficial.

How is Stamp Duty Calculated in Tasmania?

Stamp duty in Tasmania is calculated as a percentage of the property’s purchase price. The amount you pay depends on the property’s value. Read on for a breakdown of how stamp duty is calculated.

Security guarantee loans offer a practical pathway to home ownership by allowing a family member or related party to provide additional property equity as security for a loan. This approach can help borrowers secure a larger loan amount, avoid costly Lenders Mortgage Insurance (LMI), and potentially access better lending terms.

As with other states, stamp duty in NSW is calculated as a percentage of the property’s purchase price. The amount you pay depends on the property’s value.

Bridging finance is a solution tailored for Australians navigating the often challenging process of buying and selling properties. Whether you're downsizing, upsizing, or dealing with specific financial situations like inheritance or separation, bridging loans can offer the flexibility to make transitions smoother.

At Three Capes Finance, we specialise in helping clients make sense of bridging finance, ensuring every step is clear, tailored to your needs, and aligned with your financial goals.

Whether you’re starting your property investment journey or expanding your portfolio, having the right loan structure is essential for maximising returns.

Is it time for your family to upsize?

Use our guide to arm yourself with the right information and plan.

The First Home Guarantee (FHBG) offers an incredible opportunity for Australians to step into the property market with just a 5% deposit, while avoiding the hefty cost of Lenders Mortgage Insurance (LMI).

Unlike some government housing initiatives, the FHBG is not an equity share scheme—you retain full ownership of your home.

Here’s everything you need to know about how the FHBG works, who can apply, and why it could be the key to your homeownership goals.

Buying your first home?

It can seem overwhelming. We know it was for us.

Whether it’s knowing the common pitfalls or making sure you are taking advantage of any available government schemes, found out how we can help make the process smooth and easy.

Having a great mortgage broker by your side can make a huge difference.

If there’s one thing we all value, it’s time and money. With interest rates expected to ease in the coming year, now is the perfect time to make sure you’re securing the best deal on your home loan—or confirm that your current loan is still the right fit.

Many homeowners and buyers are re-evaluating their options. Navigating the lending landscape can be time-consuming and overwhelming, but a mortgage broker’s expertise ensures you can make informed decisions efficiently and confidently.

This article covers six ways a mortgage broker can save you time and money, especially in today’s evolving interest rate environment.

Learn some of the ways they can help you achieve your property dreams and protect you from some common pitfalls.

When Should You Consider Refinancing?

The mortgage market is more competitive than ever, offering homeowners plenty of opportunities to save money. Interest rates fluctuate daily, and banks are eager to attract new customers.

Refinancing your home loan could mean accessing a lower rate, better features, or improved flexibility.

It’s our aim to always be recognised as the best mortgage broker in Hobart & across Australia by helping homeowners like you secure the best deals and save money.