How refinancing works
Refinancing replaces your existing home loan with a new Unloan home loan. Here’s what to expect.
1. Apply for your Unloan
Our simple application is completed online. You’ll provide details about yourself, your finances, your property and your existing home loan.
You’ll also need to provide supporting documents so we can verify your identity and income.
2. We assess your application
We’ll assess your application against Unloan’s lending requirements, including your financial position and the property you’re using as security.
We can generally assess the value of an existing property digitally, without an in-person valuation.
3. Review and sign your loan documents
If your application is approved, we’ll send you your loan documents to review and sign. Depending on your state, you’ll likely be able to sign them digitally.
4. Discharge your existing home loan
Before your refinance can settle, your existing mortgage needs to be discharged.
We’ll work with your current home loan provider as part of the switch, but you’ll generally need to complete a discharge form with them. Your existing lender may also charge discharge, exit or break costs.
5. Your Unloan home loan settles
At settlement, your existing loan is paid out and your mortgage moves to Unloan. From there, you’ll make repayments on your new Unloan home loan.
On average, existing Unloan refinance customers have taken around five to six weeks to get from application to settlement.
Need help?
The easiest way
Log in and reach out via live chat.
Prefer email or phone?
No problem. You can also contact us:
Email: [email protected]
Request a callback: 1300 630 000
Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Full terms and conditions will be set out in your loan offer, if an offer is made.
This information is general only and doesn’t take your personal financial situation into account. Consider seeking independent financial advice before making a decision.