Mark Bristow

Refinancing a home loan for bad credit

Managing your finances is never easy, but this can prove especially challenging if you’ve had problems with bad credit in the past. Whether you’re doing it tough due to financial problems from circumstances beyond your control, or if you’re trying to make up for money mistakes you've made in the past, a bad credit score can cast a long shadow over your future financial dealings, including refinancing a home loan.

Five tips for refinancing your home loan

Refinancing a mortgage can be a great way to refresh your finances to better suit your current lifestyle.

Refinancing for debt consolidation

If you already have a home loan, and also owe money on credit cards, personal loans or car loans, you may be (figuratively) drowning in debt.

What is a mortgage?

Whether you are after a variable or fixed rate mortgage, or a principal and interest (P&I) or interest-only loan, shopping around for home loans can make all the difference when deciding which home loan product is suitable for you.

What happens if I miss mortgage repayments?

When we sign up for a mortgage we can get so caught up in the dream of owning a home that we haven't suitably prepared for the actual impact the repayments will have on our life. The main problem is, if you have a bad week and miss a payment, you will be stung with a fee, magnifying to your home loan repayment woes.

What do Australian credit laws do for you?

Australia has a variety of rules, regulations and laws in place to help protect citizens and their personal finances when they’re borrowing money. There are protections in place for credit card, car loan and personal loan customers, as well as for borrowers taking out a mortgage.