SMSF Refinance Special – Limited Time Only
Refinancing to reduce your rate
There are two versions of this, and most self-employed borrowers qualify for one of them.
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The step onto prime. A low doc loan is priced for uncertainty. Once you have 12 to 24 months of clean repayments and current financials, that uncertainty is gone, and many clients qualify for a mainstream product at a materially better rate. However, nobody at your current lender is going to ring and tell you this.
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A sharper low doc. If your financials are still not there, you are not stuck. Pricing across the low doc panel varies more than the advertised rates suggest, and moving to the lender that reads your profile best often achieves most of the savings anyway.
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Before we recommend either, our mortgage brokers at Low Doc Loan Experts (LDLE) check the switching costs, discharge fees and any fixed rate break costs. Count on us to tell you when staying put is the better answer.
Refinancing to consolidate debt
Business owners tend to accumulate debt in more places than employees do: credit cards, equipment finance, vehicle loans, and ATO liabilities.
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Rolling those into your home loan replaces several high-rate repayments with one lower-rate repayment, and the cash flow improvement is immediate. An ATO debt in particular can often be consolidated at a fraction of the interest charge the ATO applies.
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Now the part we will say and most lenders will not. Home loan rates are lower, but home loan terms are long. Moving a three-year equipment facility onto a 30-year mortgage cuts the monthly cost while raising the total interest, and it converts unsecured debt into debt secured against your home.
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It works when the freed-up cash flow is used deliberately, which is why we set up the consolidated portion on a shorter separate split as a matter of course. If we do not think it is the right move for you, we will say so.
Need an accountant who understands alt-doc lending?
Refinancing usually needs either current financials or a fresh declaration, and that is where a lot of self-employed borrowers stop.
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Returns go unlodged. An accountant is unfamiliar with alt-doc lending policy and does not know what the lender is actually asking for. Or they are reluctant to sign a generic bank form because of the liability that comes with signing it. Meanwhile, you keep paying the rate you were trying to leave.
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At Low Doc Loan Experts, we remove that friction. We maintain an established network of qualified accountants who understand how self-employed cash flow works and what lenders need to see. If you do not have an accountant, or yours will not sign off, we will introduce you to someone who will.
SMSF Refinance Special – Limited Time Only
Why refinance through Low Doc Loan Experts
Refinancing is where mortgage brokers earn their keep, because the whole exercise is comparing a wide panel against one specific position.
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We are not aligned to a lender. You get a free loan review, a figure in dollars for what a switch is worth, and a straight answer including "stay where you are" when that is the right call. If it does stack up, we handle the application, valuation, discharge and settlement, then review it again each year.
Questions we get asked before the first call
There is no minimum waiting period, though the benefit usually arrives once you have 12 to 24 months of clean repayment history, since that is what opens up mainstream pricing. If your rate is clearly uncompetitive, it is worth reviewing sooner.
Not always. Current financials open the widest range of options, but a clean repayment record on your existing loan carries real weight on its own. We will tell you which lenders will move on repayment history and which will insist on the paperwork.
Only if you are borrowing above 80% of the property's value again. If your property has grown in value, or your balance has fallen, you can refinance comfortably under that threshold and avoid the risk fee entirely. It's worth checking before you assume.
Often yes. Specialist lenders assess these positions properly rather than declining on sight, and the circumstances matter. Tell us the full picture upfront so we approach the right lender the first time rather than collecting declines on your credit file.
SMSF Refinance Special – Limited Time Only
Refinancing to release equity
Usable equity is generally 80% of your property's value less what you owe. Refinancing turns it into cash or an available facility.
What our clients use it for:
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Working capital or expansion, without the rates a business facility would charge
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Clearing a tax debt that is limiting what the business can do
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A deposit for the next property, held as a separate split
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Renovating, which often beats moving once duty and selling costs are counted
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Lenders will want to know the purpose and, for larger releases, may want quotes or contracts, so our mortgage brokers tell you what to gather before the application rather than during it.
