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However, there are some things you can do to streamline the process so you get your results as quickly as possible.
It can take anywhere from a few days to 6 weeks or more to refinance. The timeline is different with every lender.
There are a number of other factors that can influence how fast the process is for you, including:
Being aware of what can hold up the refinancing process for you can help you plan and avoid any pitfalls. Some of the common factors that might make the refinancing process longer for you include:
For more details on the process, see our step-by-step guide on how refinancing works.
The best chance of making sure your refinancing experience is speedy is to present yourself as the ideal applicant. Here are a few tips to help you do this:
Remember, even when your application is perfect, delays can still happen. If quick refinancing is important to you, speak to one of our home loan managers for tips.
There is no fixed rule for how often you can refinance your home. It comes down to whenever is right for your unique situation and there are a few key factors to keep in mind, including:
Why refinance your home? Refinancing can be a great money-saving solution for when your circumstances change or you feel you're not getting the best rate. However, always do your due diligence on costs versus savings before committing to a new loan.
Refinancing could save you money or give you greater financial flexibility, but there are costs involved. It's important to understand these to be certain that refinancing is a smart financial choice for you.
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This article is intended to provide general information of an educational nature only. This information should not be relied upon as financial product advice as it does not take into account your individual objectives, financial situation or needs. You should consider the appropriateness of the information to your own circumstances and seek independent legal and financial advice prior to making any investment choice. There are risks associated with any investment and this document is not intended to list all of them in respect to any particular investment opportunity. Prices, levels and indications contained in this document are illustrative only and may not represent future performance. HSBC does not warrant or represent the performance of any investment opportunity.
Disclaimer: Credit provided by HSBC Bank Australia ABN 48 006 434 162. AFSL/Australia Credit Licence 232595. Home Loan Terms (PDF), Personal Banking Booklet (PDF), Fees and Charges (PDF), and lending criteria apply. This article does not take into account your personal or financial situation. Please consider a relevant Product Disclosure Statement, available at hsbc.com.au or by calling 1300 308 008 before making a decision about this product.
