Refinancing for Renovations: A Wise Financial Decision?
Home renovation is a smart way to improve comfort and increase the value of your property. But remodeling isn’t cheap—and not everyone has enough cash available to fund it. That’s where mortgage refinancing can help.
At Taz Mortgage Solutions, we help Canberra homeowners decide whether refinancing is the right choice to finance their renovations. As your trusted mortgage and finance broker, we provide expert support from start to finish.
What Is Refinancing and How Does It Work?
Refinancing replaces your current mortgage with a new loan—usually with better terms or a lower interest rate. If you refinance to renovate, you can access your home’s equity and use that money to improve your property.
With expert advice from a licensed mortgage loan broker or lending broker at Taz Mortgage Solutions, you can explore your options safely and make informed financial decisions.
Advantages of Refinancing for Renovation
1. Lower Interest Rates
If interest rates have dropped since you took out your home loan, refinancing may lower your monthly repayments—even with extra borrowing for renovations. Over time, that can mean major savings.
Our expert mortgage agents compare lenders to find the most competitive rates for your situation.
2. Increase Home Value
Home improvements can significantly boost your property’s market value. Whether it’s a kitchen upgrade, new bathroom, or added living space, these changes can increase your home’s future sale price.
Our experienced mortgage broker team will guide you through estimating your equity and help you determine how much funding is available.
3. Simplify Your Budget
When you refinance to include renovation costs in your mortgage, you only have one repayment to manage—making your finances more organised and stress-free.
As your reliable mortgage lender broker, Taz Mortgage Solutions makes the process simple, giving you peace of mind and more control over your finances.
Things to Consider Before Refinancing
Refinancing offers benefits, but there are also costs and conditions to keep in mind.
1. Upfront Fees
There may be charges such as loan application fees, property valuation costs, and legal expenses. At Taz Mortgage Solutions, we provide full transparency so you can budget with confidence.
2. Longer Loan Term
Choosing a longer loan term may lower your monthly repayments but could result in more interest over time. As your trusted Refinancing in Canberra Property finance broker, we help you decide what’s best based on your budget and goals.
3. Lender Criteria
Lenders will check your income, credit score, and available equity before approving your new loan. As the best mortgage broker Canberra homeowners rely on, we support you through the approval process and ensure your documents are in perfect order.
Why Choose Taz Mortgage Solutions?
We’re more than just a mortgage broker—we’re your partner in long-term financial planning. Our licensed team of mortgage and finance broker professionals takes time to understand your renovation goals, current finances, and future needs.
Whether you need a mortgage agent, a seasoned mortgage loan broker, or a skilled lending broker, we take care of everything—from comparing lender options to structuring the right refinance plan.
We don’t work for banks. We work for you. That means unbiased advice and tailored solutions that suit your lifestyle.
Final Thoughts
Refinancing to fund a home renovation can be a wise financial move—if you have the right support and guidance. It can help you upgrade your home, increase its value, and simplify your repayment process.
At Taz Mortgage Solutions, we offer smart, flexible refinancing solutions to suit your renovation needs. Whether you’re expanding your space, modernising your layout, or improving property value—we’re here to help.
Planning a renovation?
Get in touch with Taz Mortgage Solutions—your trusted mortgage and finance broker in Canberra.
you can also review our guide:- Refinancing Your Home Loan in Canberra: When, Why & How to Do It Right