Make Your Home Work for You

Love Your Home. Just Not Everything About It?

Dreaming of a new kitchen, finally tackling that outdated bathroom or transforming your backyard into somewhere you actually want to spend time?

Whether you're planning a small makeover or a major home improvement project, Loaned Finance can help you explore renovation loan options without automatically adding more debt to your mortgage.

Before You Refinance Your Mortgage, Read This.

Using your home loan to fund renovations might seem like the obvious choice. After all, mortgage interest rates are generally lower than personal loan rates.

But a lower interest rate doesn't always mean a lower overall cost.

If you add $30,000 in renovation costs to your mortgage and repay that amount over another 25 or 30 years, you could end up paying significantly more interest than you would with a shorter-term renovation loan.

Refinancing may also involve additional fees, and extending your mortgage term can increase the total interest paid.

• A separate renovation loan may allow you to:
• Keep your existing mortgage untouched.
• Repay renovation costs over a shorter timeframe.
• Avoid extending your home loan term.
• Keep renovation repayments separate from your mortgage.
• Avoid using your home as security for the additional borrowing, where an unsecured loan is available.

The smartest option isn't always the one with the lowest advertised interest rate. It's the one that makes sense for your circumstances and total borrowing costs.

From Small Makeovers to Big Transformations

Renovation finance isn't just for major building projects. Depending on the lender and loan purpose, we can help explore funding for:

• Kitchen and bathroom renovations
• Outdoor entertaining areas, decks and patios
• Landscaping, fencing and swimming pools
• Flooring, painting and interior upgrades
• Solar panels and energy-efficient improvements
• Home offices and general property improvements
• Repairs and maintenance projects

You Don't Need to Have Everything Figured Out

Maybe you're self-employed, have recently changed jobs, have a less-than-perfect credit history or simply want to understand what you can comfortably borrow.

With access to 43 lenders, we can explore different lending criteria, loan terms and repayment options to help find a renovation finance solution that suits your plans.

Our team brings over 21 years of finance broking experience, helping customers navigate lending options without unnecessary confusion or financial jargon.

Renovate Now. Repay With a Plan.

A beautiful renovation shouldn't come at the expense of your financial peace of mind.

We'll help you compare available renovation loan interest rates, fees and repayment terms so you understand the potential costs before making a decision.

And because we're real people, not an automated call centre, you'll have someone to speak to when questions pop up.

Ready to Turn Those Pinterest Boards Into Reality?

Let's talk renovation finance (07)5433 0088

info@loanedfinance.com.au