Process of re-financing

Hi community,

I would like to re-finance my existing home loan (with a chance of getting some cash out of moving to a better deal)

However, i got my home loan when I had a job (I am back to uni now), would I still have chance of re-financing my home loan even I am job less now?

 

with no income, no chance

 

Best thing to do is contact your existing lender to try to negotiate the interest rate. You won't get the additional funds, but could save some $$$

 

Lending money to a consumer with no income is a perfect way to get onto A Current Affair and Today Tonight.

As Chris mentioned best to negotiate with your current lender for a better rate.

 

Hi Chris,
Thanks for your advice.
But my current loan is a two year fixed rate ending in Feb next year.
I will probably still have to stick with the current rate and see what I can negotiate after when the fixed term is ended.

 

Hi Tony,
Thanks for your advice.
But my current loan is a two year fixed rate ending in Feb next year.
I will probably still have to stick with the current rate and see what I can negotiate after when the fixed term is en

 

So even if you could, you would've been up for break costs as you're currently fixed, which would likely negate any benefit of refinancing anyway...
What's your rate?