View the FAQ's
or submit your own question below.
If you have any
questions you wish to ask about MARS Finance® Pty. Ltd., Loan Products
we offer or about purchasing a property, you can obtain an answer by
completing the following email or simply phone us. All
correspondence is strictly confidential.
We have placed a few popular questions below and all enquiries
currently have 2 loans against our residential house property, one of
which is a personal home loan and the other a business loan that is
at a higher interest rate. My question is can we refinance both loans?
you can and the costs to refinance are minimal. Depending on the Lending
value of your residential home against the total loan amount.
currently have a variable rate loan and am looking at refinancing my
existing loan and also seeking an increase of $90,000.00. I am also
considering fixing $300,000.00. Can you suggest if this is a good idea
is always an option to consider fixing part or all of your loan(s),
however when considering this alternative you should look at the following
I repay increased amounts/bulk reductions during the course of the fixed
rate period? Yes. Penalties could apply, should you wish to payout the
fixed rate portion before the maturity date. Therefore your short to
long term goals are a consideration as to the term of the fixed rate.
Also the reason why you are considering fixing part/all of your loan
is knowing that the repayments you are going to pay are considered acceptable
irrespective of the variable rate (market rate) further decreasing or
increasing during the course of your fixed rate period. Obviously should
the variable rate increase during the course of your fixed rate period
this would be to your advantage.