The process starts with reviewing your existing SMSF property loan, including the current balance, interest rate, repayments, property value and fund position.
From there, we can compare suitable refinance options across specialist SMSF lenders and identify whether moving your loan may improve the rate, repayments or overall loan structure. We manage the refinance process through application, approval and settlement.
If your SMSF already owns residential property under an existing loan structure, refinancing may still be available.
A refinance can involve moving the existing loan to another lender while the SMSF continues to hold the same residential investment property. The new lender will assess the fund, property, loan structure and servicing before approving the refinance.
The current value of the property and remaining SMSF loan balance help determine your loan-to-value ratio.
A stronger equity position may provide access to a wider range of lenders and refinance options. Each lender has its own maximum LVR requirements and property criteria.
Lenders need to see that the SMSF can continue meeting the loan repayments.
They may consider rental income from the property, employer super contributions, personal contributions and the overall financial position of the fund. Assessment methods vary between SMSF lenders.
The property still needs to meet the incoming lender's requirements.
Standard residential properties such as established houses, units and townhouses are generally more widely accepted. Location, property type, valuation and marketability can all influence which lenders may consider the refinance.
We can review your existing property and loan before approaching lenders, helping narrow the search to options that fit your SMSF structure.
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Based on the data you have supplied, we estimate you can borrow