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Comparison rates above are based on a home loan of $150,000 for 25 years. WARNING: The comparison rates are true for the example given only and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

Important Information:

Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. It does not take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you may be able to afford may change at any time without notice. For Fixed Rate home loans, break costs may be payable which can be significant if you change the whole or part of your fixed rate loan or where additional or early repayments are made during the fixed rate period.

All applications are subject to lender assessment and approval. Cashback offers may be provided by some lenders and may only be available for particular products, terms and conditions apply.

© 2025 Ello Lc Pty Ltd ACN 662 742 645. Australian Credit Representative Number 544008. Ello is a Credit Representative of QED Credit Services PTY LTD (Australian Credit Licence number 387856).

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What Is The Minimum Credit Score For A Cash Out Refinance?

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Cover image for What Is The Minimum Credit Score For A Cash Out Refinance?

Refinancing your home loan in Australia and considering a cash-out refinance? Understanding the minimum credit score requirement is crucial to determine your eligibility. Typically, the minimum credit score for a cash-out refinance is around 600, although some lenders may accept lower scores. It's important to note that a higher credit score increases your chances of loan approval.

Lenders assess various factors, including credit history, income, and more, when evaluating cash-out refinance applications. Credit score is just one aspect considered in the approval process. Moreover, remember that the minimum credit score requirement may vary among lenders. To secure the best deal, it's advisable to compare lenders and their specific requirements.

However, the minimum credit score is not the sole criterion lenders consider. They also take into account factors such as income, debt-to-income ratio, and other financial information to assess your application.

If you're considering a cash-out refinance for your home loan in Australia, understanding the minimum credit score requirement is essential. While the general guideline is around 600, shopping around and comparing lenders is crucial to find the most favorable terms.

At Ello Lending, we understand that refinancing your home loan can be overwhelming. Our team of experienced mortgage brokers is here to assist you throughout the process. We'll help you navigate the complexities, understand your options, and find the best loan for your unique needs.

If you have any inquiries regarding refinancing your home loan in Australia, feel free to reach out to us. We're dedicated to providing expert guidance and helping you secure the optimal home loan. Contact us today to get started on your refinancing journey.

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How is Stamp Duty Calculated on Off the Plan Purchases?

Stamp duty rates for off the plan purchases vary across Australian states and territories. In Victoria, the rate is 4.5%, in Queensland, it is 4%, and in New South Wales, it is 3.5% for off the plan apartments. Stay informed about the latest rates as they may change over time. Our experienced mortgage brokers at Ello Lending can provide guidance and support in understanding stamp duty calculations. Contact us for assistance.

Cover image for Calculating The Stamp Duty on an Off the Plan Purchase NSW

Calculating The Stamp Duty on an Off the Plan Purchase NSW

Discover how to calculate stamp duty for an off the plan purchase in NSW and get expert guidance from Ello Lending, your trusted mortgage broker. We'll help you navigate the complexities of stamp duty and find the right home loan for your needs. Contact us today for personalized assistance and turn your off the plan property dreams into reality.

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Is Debt Consolidation Only for Credit Cards?

Debt consolidation is not limited to credit cards; it encompasses various types of debt, including personal loans, medical bills, and student loans. It aims to simplify finances and potentially reduce interest rates and monthly payments. At Ello Lending, our mortgage brokers can provide personalized guidance on debt consolidation options to help individuals manage their debts effectively.

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