Summary
This document is a guide detailing the Priority Refinance process offered by Westpac. It outlines the streamlined refinancing solution that allows borrowers to access new loan terms and funds more quickly than traditional methods. The guide explains that once a loan is approved, the borrower can expect to gain access to their new loan within days of returning signed loan documents. It describes the steps involved in the refinancing process, including loan application, activation of the new loan, signing loan documentation, and settlement of the old loan. The document emphasizes the importance of accurately completing required forms and provides tips for expediting the process. Additionally, it clarifies how the estimated payout figure for the old loan is calculated, including factors such as accrued interest and potential fees. The guide concludes by reassuring borrowers that their work is done once the necessary steps are completed, and it provides contact information for further assistance.
