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Home Loan Refinancing

Is your home loan
working as hard as you are?

If you haven't looked at your rate in the last two years, there's a very good chance you're overpaying. We'll run the numbers honestly, and if switching makes sense, we'll make it happen.

Get your real numbers Run the calculator
The maths

Small rate differences add up
to real money.

$3,000+
potential annual saving from a 0.5% rate cut on $600K
$60K+
potential saving over a 20-year loan term
~2 wks
average time to complete a refinance, subject to lender assessment

Example only based on a $600,000 loan. Actual savings depend on your loan balance, rate difference, remaining term, and applicable fees. These figures are illustrative and do not constitute a financial projection or guarantee.

The honest guide to refinancing

Refinancing gets a lot of hype, and for good reason. Australians collectively pay billions in excess interest every year by staying with a lender who knows they won't bother to switch. Banks count on your inertia. We work against it.

When should you refinance?

There's no fixed rule, but here are the signs it's time to have a conversation:

  • You haven't reviewed your rate in 2+ years
  • Your fixed rate term is ending in the next 3–6 months
  • Your income or financial situation has improved since you took out the loan
  • Your property has increased in value (improving your LVR)
  • You want to access equity for renovations or an investment
  • Your current lender's service has been rubbish

When it's NOT worth refinancing

We'll always tell you the honest answer, and sometimes that answer is "stay put." Here's when refinancing doesn't make sense:

  • You're on a fixed rate with high break fees that outweigh the savings
  • You're planning to sell within 12–18 months
  • The rate saving is less than the switching costs (we'll calculate this for you)
  • You've recently missed payments (wait 6–12 months first)
What does refinancing actually cost?
Switching costs typically include: discharge fee from your existing lender ($300–$400), new loan application fee ($0–$600, often waived), government charges ($200–$300), and valuation ($0–$300). Total is usually $500–$1,500. We'll calculate your exact "break even" point, the point at which your monthly savings outweigh the switching costs.

Cash-out refinancing, using your equity

If your property has gone up in value since you bought it, you may have equity you can access. People commonly use this for home renovations, investing in a second property, paying off high-interest debt, or as a financial buffer.

This doesn't mean taking on more debt than you can handle, we'll make sure the numbers make sense before recommending anything.

How we handle refinances

1
We review your current loan
Tell us your existing lender, rate, and balance. We'll immediately see where you stand relative to the market.
2
We calculate your real savings
We factor in switching costs, your remaining loan term, and competitive rates available to give you an honest dollar figure.
3
We handle everything
If you decide to proceed, we handle the application, discharge of the old loan, and settlement. Most refinances take 2 weeks from start to finish.
Find out what you could save
Tell us your current rate and loan balance. We'll run a free comparison in minutes and show you where you stand.
Get your real numbers Run the calculator
What we need from you
  • Current interest rate
  • Outstanding loan balance
  • Remaining loan term
  • Approximate property value
FAQ

Refinancing questions.

Technically as often as you like, but frequent refinancing can trigger credit enquiries and switching costs that erode your savings. Most people refinance every 2–5 years, or when their fixed term ends. We'll tell you when the timing genuinely makes sense.
Every formal credit application results in a credit enquiry, which can slightly impact your credit score. However, this effect is typically small and short-lived. We minimise the number of enquiries by identifying the right lender before submitting.
Yes. Self-employed refinancing can be more complex, lenders want 2 years of tax returns and financial statements, but it's absolutely doable. We work with lenders who understand self-employed income and assess applications more flexibly.
Some lenders offer a cashback payment (typically $2,000–$4,000) to borrowers who switch to them. While attractive, we always check the underlying rate, a cashback with a higher rate often costs more over time. We'll show you the full picture.
Free, no-obligation rate check

Find out if you could be
paying less, today.

It takes 15 minutes. We'll show you what you could potentially save, and whether switching may be worth it.

Get your real numbers Run the calculator