Outlook Finance · Refinance

Refinance Your Home Loan

Most Australians overpay on their mortgage by $200-$400 a month because they signed up years ago and never checked. We’ll tell you in 10 minutes if refinancing saves you money.

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15+ Years Experience

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Current rates

See our published variable rates and fees across every product.

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The problem

Loyalty tax: you’re probably overpaying

Banks reserve their best rates for new customers and quietly slide existing customers up over time. The longer you’ve held your loan, the more likely you’re paying 0.3%-0.8% above what’s available right now. On a $700,000 loan, 0.5% is about $3,500/year out of your pocket.

The Outlook way

We benchmark you against lenders in 10 minutes

Send us a recent loan statement (or just tell us your rate, balance, and lender). In 10 minutes we’ll tell you: yes, you can save $X/year by switching to lender Y, OR no, you’re already on a competitive rate and refinancing isn’t worth the costs. Honest answer either way.

How it works

Three steps. Roughly 30 minutes.

1

Apply

Tell us your situation in a 2-minute online form, or call for a 10-minute chat. No documents needed yet — we just want to understand what you are trying to do.

2

Assess

We compare every product on our lender panel against your situation, then walk you through the 2-3 best options including realistic rates, fees, and turnaround times.

3

Approved

We package and submit the application, chase the lender, and keep you informed at every step. Most clients are unconditionally approved within 5-10 business days.

Frequently asked

Common questions about refinancing

How much can I save by refinancing?+
On a $700,000 loan, each 0.25% rate reduction saves about $1,750/year. Most clients we refinance save 0.4%-0.7% — that's $2,800-$4,900/year for the life of the loan. The break-even point (after switching costs) is usually 3-9 months.
How much does it cost to refinance?+
Switching costs typically: $200-$400 government discharge fee from the old lender, $300-$500 settlement fee at the new lender, sometimes $300-$800 valuation if not waived. Many lenders offer cash-back ($2,000-$4,000) which can fully cover or exceed the switching costs.
Will refinancing hurt my credit score?+
Each application creates a credit enquiry which can dip your score 5-15 points temporarily. We pre-qualify you against multiple lenders without applying first, then submit only to the chosen one — so the impact is one enquiry, not several. Score recovers within 6-12 months of clean conduct.
How long does refinancing take?+
Standard refinance: 4-6 weeks from application to settlement. Fast-track refinances (some lenders offer 2-3 week settlements) are available if you have all documents ready. We submit applications digitally where possible to keep things moving.
Should I fix part of my loan when I refinance?+
Depends on your view of rates and your need for flexibility. Fixed gives certainty but limits offset use and extra repayments. A common structure is split: 60%-70% variable (with offset) and 30%-40% fixed for 2-3 years. We model both scenarios before you commit.

Get a Free Assessment

Talk to a broker today — no cost, no obligation.

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Or call 1300 432 961 · Mobile 0481 712 907 · Email info@outlookfinance.com.au · Mon-Fri 9am-6pm AEST