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Who We Service
Mortgage Broker for Refinancers
If you haven’t reviewed your loan in the past two years, there’s a strong chance you’re paying more than you need to. We compare across our panel and tell you honestly whether refinancing makes sense — including the costs, the savings and how long the break-even takes.
Your Situation
When It’s Worth Reviewing Your Loan
Most home loans drift onto worse-than-market rates over time. Banks don’t proactively give existing customers their best price — they save the best pricing for new customers they’re trying to win. So if you signed up two, three or five years ago, the rate you’re on probably looks nothing like what the same lender (let alone competitors) is offering today.
The typical refinance saves a borrower between 0.30% and 0.80% — sometimes more — on their interest rate, which on a $500,000 loan translates to roughly $1,500 to $4,000 a year in interest saved. Over a 25-year term, that’s serious money. But refinancing also has costs: discharge fees from your current lender, application fees with the new lender, valuation, legal and (occasionally) LMI if your LVR has crept above 80%. We model all of these so the savings number is real, not hypothetical.
Refinancing isn’t only about chasing a lower rate. It’s often the right time to restructure — releasing equity for a renovation or next purchase, splitting between fixed and variable, switching to a lender that offers a 100% offset account, consolidating non-mortgage debt, or extending the loan term to reduce monthly repayments. The ‘right’ refinance depends on what you’re trying to achieve, not just headline pricing.
Services Relevant to You
Finance Services for Refinancers
The core service — review your existing loan, compare to the market, and switch if (and only if) the maths supports it.
Learn more →Roll high-interest debts (credit cards, personal loans, car loans) into your home loan as part of the refinance — done honestly.
Learn more →Refinance investment loans — often with a different lender from your owner-occupier loan to preserve tax-deductibility clarity.
Learn more →Refinance into a low doc loan if your income situation has changed since you originally borrowed.
Learn more →If you’re refinancing to release equity for a deposit, get pre-approval for the next purchase as part of the same conversation.
Learn more →How We Help
How We Help Refinancers
We start by understanding why you want to refinance — chasing a rate, releasing equity, consolidating debt, restructuring, or all of the above. Each goal points to slightly different lenders and product types, and most refinances achieve more than one. Getting the goal right shapes the whole conversation.
We model the all-in numbers. Headline rate is one input; comparison rate is better; total cost over the next 3 or 5 years is best. We work out the savings (in dollars), the costs of switching (in dollars), the break-even point (in months) and the value of any non-financial benefits (offset, fixed/variable split, lender service). If the break-even is longer than you’re realistically going to be in the home, we’ll tell you.
We never push you to switch unless it makes sense. About one in five refinance reviews we do ends with us telling the borrower ‘you’re actually on a competitive deal — stay where you are’. That’s the right answer when it’s the right answer. We’re paid only if we settle a loan, so we have a soft commercial incentive to recommend switching — but recommending a switch that doesn’t help you is short-sighted and ruins our reputation. We won’t do it.
FAQ
Refinancing Questions
How much does it cost to refinance?
Typically $500 to $1,500 in switching costs all-in: discharge fee from your current lender ($300–$500), application/establishment fee with the new lender ($0–$595 depending on the deal), valuation ($0 if covered by the new lender, otherwise $200–$400), legal fees on the new mortgage ($150–$350). If your new LVR exceeds 80%, LMI applies and can add several thousand. We’ll itemise the cost in dollars before we proceed.
Will refinancing hurt my credit score?
Refinancing involves a credit enquiry, which can have a small short-term impact on your score (typically 5–10 points for a few months). The impact is much smaller if you only apply once with the right lender rather than shotgunning multiple applications. The longer-term effect is generally neutral or slightly positive, as a settled refinance demonstrates continuing good credit behaviour.
Can I refinance to release equity?
Yes — if your home’s value has grown and your loan balance has dropped (through repayments), the equity can be released as cash at settlement, used to fund a deposit, renovation, debt consolidation or other purpose. The new lender’s LVR cap (usually 80% to avoid LMI) and your serviceability will determine how much equity you can practically access.
How long does refinancing take?
Typically 3–6 weeks from application to settlement of the new loan. Some lenders are faster (sometimes 10–15 days for straightforward refinances); some are slower. We’ll give you a realistic timeline based on the lender we recommend and your specific circumstances.
Can I refinance if I’m self-employed?
Yes — refinancing works the same way for self-employed borrowers as for PAYG, with the same documentation requirements as for new lending. If your income has grown since you originally borrowed, refinancing can be particularly worthwhile because you may now qualify for sharper pricing or higher LVR. We assess this regularly.
Get an Honest Refinance Review
Free consultation. Tell us your current lender, current rate, current balance and what you’re trying to achieve. We’ll come back with a clear yes or no on whether refinancing is worth it.
Get a Free Consultation