Why people refinance
- A lower interest rate — new-customer rates are often well below what existing borrowers pay
- Fixed rate ending — avoid rolling onto a higher revert rate
- Consolidate debts — roll high-interest credit cards or car loans into one repayment (taking care not to extend short-term debt over 30 years)
- Release equity — for renovations, an investment deposit or other goals
- Better features — offset accounts, redraw, or splitting fixed and variable
Is refinancing worth it for you?
Refinancing isn't always the right move. We compare your current loan against the market, including discharge and application fees, any break costs on fixed loans, and lender cashback offers, then show you the real saving over one, three and five years. Sometimes the best result is to ask your current lender for a better rate, and we'll tell you if that's the case.
What you'll need
- Your latest home loan statements
- Recent payslips (or tax returns if you're self-employed)
- Details of other debts and your living expenses
- Photo ID — we'll send you a secure online form to upload everything
Our refinance process
Frequently asked questions
How often should I review my home loan?
At least once a year, and always when a fixed rate is about to end or your circumstances change.
Will refinancing hurt my credit score?
Each application leaves an enquiry on your credit file, which is why we choose the right lender first rather than applying to several.
Can I refinance if my property value has dropped?
Often yes, but it depends on your loan-to-value ratio. Above 80% you may need to pay LMI again, so we'll check the numbers first.
How long does refinancing take?
Typically 2–4 weeks, depending on the lender and how quickly the documents come in.