Refinancing
A better rate is only worth it if the full picture adds up.
We compare your current loan against what is available now, including rate, structure, cashback, fees and flexibility, so you can see whether switching actually saves you money.
Refinance Assessment
Model your refinance position.
Adjust the inputs below for an indicative comparison, then we will run the real numbers against live lender offers on your strategy call.
Refinance Calculator
What a rate drop could save you
Based on your current balance and term, here is what different rate reductions would mean for your repayments.
These are indicative savings before switching costs. We calculate the real number, including exit fees, break costs and the rate you actually qualify for.
Indicative only. Actual rates and savings depend on your lender, loan type, property value and credit profile.
Rates compared
We compare your current rate and structure against live offers from our panel.
Break-even check
Switching cost model so you only move when the numbers work.
Debt consolidation
Card and personal loan debt folded in at home loan rates where sensible.
Annual review
We re-benchmark your rate every 12 months for the life of the loan.
Overview
See whether switching actually saves you money
A lower rate does not always mean a better deal. Cashback offers, exit fees, discharge costs, fixed rate break penalties and the features you lose in the switch all affect whether refinancing makes financial sense.
Lenders also reassess your borrowing position from scratch when you refinance. If your income, expenses or property value have changed since your original loan, your new borrowing capacity may be different to what you expect.
Our job is to run the full comparison, including the costs of leaving your current lender, the real rate and structure available from the market right now, and whether the savings over the life of the loan justify the move.
Want to know if switching is worth it? We can run the comparison across four lenders on a 15 minute call.
Rate versus total cost of switching
A lower rate looks good on paper, but exit fees, discharge costs and break penalties can erode real savings. We calculate the net position so you can see the real number, not just the headline.
How to calculate whether the rate saving covers the full switching costs
Why cashback offers can sometimes mask a higher overall comparison rate.
The gap between the advertised rate and the one you actually qualify for
Strategy Deep-Dive
What actually decides whether a refinance stacks up.
Serviceability at the new lender
Your current lender approved you under their policy at the time. A new lender reassesses everything from scratch, including income, expenses, credit file and the current value of your property.
Why some borrowers cannot refinance even with a strong repayment history
How your living expenses and HEM benchmark figures differ across lenders
The impact of any new debt or credit enquiries since your original loan.
Loan features you keep or lose
Not every loan is the same beyond the rate. Offset accounts, redraw access, repayment flexibility and the ability to make extra repayments without penalty all vary between products and lenders.
When losing your offset account costs more than the rate saving delivers
Fixed versus variable and what happens when your current fixed term ends
How a split loan structure can protect you while capturing a lower rate.
Not sure if your current loan is costing you? Ask us. It takes one phone call to find out.
Before You Apply
Six things to check before you refinance.
Not every refinance saves money. These six checks will help you understand whether switching is the right move for your situation.
01Review your current exit costs
Break fees, discharge and exit charges add up fast. Get the exact figures from your current lender before assuming the switch saves you money.
02Get a recent property estimate
Your property value sets your loan to value ratio at the new lender. A higher valuation can unlock better rates and remove mortgage insurance.
03Review your full credit report
The new lender will pull a fresh credit report. Any recent enquiries, missed payments, or buy now pay later accounts can affect your approval.
04Clean your statements up early
Three months of clean statements with consistent spending and no dishonours gives the new lender confidence in your position and your pattern.
05Calculate the real rate saving
A lower rate only matters if the savings outweigh the costs over the remaining term. We model the net position so you can see the real number.
06Compare features not just rate
Offset accounts, redraw access, extra repayment options and split loans vary by product. A cheaper rate with fewer features can cost you more.
Frequently asked questions
Your questions, answered.
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It depends on the difference between your current rate and what is available now, minus the costs of switching. Break fees, discharge fees and any fixed rate penalties need to be factored in. We run a full comparison so you can see the net saving over your remaining loan term before you commit to anything.
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In most cases, yes. The new lender will order a valuation to confirm the current market value of your property. A higher valuation works in your favour because it improves your loan to value ratio, which can unlock a better rate and remove the need for lenders mortgage insurance.
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You can, but you may face a break cost from your current lender. These costs vary depending on the remaining fixed term and market conditions at the time. We calculate the break cost upfront and compare it against the savings from switching so you can make an informed decision.
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Once we have your documents, we can lodge within a day. From there, settlement typically takes two to four weeks depending on the lender and your current loan provider. We manage the process end to end so you do not need to coordinate between the two.
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A new lender will run a credit enquiry, which can have a minor short term impact on your score. However, a single well placed application is very different to multiple scattered enquiries. We submit to the right lender first time to minimise any effect on your credit file.
Book Your Strategy Call
Find out if your current loan is costing you more than it should.
Leave a name and number and we will compare your current rate and structure against what is available right now, calculate the true cost of switching, and tell you whether the move makes financial sense.