In this article, we’ll break down how home loan refinancing works in Australia, step by step. We’ll cover everything from the reasons people choose to refinance to the process involved to the potential costs and benefits. We’ll also look at the common traps to avoid and how to decide whether refinancing is right for you.
Whether you’re just a few years into your mortgage or you’ve already built up a chunk of equity, refinancing can be a powerful tool to help you stay in control of your home loan and make smarter financial decisions. Let’s explore how it all works—and what you need to know as a home buyer in Australia. We will also share how working with a mortgage broker in Brisbane can get you the best refinance deal.
Let’s dive in
What Is Home Loan Refinancing?
As a first-home buyer in Australia, you probably spent a lot of time researching the best loan for your needs before purchasing your property. But just because you locked in a mortgage doesn’t mean you’re stuck with it forever. Refinancing gives you the flexibility to adjust your mortgage as your financial situation, interest rates, or goals change.
Home loan refinancing is the process of replacing your current home loan with a new one. This can be done with your existing lender or a completely different lender. The new loan pays off your old one, and you begin making repayments on the new loan’s terms. It’s essentially a financial reset that can help you take advantage of better rates, new features, or different loan structures.
How Is It Different From the Original Home Loan?
When you first take out a home loan, it’s usually based on your income, credit history, deposit, and the property’s value at that time. But life doesn’t stay the same. You might get a raise, change jobs, start a family, or improve your credit score. At the same time, the home loan market is evolving, and new offers are emerging.
Refinancing allows you to reassess your current mortgage and potentially switch to a loan that better reflects your present financial circumstances. For example, if you originally signed up for a variable-rate loan during a time of high interest rates, you might now be able to refinance to a fixed-rate loan at a lower rate—saving you thousands over time.
Unlike applying for your first home loan, refinancing is often a more straightforward process because you already own the property and have a repayment history. However, it’s still important to compare options carefully, calculate potential savings, and understand the costs involved.
Types Of Home Loan Refinancing
There are several types of home loan refinancing, each serving a different purpose:
Rate-and-Term Refinance
This is the most common form of refinancing. It involves changing the interest rate, loan term, or both. For example, you might refinance a 30-year loan into a 20-year loan or move from a high variable rate to a lower fixed rate. The aim is to secure better terms and reduce your overall repayment burden.
Cash-Out Refinance
If your property has increased in value and you’ve built up equity, you may be able to borrow more than your current loan balance and take the difference as cash. This is often used for major expenses, such as renovations, investments, or consolidating high-interest debts. However, it does increase your loan amount and requires careful financial planning.
Cash-In Refinance
This less common option involves paying a lump sum toward your mortgage during the refinancing process. People do this to reduce the loan-to-value ratio (LVR), avoid lenders mortgage insurance, or qualify for a lower interest rate.
Each refinancing type serves different goals, and the right choice depends on your current financial position, property value, and long-term plans. In the next section, we’ll walk through how home loan refinancing works step by step so you know exactly what to expect.
How Home Loan Refinancing Works: Step-by-Step Process
If you’re considering refinancing your home loan in Australia, it’s important to understand each stage of the process so you can make informed decisions and get the best outcome for your financial goals. Below is a step-by-step breakdown of how home loan refinancing works, designed specifically with Australian homeowners and buyers in mind.
Step 1 - Evaluate Your Goals
The first step in refinancing is to clearly define why you’re considering the move. Are you looking for a lower interest rate to reduce monthly repayments? Do you want to switch from a variable rate to a fixed rate (or vice versa)? Are you hoping to access equity in your home for renovations, investments, or personal use? Understanding your motivation will help you choose the right type of loan and the right lender. It’s also a great time to review your overall financial position, including your income, expenses, credit score, and current loan balance.
Step 2 - Shop Around for Lenders
Once you’ve clarified your goals, the next step is to compare home loan products from different lenders. Don’t just look at interest rates—consider comparison rates, fees, loan features (such as offset accounts or redraw facilities), and customer service reviews. Many Australians find it helpful to use mortgage brokers during this stage. A broker can guide you through the maze of available options and recommend lenders that suit your financial profile. Make sure you compare both major banks and smaller lenders, as they may offer competitive deals or more flexible terms.
Step 3 - Submit Your Refinance Application
After choosing a lender, you’ll need to complete and submit a refinance application. This step is quite similar to applying for a new home loan. You’ll be required to provide personal identification, proof of income (such as payslips or tax returns), information about your assets and liabilities, and details of your current home loan. Accuracy and completeness are key here; missing documents can delay the process.
Step 4 - Property Appraisal
Once your application is submitted, the new lender will typically arrange for a property valuation. This appraisal determines the current market value of your home, which helps the lender assess how much they’re willing to lend. The valuation is crucial because it impacts your loan-to-value ratio (LVR), which in turn can affect the interest rate you’re offered and whether you’ll need to pay Lenders Mortgage Insurance (LMI).
Step 5 - Loan Approval and Settlement
If everything checks out—from your creditworthiness to the valuation—the lender will issue a formal loan approval. You’ll receive loan documents to review and sign. After that, the lender will coordinate the settlement process. This involves paying out your existing mortgage with the funds from your new loan. Once settlement is complete, you’ll begin making repayments on your refinanced loan under the new terms.
By understanding the steps of how home loan refinancing works, you can navigate the process more confidently and unlock potential savings or financial flexibility. With careful planning and the right support, refinancing can be a smart move for your long-term financial health.
Thinking about refinancing? Talk to a mortgage broker today.
Reasons Homeowners Refinance Their Home Loan
Home loan refinancing is a common financial strategy among Australian homeowners who want to improve their financial situation or take advantage of better loan features. Whether you’re looking to reduce your repayments or tap into your home’s equity, refinancing can be a smart move. Below are some of the most common reasons Australians choose to refinance their home loan:
1. Lower Interest Rate
One of the primary motivations for refinancing is to secure a lower interest rate. Over time, interest rates in the market may drop, or lenders may offer more competitive rates to attract borrowers. Even a small reduction in your interest rate can make a big difference in the total interest paid over the life of your loan. For example, switching from a 6% to a 5% rate on a $500,000 loan can save you tens of thousands of dollars in interest. Refinancing to a lower rate often results in smaller monthly repayments, freeing up cash for other financial goals or simply easing the household budget.
2. Shorten the Loan Term
Another popular reason to refinance is to reduce the length of your loan term. For instance, if you’re currently on a 30-year mortgage and you’ve increased your income or reduced other debts, you may choose to refinance into a 15- or 20-year loan. While your monthly repayments might be higher, you’ll pay off your loan faster and save significantly on interest in the long run. This is a smart strategy for homeowners who are focused on becoming debt-free sooner or planning for retirement.
3. Switch Between Variable and Fixed Rates
Interest rate type is a key consideration for many borrowers. Some homeowners refinance to move from a variable rate to a fixed rate, locking in their repayments and protecting against potential rate hikes. Others might switch from a fixed to a variable loan to take advantage of falling interest rates or enjoy greater loan flexibility, such as additional repayments or redraw options. Refinancing gives you the flexibility to choose the loan structure that best matches your current financial situation and future plans.
4. Access Equity Through Cash-Out Refinancing
As property values rise, many Australian homeowners build up equity in their homes. Refinancing allows you to access this equity through a cash-out refinance, where you borrow more than you currently owe and receive the difference in cash. This extra money can be used for renovations, investing in property, funding a child’s education, or even starting a business. It’s a powerful way to put the value of your home to work—so long as you manage the additional debt responsibly.
5. Consolidate debt
If you have multiple debts—such as credit cards, personal loans, or car finance—refinancing your home loan can allow you to consolidate them into a single, lower-interest loan. This not only simplifies your finances but can also significantly reduce the total interest you pay. By rolling high-interest debts into your mortgage, you benefit from a lower rate and a single repayment schedule, helping you stay in control of your budget.
How Much Does It Cost To Refinance A Home Loan In Australia
In Australia, refinancing is not always free, and overlooking the associated expenses could reduce or even negate your expected savings. Here’s a breakdown of the most common costs involved in refinancing a home loan:
Refinancing your home loan can save you money, secure better terms, or unlock your equity—but it’s not free. Here’s what to expect and an approximate breakdown of typical costs in Australia:
Cost Type | Typical Range (AUD) |
Application / Establishment Fee | $0 – $750 |
Property Valuation Fee | $50 – $600 |
Discharge (Exit) Fee | $150 – $700 (avg ~$325) |
Break Fee (fixed-rate loans) | Varies widely; can be $1,000s+ |
Settlement / Legal Fees | $100 – $1,000 |
Mortgage Registration Fees | $118 – $224 per state fee |
Title Search Fee | $50 – $100 |
Lenders Mortgage Insurance (LMI) | $6,000 – $35,000+ |
1. Application and Valuation Fees
When you apply for a new loan, many lenders charge an application (or establishment) fee. This one-off cost can range from $0 to $750, depending on the lender and loan product. Additionally, your new lender will likely require a property valuation to determine your home’s current market value. This helps assess how much they’re willing to lend and whether you meet the lender’s loan-to-value ratio (LVR) requirements. Valuation fees typically range from $50 to $600, although some lenders offer them for free as part of a promotional deal.
2. Discharge Fees
Before refinancing, your current lender will charge a discharge fee (also known as a mortgage exit fee) to close out your existing loan. This fee covers administrative tasks such as preparing final statements and legal paperwork. Discharge fees typically range from $150 to $700. While this may not seem like a large sum, it’s an essential part of your overall refinancing costs.
3. Break Fees (For Fixed-Rate Loans)
If your current home loan is on a fixed interest rate, breaking out of that contract early may incur break costs. These fees compensate your lender for the loss of future interest revenue due to the early termination of the fixed-rate agreement. Break fees can be quite substantial—sometimes amounting to thousands of dollars—depending on how much time is left on the fixed term, the interest rate differential, and the size of your loan. Always check with your lender before refinancing a fixed-rate loan so you’re not caught off guard.
4. Legal and Settlement Fees
Legal and settlement costs are often involved in refinancing, particularly if you use a solicitor or conveyancer to assist with the transaction. These professionals handle paperwork, confirm property titles, and ensure a smooth legal transfer between lenders. Fees vary depending on the complexity of your refinance but typically range from $100 to $1,000. Some lenders may include these costs as part of the loan package, while others require separate payments.
5. Lenders Mortgage Insurance (LMI) – If Applicable
If your new loan has a Loan-to-Value Ratio (LVR) above 80%, you may be required to pay Lenders Mortgage Insurance (LMI)—even if you paid it on your original loan. LMI protects the lender (not you) if you default on your repayments. Since it’s based on the loan amount and your deposit size, LMI costs can range from a few thousand to tens of thousands of dollars. It’s critical to factor this into your decision, especially if you’re accessing equity or your property has dropped in value since the initial purchase.
Benefits Of Refinancing Your Home Loan
Let’s explore some of the most compelling advantages of refinancing your home loan.
1. Save Money Over Time
One of the most significant benefits of refinancing is the potential to save a substantial amount of money over the life of your loan. As interest rates change and new lenders enter the market, you may be able to secure a lower rate than the one you’re currently paying. Even a 0.5% reduction in your interest rate can result in thousands of dollars in savings over the years. For instance, if you have a $500,000 mortgage, reducing your rate from 6% to 5.5% could save you over $25,000 in interest across a 25-year term.
2. Reduce Monthly Repayments
Lower interest rates or extending your loan term through refinancing can lead to smaller monthly repayments. This can be especially helpful during periods of financial strain, such as when starting a family, dealing with rising living costs, or managing other debts. Reducing your repayments not only frees up cash each month but can also make it easier to manage your household budget and improve your financial stability.
3. Pay Off Your Mortgage Faster
Refinancing doesn’t always mean extending your loan term. In fact, it can also help you pay off your mortgage sooner. By refinancing to a lower interest rate while maintaining your current repayment amount, more of each repayment goes towards reducing the principal rather than paying interest. Alternatively, you could refinance to a shorter loan term—say from 30 years to 20 or 15 years—which increases repayments slightly but eliminates your debt much faster and with less interest overall.
4. Access to Extra Funds
As your property increases in value over time, so does the equity you’ve built up. Refinancing allows you to tap into that equity and borrow more than your current loan balance. This is known as a cash-out refinance and can provide funds for major expenses such as home renovations, buying an investment property, covering education costs, or even consolidating high-interest debts. It’s a way of putting the value of your home to work without selling it.
5. Better Loan Features
Refinancing also gives you the opportunity to upgrade your loan features. Many older loans lack the flexibility of modern mortgage products. By switching lenders or even negotiating a better deal with your current one, you could gain access to useful features like offset accounts, redraw facilities, and the ability to make extra repayments without penalties. These features can make a significant difference in how quickly you pay off your home and how much interest you ultimately save.
Understanding how home loan refinancing works is essential before making the switch, but once you do, the long-term benefits can be substantial. Whether you’re chasing lower repayments, greater financial flexibility, or faster mortgage freedom, refinancing can be a valuable step in your financial journey as a homeowner in Australia.
What Are The Disadvantages Of Refinancing Your Home?
While refinancing your home loan can offer a range of benefits, it’s not without its potential downsides. Before making the switch, it’s crucial to weigh the risks carefully to ensure that refinancing genuinely supports your long-term financial goals. Here are some of the most common drawbacks to be aware of when considering refinancing in Australia:
1. Refinancing Costs May Outweigh Savings
Refinancing isn’t free. From discharge fees charged by your current lender to application, valuation, and legal fees charged by the new lender, the costs can quickly add up. In some cases, you might also have to pay Lenders Mortgage Insurance (LMI) again, especially if your new loan has a high loan-to-value ratio (LVR). If you don’t plan to stay in your home for much longer, or if your new interest rate isn’t significantly lower, the upfront refinancing costs might cancel out any savings you’d gain from lower repayments. Always run the numbers to make sure the switch is worthwhile.
2. Longer Loan Term Can Increase Total Interest Paid
Some homeowners refinance to reduce their monthly repayments by extending their loan term. While this can ease short-term financial pressure, it can result in paying more interest over the life of the loan. For example, refinancing from a 20-year loan to a new 30-year loan may lower your monthly repayments, but the total interest paid over the life of the loan could be tens of thousands of dollars more. This trade-off may be suitable in certain situations, but it’s important to be aware of the long-term implications.
3. Impact on Credit Score
Each time you apply for a new loan, the lender performs a credit check—known as a “hard inquiry.” Multiple loan applications in a short period can have a negative effect on your credit score. While one or two inquiries are unlikely to cause significant harm, frequent applications can be a red flag to lenders. Additionally, if you’re juggling other debts or recently changed jobs, your new loan application could be declined, further affecting your credit. It’s best to compare your options thoroughly and only apply once you’ve selected a lender you’re confident will approve your application.
4. Risk of Falling for Honeymoon Rates or Hidden Fees
Some lenders offer very attractive introductory (or “honeymoon”) rates to entice borrowers, which revert to much higher rates after a short period—typically 6 to 12 months. If you’re not paying close attention to the loan’s terms, you might end up with a mortgage that’s more expensive than your original one. Similarly, hidden fees such as ongoing account-keeping charges, redraw fees, or early repayment penalties can erode the financial gains of refinancing. Always read the fine print and compare not just the advertised rate but the comparison rate, which reflects the loan’s true cost.
Refinancing can be a smart move, but it’s not a one-size-fits-all solution. Understanding both the advantages and potential risks will help you make an informed decision. By carefully evaluating your current financial position and long-term goals, you can determine whether refinancing is truly the best step forward. When in doubt, speaking with a mortgage broker or financial adviser can provide tailored advice for your situation.
How To Know If Refinancing Is Right For You
Refinancing a home loan can be a smart financial move, but it’s not always the right choice for everyone. The key is to evaluate your personal circumstances, financial goals, and how long you plan to stay in your home. Let’s explore when refinancing makes sense—and when it might not—so you can make a confident and informed decision.
When Refinancing Might Be a Good Idea
Refinancing is often worthwhile if you’re a long-term homeowner planning to stay in your property for several more years. In this case, switching to a lower interest rate can save you thousands over the life of the loan, especially if you’ve built up equity in your home. For example, if you have a $450,000 mortgage and reduce your interest rate by 1%, you could potentially save over $4,000 a year in interest. Over five years, that’s more than $20,000 in your pocket.
It’s also a smart move if:
- Your current loan doesn’t offer helpful features like an offset account or redraw facility.
- You want to consolidate other debts, like credit cards or personal loans, into your home loan.
- You’ve improved your credit score or financial situation and can now qualify for a better deal.
- You want to access equity for renovations, investing, or other major expenses.
In each of these situations, the long-term benefits of refinancing can far outweigh the costs, especially if you plan to stay in your home for several years.
When Refinancing Might Not Be Ideal
On the other hand, refinancing may not make sense if you’re planning to move or sell your home in the near future. The upfront costs—such as discharge fees, new application fees, legal fees, and potential break fees on fixed-rate loans—might exceed the savings you’d gain during your short remaining time in the property.
Let’s say you’re two years away from selling and would only save $150 a month by refinancing. If the process costs $3,000 in fees, you’d just break even. In this case, the hassle and cost may not be worth it.
Other reasons to hold off on refinancing might include:
- You’re in the middle of a fixed-rate term and would face large break fees.
- Your property’s value has dropped, affecting your equity and loan-to-value ratio.
- Your financial situation has changed (e.g. reduced income or new debt), which may make it harder to get approval for a better deal.
Try a Refinancing Calculator
If you’re unsure whether refinancing makes financial sense, a great starting point is to use an online refinancing calculator. These tools can help estimate how much you’d save by refinancing based on your current loan balance, interest rate, and loan term. They also let you factor in refinancing costs to determine your break-even point.
Understanding your situation, knowing how long you plan to stay in your home, and running a few quick calculations can help you determine whether refinancing is worthwhile. Once you understand the numbers and how home loan refinancing works, you’ll be better positioned to make a choice that truly benefits your financial future.
Common Myths About Home Loan Refinancing
Let’s debunk some of the most persistent myths about how home loan refinancing works—using facts and examples—so you can make a better-informed decision.
Myth 1: "Refinancing always saves money."
Reality: While refinancing can lead to significant savings, it doesn’t automatically guarantee a better financial outcome. The benefits of refinancing depend on several factors, including the difference between your current and new interest rates, the fees involved in switching, and how long you plan to stay in your home.
For example, if you refinance from a 6.2% loan to a 5.7% loan on a $500,000 mortgage, you might save around $2,500 per year. But if the refinancing process costs $3,000 in discharge, application, and legal fees—and you plan to move in a year—you’d actually be worse off.
Takeaway: Always calculate your potential savings against the upfront costs. Use comparison tools and speak with a broker to assess whether refinancing is truly worth it in your situation.
Myth 2: "It's too complicated."
Reality: Refinancing may seem overwhelming, but modern tools and support services have made it more accessible than ever. Many lenders offer streamlined online applications, and mortgage brokers can guide you through the process step-by-step—from comparing loan options to submitting paperwork and negotiating with lenders on your behalf.
For most Australians, the refinancing process involves:
- Reviewing your current loan.
- Comparing offers from other lenders.
- Submitting an application.
- Getting your property valued.
- Signing documents and settling the new loan.
A good broker or lending specialist will handle the heavy lifting, ensuring your experience is simple and stress-free.
Takeaway: Refinancing doesn’t have to be difficult. With professional support and the right preparation, the process can be smooth and relatively quick.
Myth 3: "You need perfect credit."
Reality: You don’t need a perfect credit score to refinance your home loan. While a strong credit history can help you secure better rates, many lenders in Australia accept borrowers with average or even fair credit—especially if you have a stable income, manageable debts, and a solid repayment history on your current mortgage.
There are also specialist lenders who cater to borrowers with imperfect credit or unique circumstances, such as self-employed individuals or those with recent defaults. Just keep in mind that interest rates may be slightly higher if your credit score is low, and some conditions may apply.
Takeaway: Don’t assume you’re ineligible. A mortgage broker can help you understand your options and find lenders that suit your credit profile.
These common myths often prevent homeowners from exploring one of the most effective tools for managing their mortgage. By separating fact from fiction and seeking trusted advice, you can confidently decide whether refinancing is the right move for you—and potentially save thousands in the process.
Frequently Asked Questions About How Home Loan Refinancing Works
1. What happens when you refinance a home loan in Australia?
When you refinance your home loan, you’re essentially replacing your current mortgage with a new one—either with the same lender or a different one. The new loan pays out the old one, and you begin making repayments under the terms of the new agreement. This can be done to get a better interest rate, access equity, switch loan types (e.g. variable to fixed), or improve features such as offset accounts or redraw facilities.
2. How much does it cost to refinance a home loan in Australia?
The cost of refinancing varies depending on the lender, the size of your loan, and the type of loan product you’re switching to. Typical refinancing costs include:
- Discharge fee (from current lender): $150–$400
- Application or establishment fee (new lender): $200–$700
- Property valuation fee: $200–$600
- Legal/settlement fees: $300–$700
- Break costs (if exiting a fixed-rate loan early): Can be $1,000s
- Lenders Mortgage Insurance (LMI): May apply if your new loan has an LVR above 80%
Some lenders may waive certain fees or offer cashbacks to attract refinancers, so it pays to shop around.
3. What are the disadvantages of refinancing your home?
While refinancing can offer benefits, there are potential downsides to consider:
- Upfront costs may outweigh the long-term savings, especially if you plan to stay in the property for only a short time.
- Extending your loan term could reduce monthly repayments but increase the total interest paid over time.
- Break fees may apply for fixed-rate loans.
- Impact on your credit score due to a new credit inquiry.
- Hidden fees or “honeymoon rates” that jump after the introductory period.
Always review the total cost over the life of the loan and read the fine print.
4. Do you get money back when you refinance a loan?
Yes, you can access cash through a process called cash-out refinancing, where you borrow more than your current mortgage balance using the equity in your home. For example, if your property is valued at $700,000 and you owe $400,000, you might refinance for $500,000 and receive $100,000 in cash. This money can be used for renovations, investments, or debt consolidation.
Note: Lenders have criteria for how much equity you can access, usually up to 80% of the property’s value without paying LMI.
5. What do you lose when you refinance?
You could lose:
- Favourable loan terms (e.g. a fixed low interest rate) from your original loan.
- Loan features if the new loan doesn’t match your current benefits (e.g. offset or redraw).
- Time on your loan—refinancing often restarts the term, especially if extended to 25 or 30 years.
That’s why it’s important to compare not just the rate but also the features and flexibility of your current and new loans.
6. Is refinancing a loan a good idea?
Refinancing can be a smart financial move if done for the right reasons. It’s especially beneficial when:
- Interest rates have dropped.
- You want better loan features.
- You’re consolidating high-interest debt.
- You plan to stay in the home long enough to benefit from the savings.
However, if the fees are too high or you’re not getting a significantly better deal, it may not be worth it. Use online calculators and speak to a broker to assess your specific case.
7. How does refinancing work with equity?
Refinancing allows you to unlock the equity in your property—essentially, the difference between your home’s market value and the balance of your current mortgage. Lenders typically let you borrow up to 80% of your home’s value without paying LMI. The equity you access can be used for things like:
- Home renovations
- Buying an investment property
- Funding education or major expenses
- Consolidating debt
This is often referred to as a cash-out refinance and can increase your loan balance, so it’s important to use the funds wisely and understand the repayment implications.
Final Thoughts: Making a Smart Refinancing Decision
Refinancing your home loan is one of the most effective ways to improve your financial position—if done strategically. Whether you’re looking to lower your interest rate, unlock equity for renovations, or consolidate debts into a single manageable repayment, the benefits can be substantial. But like any financial decision, success depends on timing, research, and understanding your unique goals.
Let’s quickly recap how home loan refinancing works. At its core, refinancing means replacing your current mortgage with a new one—either with a different lender or through a better deal from your existing lender. The new loan pays out your existing mortgage, and you start making repayments under the new terms. This process can potentially lead to lower monthly payments, faster loan repayment, access to equity, or improved loan features, such as redraw facilities and offset accounts.
However, refinancing isn’t always a clear-cut win. Upfront costs such as discharge fees, application fees, and possible break costs on fixed loans can add up quickly. You also need to consider whether extending your loan term or switching to a new product might increase the total interest you pay over the life of the loan. That’s why it’s crucial to assess both the short-term and long-term financial implications before you commit.
So, how do you make the smartest refinancing decision?
Start by clearly defining your goals. Are you looking to save money, free up cash, simplify your finances, or pay off your home sooner? Once your objective is clear, use tools like online refinancing calculators to compare different loan scenarios. These calculators allow you to model your current loan against new options, factoring in interest rates, loan terms, and fees.
Equally important is seeking professional advice. A qualified mortgage broker can provide insights tailored to your situation. They can help you navigate the vast lending market, explain complex terms, and ensure you’re aware of any risks or hidden fees. Brokers also have access to a range of lenders and may be able to secure rates and terms not available to the general public.
If you’re not ready to commit yet, the best next step is to get a refinancing assessment. Many brokers and lenders offer a no-obligation review of your current loan to help you understand your potential savings or options. This is a great way to gain clarity and confidence before making a move.
Ready To Take The Next Step?
If you think refinancing might be right for you, don’t wait. Speak with a trusted mortgage broker to request a personalised refinancing assessment today.
Our team at Hunter Galloway is here to help you refinance a home loan in Australia. Unlike other mortgage brokers who are one-person operations, we have an entire team of experts dedicated to helping make your home loan journey as simple as possible.
If you want to get started, please give us a call on 1300 088 065 or book a free assessment online to see how we can help.
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