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The RBA has cut interest rates twice this year
Has your bank done the same for you?

If you have had your home loan for over 2 years, you may be on an

uncompetitive interest rate.

Find out how much you can save

We promise to get back to you within 4 business hours

Why should you refinance now?

Many lenders reserve their most competitive rates for refinancers with equity in their property. That is why it’s always a good idea to review your home loan every few years, just to be sure you’re still getting a competitive deal!

Especially with the recent Reserve Bank of Australia announcements of increasing cash rates across Australia, the big banks are only set to increase interest rates dramatically over the next couple of months.

So, NOW may just be the BEST TIME to consider refinancing your mortgage!

Plus, did you know that some banks will actually give you money to refinance your mortgage with them? So, you can benefit by switching to a lender that has a competitive interest rate and get a cash rebate for doing so.

Cash Rebate


A Better Interest Rate


A Happy You

What we'll do for you

Compare Thousands Of Home Loans.

Clearly Explain Loan Features, Options, Fees & Charges.

Show You How We Could Save You Thousands When You Refinance.

Take The Hard Work & Stress Out Of The Home Loan Process.

Why should I refinance my loan?

Reduce your home loan repayments

If interest rates have changed since you got your original home loan, you could be able to refinance into a new loan with a lower rate. This can save you thousands of dollars over the life of your loan.

Consolidate your debt

Pay out your credit card and personal loans under your mortgage. Pay off all of your deebts with one home loan repayment and a single, lower interest rate.

Increase your loan and take cash out

Has your house now gone up in value? Refinance your home loan to get access to some extra cash for investment or personal use.

Renovate your home

Kitchen or bathroom looking a little tired? Access your home equity to fund some renovations and give your home a new lease on life.

How to refinance your mortgage

Get a free Home Loan Health Check

We will compare hundreds of home loans with your current loan to make sure you’re getting the best deal.

Find out how much you can save

Your broker will crunch the numbers and figure out whether you’ll be better off refinancing.

We’ll do all the paperwork for you

Once you’ve chosen you loan, we’ll do everything required to submit the loan and get it approved.

Why do I need a broker if I can get a loan through my bank?

Compare these two options when refinancing your loan:

Refinance with Hunter Galloway

Apply directly to a lender

How much does it cost to use a broker?

Our services are completely free for all home and investment loans. We get paid by the lenders for doing the work, collating your loan application and meeting with you. This work would otherwise be done by a bank manager or branch lender so you get access to the same rates as if you went to the lender directly.

The advantage for you is that unlike when dealing with one bank, we can help you work with a wider variety of lenders and get the best options that work for you choosing from our panel of over 30 banks and lenders!

Would you like to learn about your options?

Case study: Mark and Joanna

Mark and Joanna were able to save $6,500 per year on their loan repayments and received a cash rebate of $9,000.

The situation:

Mark and Joanna had been with their bank (one of the big four) for over 10 years. Joanna had heard of their friends who went to another bank, got paid a $3,000 rebate and saved 0.50% on their interest.
They went to their bank directly to renegotiate thier loan. The bank told them there wasn’t anything they could do.

The solution:

They came to Hunter Galloway for a second opinion. We reviewed their situation and saw that their rates were pretty far outside the market. Here’s what we were able to negotiate for them:

Original home loan rate: 3.00%.

Refinanced home loan rate: 2.78% (saving 0.22%)

Original investment loan rate: 3.84%

Refinanced investment loan rate: 3.33% (saving 0.51%)

Across a total loan portfolio of $1.3 million dollars, we were able to save them $6,500 per year – $130,000 in savings over the 20 years that remained on their loans. We also secured them a $9,000 refinance rebate from the bank across their three properties.

Frequently Asked Questions

Refinancing refers to the process of changing your existing home loan for a new one. You can refinance your loan with your current lender, or more commonly, you transfer your loan to a new bank.

Refinancing refers to the process of changing your existing home loan for a new one. You can refinance your loan with your current lender, or more commonly, you transfer your loan to a new bank.

When you take you a new home loan, you will use some or all of the funds from the new loan to pay out your current loan. Once you have paid off your existing loan, your mortgage with your current bank will be closed and you will start making repayments to your new lender. In order to refinance your loan you will need to complete the following steps:

  1. Shop around for a new loan (or save yourself the trouble and have one of our friendly mortgage brokers shop around for you). Once you find the right lender and the right home loan, you will start the application process.
  2. When you begin the application process, the lender will complete an initial assessment to make sure that you can afford the new loan. They will want to take a look at supporting documentation such as payslips and your current home loan statements. Once completed, assuming that you qualify, they will issue a conditional approval for your loan.
  3. Next, the bank may order a property valuation. This valuation will determine how much you can borrow and whether your property is an acceptable security for the loan.
  4. Once the valuation and any other conditions have been reviewed, the bank will unconditionally approve your loan and send contracts for you to sign and return.
  5. The bank will contact your previous lender to arrange a changeover of the loan once they receive your signed contracts. This changeover process is called settlement and occurs on a date mutually agreed upon by the banks.
  6. On settlement day, your old loan will be paid out and the title of the property will be handed over to your new lender.
  7. Once settlement is complete, you will start making repayments to your new bank.

Refinancing your home loan can open up a lot of different opportunities for you to better manage your finances, including:

  • Consolidate your debt into one repayment (for example, personal loans or credit card debt)
  • Get a better home loan product with more flexible features
  • Reduce your loan repayments by securing a lower interest rate
  • Invest in shares or property using the equity of your home
  • Unlock some extra cash to renovate your home
  • Repay your mortgage faster
The timeline for refinancing is generally 3-6 weeks, depending on a few variables.
It’s generally a good idea to review your mortgage every two years, depending on your circumstances.

Absolutely. Many borrowers refinance their loans at a higher loan amount. You can use this to fund other expenses, such as renovations, holidays, a new car, or debt consolidation.

You can typically borrow up to 80% of the value of your property. For example, if your property is worth $650,000 and your loan amount is $450,000, you could borrow up to an additional $70,000 (bringing your new loan amount up to $520,000 which is 80% of your property’s value).

It is possible to refinance your mortgage if you have bad credit, but it is a bit more difficult. It comes down to finding the right lender and demonstrating a promising outlook that you’re making a conscious effort to improve your credit rating.

We will need to get a copy of your credit file, work on trimming your debt, and work closely with a specialist lender to refinance your loan. You will also need to borrow less than 80% of the value of your home.

You can refinance your home loan from any bank or lender you choose, including your existing bank. These days we find that banks do not typically reward loyalty. In most cases we find lenders offer better deals to new customers rather than rewarding existing ones.
That being said, we are often able to negotiate a better rate for you even if you choose to stay with your existing bank.

If the outstanding balance of your loan is higher than 80% of your property’s value you may need to pay LMI with your new lender. LMI is not transferable between lenders, so if you refinance to another lender, if your loan is not below 80%, it will be payable again. If your loan amount is below 80% you will not need to pay LMI again.

Why Choose Hunter Galloway As Your Mortgage Broker?


One Of The Lowest Rejection Rate

Across mortgage brokers in Australia

The heights rated and most reviewed

Mortgage broker in Brisbane on Google

We have direct access to 30+ banks and lenders

Across Australia

Our reputation and achievements

Market average rejection rate is 40 %, Our rejection rate is 3 %

Google reviews of our customers

Hunter Galloway Mortgage Brokers have helped hundreds of home owners.
We have built a brilliant reputation for being extremely well organised, helpful and making the home loan process as smooth as possible

Don't want to change bank?

Talk to us anyway and see if we could negotiate a better deal for you with your existing lender.

A Hunter Galloway Broker compares thousands of home loans from 20+ leading lenders across Australia for you!