Understanding Refinancing – When, Why and How
Refinancing could be one of the most effective tools in your financial toolkit. But is it the right move for you?
Refinancing means replacing your current home loan with a new one — either with your current lender or a new one. It could save you money, give you better features, or unlock equity for future plans.
When to refinance:
Your fixed rate term is about to expire
You’ve had your loan for 3+ years and haven’t reviewed it
Interest rates have dropped
You want to consolidate high-interest debts
You’re planning a renovation or need cash out
Why refinance:
Get a better interest rate and reduce your monthly repayments
Switch from variable to fixed, or vice versa, for greater control
Consolidate personal debts into your home loan to reduce overall interest
Access built-up equity in your property for investment, education, or other goals
Upgrade to a loan with features like offset accounts, redraw facilities, or flexible repayment options
How to refinance:
Loan health check – We review your existing loan and financial position
Property valuation – An updated valuation helps determine your new LVR (Loan-to-Value Ratio)
Compare lenders – We search the market for better rates and terms
Apply and switch – We handle the paperwork and manage the transition
Refinancing doesn’t have to be stressful. With expert advice, it can be one of the most empowering steps in your financial journey. Let’s review your loan and see what’s possible.