Accept the revert rate
Simple, but it may not be competitive. Check the rate, comparison rate, fees and features.
High-intent review
Fixed rate ending soon?
When a fixed rate ends, the loan usually moves to a variable rate unless you choose another option. That can change repayments, flexibility and whether it is worth comparing lenders.
Broker-led review
Do the review before the rollover happens.
A fixed-rate expiry is a natural review point. It is the moment to compare staying, refixing, moving variable, splitting the loan or refinancing, without accepting the revert rate by default.
Options to compare
Refix with the current lender
This may suit borrowers who want repayment certainty, but flexibility and future break costs still matter.
Move to variable
Variable loans may offer more flexibility, offset or redraw features, but repayments can change as rates move.
Split the loan
A split loan can combine fixed and variable portions, depending on lender policy and borrower goals.
Refinance to another lender
This may be worth comparing if rate, features, fees or lender fit have changed.
Act early with caution
Leaving before expiry can trigger break costs. Ask for a quote before moving early.
What to prepare
The review is easier when the current loan details are clear.
Expiry date and current rate
Know when the fixed period ends and what rate applies now.
Rollover or revert rate notice
Keep the lender notice showing what rate the loan may move to after expiry.
Current repayment and new estimate
Use a repayment calculator as a starting estimate, then ask a broker to check the real options.
Loan statements and documents
Prepare recent home loan statements, income evidence, bank statements and debt details if comparing refinance options.
Watch the pressure points
Repayment shock
If the new rate is higher than the fixed rate, repayments can rise. Check this before the first variable repayment arrives.
Refixing without checking flexibility
A fixed loan may limit extra repayments, redraw or offset access depending on the product.
Waiting until the expiry week
Late reviews can reduce time to compare options, collect documents and settle a refinance if that is the chosen path.
Useful next checks
Use calculators and related pages as preparation only. The figures are estimates and need broker and lender review before you rely on them.
CalculatorHome loan repayment calculatorTest whether a loan amount, rate, term, and repayment type feel workable before taking the numbers further.Best forChecking repayment comfort across purchase, refinance, or rate-change scenarios.Estimate only. A broker still needs to check lender policy and fit.Open calculator CalculatorRefinance savings calculatorCompare the current loan with a new-rate scenario and see whether switching costs may be recovered.Best forDeciding whether a refinance is worth a broker review before starting lender work.Estimate only. A broker still needs to check lender policy and fit.Open calculator PageCheck refinance costsUnderstand switch costs, break costs, LMI risk and the break-even point before comparing a lower rate.Open PageDocuments needed to refinancePrepare the common ID, income, loan, debt and property evidence before a broker conversation.Open
Ready for a refinance review?
Turn the refinance question into a broker review.
Quick Check collects the basic context for emoney. It is not a loan application, approval, credit advice or a loan recommendation.
Refinance FAQ
Questions borrowers ask before changing loans
What happens when my fixed rate ends?
The loan usually moves to a variable rate unless you refix or change the structure. The lender notice should explain the upcoming rate and repayment details.
Should I refinance before the fixed rate ends?
It depends on the break cost, available options, timing, features and your goals. Ask the current lender for break cost details before deciding to move early.
Can I split my loan when the fixed rate ends?
It may be possible depending on lender policy and your situation. A broker can compare fixed, variable and split structures.
Before changing
Check rate, costs, documents and timing first.
Refinance decisions are easier when the whole loan is reviewed, not only the advertised rate.