Start with the reason repayments feel tight
Short-term cash pressure, higher rates, changed income, new debts and household costs can point to different options.
Repayments
Lower repayments can come with trade-offs.
Review repayment relief options, including lower rate, loan term, repayment type, offset use and debt consolidation cautions.
- Lower rate
- Loan term
- Repayment type
- Total interest
The useful review starts here.
Use this page to prepare the right questions before a broker checks policy, documents and lender options.
Ways repayments may reduce
A lower rate, longer loan term, different repayment type, interest-only period or debt consolidation may reduce the monthly amount, but each option has conditions and trade-offs.
- Lower rate
- Longer term
- Interest-only if suitable
- Debt consolidation
- Offset or redraw review
Check the total cost
A lower monthly repayment can still increase the total interest paid if the loan term is extended or short-term debt is spread over a home loan term.
Repayment review checklist
Use this as preparation only. A broker can check which items matter for your borrower and lender path.
Current repayment and frequency.
New repayment estimate at different rates.
Remaining term compared with any proposed new term.
Whether principal and interest, interest-only or split structure is being discussed.
Fees and switch costs.
Total interest over the term.
Whether cash-flow relief solves the actual problem.
Tools for the next check.
Use calculators for estimates, then check fees, policy and documents before relying on the result.
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
General information only. Calculator results are estimates, not approval, credit advice or a loan recommendation. A broker can review lender policy, documents, valuation, costs and suitability before you act.
Common questions
Common refinance questions.
Can refinancing reduce my repayments?
It may, depending on rate, term, repayment type, fees and lender policy. The total cost should be checked before relying on the lower monthly figure.
Is extending the loan term a bad idea?
It can reduce monthly repayments, but it may increase total interest. A broker can help compare the trade-off.
Ready for a refinance review?
Turn the refinance question into a broker review.
Send the goal, timing and current-loan context through Quick Check. Emoney can help work out what to review next.