Name the reason first
Rate pressure, repayment relief, equity access, debt consolidation and fixed-rate expiry all point to different checks.
- Better rate
- Lower repayments
- Access equity
- Consolidate debt
- Fixed rate ending
- Annual review
Refinance
Check yourcurrent loan beforeyou refinance.
Start with your rate, repayments, fees,loan features and plans. Then decidewhat needs a broker review.
- Better rate
- Lower repayments
- Use equity
- Fixed rate ending
Pick the reasonfor the review.
Rate, repayments, equity, debt and fixed-rateexpiry each need a different first check.
Rate reviewBetter rateCompare the rate with fees, features, switch costs and comparison-rate wording before chasing the lowest headline number.OpenRepayment reviewLower repaymentsCheck whether the monthly repayment falls because of the rate, the structure, or a longer loan term.OpenEquity reviewUse equity carefullyEstimate usable equity, then check LVR, valuation, repayments, purpose and lender policy.OpenDebt reviewConsolidate debtsLower monthly repayments can cost more over time if short-term debts are stretched across a home loan term.OpenFixed-rate reviewMy fixed rate is endingCheck the revert rate, refix, split, variable and refinance options before the fixed period ends.OpenLoan reviewFull loan reviewStart with the current rate, repayments, term, features, equity, costs, documents and plans.Open
Start with the loan you have.
A refinance only makes sense after costs, term, features, policy and documents are checked against the current loan.
Check the deal after fees
A lower advertised rate may still be the wrong move once switch costs, term reset, features, cashback conditions and lender policy are included.
Bring the current-loan basics
Balance, repayment, remaining term, rate type, offset balance, property value, income and debts give the broker something useful to check.
Before you compare another loan
Use this list before comparing another loan. Some items may not apply to your situation.
Current interest rate, comparison rate and repayment.
Remaining loan term and whether a new loan resets it.
Discharge, application, valuation, settlement, government and package fees.
Fixed break costs, if the loan is fixed and you are acting early.
LVR, valuation and possible LMI if equity is tight.
Loan features you use, such as offset, redraw, split loans and extra repayments.
Documents for income, expenses, debts, property and current loan.
Tools for the next check.
Use calculators for estimates, then check fees, policy and documents before relying on the result.
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 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 CalculatorHome equity calculatorEstimate total and usable equity before planning a refinance, investment property, renovation, or loan review.Best forChecking whether equity may support the next conversation without assuming it is available.Estimate only. A broker still needs to check lender policy and fit.Open calculator CalculatorOffset account calculatorEstimate how money held in offset may reduce interest over time compared with leaving the loan unchanged.Best forChecking whether savings could work harder inside the loan structure.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.
Is refinancing only about getting a lower rate?
No. Rate matters, but the review should also compare costs, loan term, features, lender policy, documents, equity and what you want the loan to do next.
Can the website tell me whether I should refinance?
No. It can help you prepare the question. A broker can then review your situation, lender policy and costs before you decide.
What should I have ready before a refinance call?
Useful starting points include current loan details, recent statements, income documents, debt details, property estimate, repayment goal and any fixed-rate expiry date.
Broker review
Send the current-loan details for review.
Share the goal, timing and current-loan basics so a broker can focus on rate, repayments, costs, equity or fixed-rate expiry.