What we’ll consider
- Current balance, rate, repayments and remaining term
- Discharge, application, valuation and ongoing fees
- Any fixed-rate break costs
- Whether the benefits outweigh the switching costs
Finance Made SimplerRequest a ConsultationRefinancing · Review your current home loan
Is your home loan still working for you?
Life changes. Your loan should be reviewed too. Let’s look at what you have, what you need now and whether changing your loan would be worthwhile.
Talk to Paul Thomas
What would you like your loan to do differently?
Perhaps repayments feel heavier, you want more flexibility, or you have not checked your loan in years. We start with the current balance, rate and remaining term so the comparison reflects your actual situation.
A tempting rate is only one part of the story. Switching fees, fixed-rate break costs and a longer repayment term can change the result. We’ll look at the costs alongside the potential benefits.
You might want to refinance, restructure your borrowing or discuss a better arrangement with your existing lender. The goal is a considered decision, with the reasons explained clearly.
This may help if you are looking to:
- Checking whether your rate remains competitive
- Looking for different loan features
- Changing the structure of your loan
- Accessing available equity for a planned purpose
- Combining eligible debts after reviewing the risks
What to prepare
- Your latest home loan statement
- Recent income and bank statements
- Property details and an estimated value
- Details of any other debts or financial goals
What happens next
We discuss your goals, review the information available, compare suitable options and explain the next steps before you decide whether to proceed.
A few questions you might be asking
Does a lower repayment always mean I save money?
No. Extending the loan term can lower regular repayments while increasing interest paid over time. We compare the term and total costs as well as the repayment amount.
Can I refinance a fixed-rate loan?
It may be possible, but break costs can be significant. Ask your lender for a current estimate before deciding whether a change makes sense.
Can I access equity?
Potentially, depending on the property valuation, current balance, proposed purpose, repayment capacity and lender criteria. Equity alone does not establish borrowing eligibility.
Ready to explore your options?