Start with the current loan
We consider the rate, balance, repayment type, remaining term and how you use offset or redraw. Your current lender’s options can form part of the review.
Refinancing · Sydney
Give your home loan a fresh look.
A new rate is only part of the story. Review the costs, useful features and remaining term before deciding whether to change.
For owners reviewing an existing home loan.
What matters
See what a change would really mean.
Count the switching costs
Discharge and application fees, valuation costs and any fixed-rate break costs can change the result. Potential savings need to be assessed over a realistic time frame.
Avoid overlooking the loan term
A lower repayment can come from stretching the loan over more years. That may increase total interest, even when the new rate is lower.
Align the structure with your plans
Changes to income, family, property or business can be a useful reason to review. Sometimes the current loan remains the appropriate option.
How it runs
From review to switch.
- 01
Review the current loan
Rate, balance, remaining term, the features you use and any fixed-rate break costs.
- 02
Compare the whole change
Switching costs and total interest over a realistic time frame, including staying put.
- 03
Apply and value
The new lender assesses your application and values the property.
- 04
Switch at settlement
The new loan pays out the old one, and repayments start on the new terms.
These are general steps. Lending is subject to lender criteria and individual assessment. Approval is not guaranteed.
Getting ready
A useful starting point.
You don’t need everything ready for the first conversation. These details can help make it more useful.
- A recent home loan statement
- Your rate, remaining term and fixed-rate expiry if relevant
- Details of offset balances and other loans
- Current income evidence and regular expenses
Discuss the secure process for providing documents with Alan. There is no document upload on this website.
Repayment comparison
Compare two rates or loan terms side by side, including total interest.
Compare repaymentsYour questions
Good to know.
Will refinancing save me money?
It may, but there is no guaranteed saving. Compare switching costs, interest over the remaining term and the features you actually need. The lender must assess any new application.
Can I refinance during a fixed-rate period?
It can be possible, but break costs may be significant. Obtain a current break-cost quote from your lender before deciding.
Can I access equity while refinancing?
You can discuss it, but equity release requires lender assessment of the amount, purpose, security and your ability to repay. An increase in debt also increases your financial commitments.
Free strategy call with Alan
Your next move starts with a conversation.
15 minutes with Alan. Talk through where you are, where you want to go and what your finance needs to do along the way.