Refinancing your home loan
If your rate has changed, a fixed term is ending or the loan no longer suits how you use it, it's worth checking the options. I'll compare your current loan with the alternatives, including the cost of switching.
A review starts with what you want to change
You might want to reduce costs, change features or borrow for a particular purpose. Tell me what prompted the review and I'll help work out which parts of the loan deserve a closer look.
That may mean negotiating with your current lender, changing the loan setup or refinancing. The aim is to find a suitable way forward, with the costs and trade-offs explained.
Compare staying with changing lenders
I'll start with your current loan and what you'd like to change. Your lender may be able to offer a better rate or a more suitable product. That gives us something concrete to compare with other lenders.
The comparison includes the rate, fees, useful features and remaining term. If staying offers the better overall outcome, I'll explain why. If moving looks worthwhile, I'll show you the costs and the difference it could make.
Check what is behind the lower repayment
A smaller repayment can come from a lower rate, a longer loan term, or both. Extending the term may help monthly cash flow while increasing total interest. I'll compare against the years you have left so you can see that difference.
Changing lenders also has costs. These can include discharge and application fees, government mortgage charges, a fixed-rate break cost and, in some circumstances, lenders mortgage insurance. I'll check the relevant costs and how long the expected benefit would take to recover them.
If you want to borrow against your equity
Equity is the property's value less the debt secured against it. The amount available to borrow depends on the valuation, your repayment capacity, the purpose and lender requirements. Accessing equity adds debt secured against the property.
If it's for another property, the investment property loans guide explains how the deposit borrowing and proposed investment loan fit together. If you're moving, start with buying your next home.
Combining other debts into the home loan needs a separate cost comparison. A lower rate can still cost more overall if the debt is repaid over many more years, and it becomes secured against your home.
If you decide to proceed
I'll explain the suitable options and the information needed for assessment. If you choose to refinance, I'll prepare the application and manage the valuation and lender follow-up through to settlement. The home loan process guide explains the stages.
For most standard residential loans, the lender pays me if the loan settles. If a separate fee applies, I'll discuss it before you proceed. Read how I get paid.
Let's talk about your plans
Your rough loan balance, rate, remaining term and what you'd like to change are enough to start. If the loan is fixed, include when that period ends. Please keep account numbers and identity documents out of the website form.
The first strategy session is a free video appointment. You can ask a quick question by message instead.
General information only. This page doesn't take your objectives, financial situation or needs into account and isn't personal credit, financial, tax or legal advice. Loan availability, costs, valuations and lender policies depend on your circumstances and can change. Estimates aren't approval or a personal recommendation.
Sources and review date
Reviewed 6 September 2026. MoneySmart covers staying, switching costs and loan terms. Its debt consolidation guidance explains term and security risks. CommBank explains equity and borrowing limits. Actual product terms and costs need checking.