Refinancing replaces your current loan with a new one to get a better rate, lower repayments, or access to equity. We count the switching costs first, so you only move when the saving is real. Most refinances take 2 to 4 weeks from application to settlement.
Lenders often keep their best rates for new customers, so a loan that was competitive three years ago may not be now. Even a small rate drop can be worth thousands over the life of a loan, but only after costs: discharge fees, application fees, government registration charges, a fixed-rate break cost if you are mid-term, and LMI again if you owe more than 80% of the value. Some lenders offer cashback or waive fees, which can tip the numbers.
| Goal | How refinancing helps |
|---|---|
| Lower rate or repayments | Move to a sharper rate, or ask your lender to reprice with a competing offer |
| Renovate or build | Release equity to fund improvements |
| Investment property | Restructure an investment loan for rate, interest-only terms or splits |
| Business cash flow | Reduce repayments or free up working capital |
| Fixed rate ending | Avoid rolling onto a higher revert rate |
| Debt consolidation | Combine debts at a lower rate, while showing the cost of stretching short-term debt over a long loan term |
Compare your current loan with a new rate in the refinance savings calculator.
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For owners whose rate or loan no longer fits.
Starts with a free assessment
The lender that funds your loan pays us a commission when it settles. If a fee ever applies, for example on a complex or commercial loan, it is agreed in writing before any work starts, and our credit guide sets out exactly how we are paid.
“Highly recommend Mortgage Pass. Excellent service from start to finish. Julie made the whole process so much easier! She’s extremely thorough, goes above and beyond to find the best deal, and keeps you updated every step of the way. Very professional, knowledgeable and always happy to help. If you’re looking for a reliable and helpful broker, Julie is your go-to!”
“We wanted to cash out against our home to renovate and had no idea where to start. Julie was so helpful from day one. She walked us through all our options, explained the numbers clearly, and found us a great deal that let us access the equity without messing up our existing loan. Communication was excellent the whole time, everything was handled quickly and settlement was smooth. Made what could have been stressful actually really easy. Highly recommend Julie if you need a mortgage broker.”
“We couldn't recommend Julie from Mortgage Pass highly enough! From the very beginning, Julie was professional, knowledgeable, and incredibly supportive throughout what turned out to be a challenging loan process. Thanks to Julie's hard work and determination, we've secured the finance to build our dream home. If you're looking for a mortgage broker who will go the extra mile, Julie is the person to call. Thank you, Julie, we're so grateful for everything you've done to help make our dream a reality!”
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