Are You Getting the Best Deal?

You should consider refinancing when interest rates have dropped since you took out your loan, when your fixed rate period is ending, or when your financial circumstances have changed. If you have been with the same lender for more than two to three years without a rate review, there is a strong chance you are paying more than you need to.

Brisbane homeowners can often save hundreds of dollars per month by switching to a more competitive rate. Even a reduction of 0.5% on a $500,000 mortgage can save over $50,000 in interest over the life of the loan. Use our refinance calculator above to estimate your specific savings.

Yes, refinancing can involve discharge fees from your current lender, application or establishment fees with the new lender, and potential break costs if you are exiting a fixed rate loan early. A good mortgage broker will calculate all of these costs upfront so you can see whether the net savings still make refinancing worthwhile.

Yes, it is possible to refinance with less than 20% equity, though you may need to pay Lenders Mortgage Insurance (LMI) again. Some lenders offer LMI waivers or competitive options for borrowers with as little as 10% equity. We can help you find the right solution for your situation.

The refinancing process typically takes between two and six weeks from application to settlement. Factors such as property valuations, lender processing times, and the complexity of your loan can affect the timeline. We manage the entire process on your behalf to keep things moving efficiently.

Refinancing involves a credit enquiry which may cause a minor, temporary dip in your credit score. However, this impact is generally small and short-lived. Making consistent repayments on your new loan will help maintain and improve your credit rating over time.