Finance — Refinancing
Refinancing Your Home Loan
Refinancing is sometimes about rate, often about structure. We scope rate, term, fixed-vs-variable mix, equity release and debt consolidation options against lender policy and the costs of switching — then document the recommendation in writing before any application.
- Rate review
- Structure review
- Fixed-rate expiry
- Equity release
- Debt consolidation
Mr Rohan Manokaran (Credit Representative 565110) is authorised under Australian Credit Licence 561324 held by Loans Only Pty Ltd. Information on this page is general in nature and does not take into account your objectives, financial situation or needs. Credit eligibility, lender criteria, fees and charges apply.
Reasons to review
When refinancing genuinely makes sense.
Not every refinance is worth doing. The cases below are when a review tends to add value — costs included, with the answer documented in writing before any application.
Repayment pressure
Cash flow review · structure review
Where monthly repayments are causing genuine cash-flow stress, a structure review can sometimes reduce the immediate burden — through term extension, interest-only periods (subject to lender policy), or a different loan product. The trade-off is total interest paid over the life of the loan, which we model.
Fixed-rate expiry
Reversion rate vs market
Lenders typically reprice expiring fixed-rate loans onto the current variable rate, which is not always the best rate available. A review 1–3 months before your fixed-rate expiry lets you compare the reversion rate to the market.
Structure change
Fixed/variable split · interest-only · offset
Sometimes the right move is not to switch lenders but to restructure the existing facility — splitting between fixed and variable, adjusting the offset balance, or repositioning the loan for an investment-property purpose. Structure can matter more than rate.
Equity release
Renovation · investment · cash flow
Releasing equity at refinance is common for renovations, school fees, investment property deposits or business cash flow. Loan purpose matters for tax positioning where the released funds are used for investment; the work sits alongside the tax side of the practice.
Debt consolidation
Caution · breakeven · total cost
Consolidating personal-loan or credit-card debt into a home loan can lower monthly repayments — but the longer term may mean more total interest unless higher repayments are maintained. We document the breakeven and total-cost picture in writing before this is implemented.
Investment-loan switch
Owner-occupier ↔ investment
Where a property changes use (becomes a rental, or returns to owner-occupier), the loan purpose and lender pricing change. Refinance is sometimes the cleanest way to align the loan with the new use of the property.
Process
From scoping call to settlement — typically 4–8 weeks.
A document-driven sequence. You see the recommendation in writing — with costs and breakeven — before any formal application.
Scoping call
Understanding why you are considering a refinance, the current loan, the goal, and any timing constraints (fixed-rate expiry, settlement date).
Document collection
Existing mortgage statement, payslips or tax returns, bank statements, debt statements, current credit cards and limits. Read-only access where possible.
Position review
Borrowing capacity, target lender shortlist, structure recommendation, costs of switching, breakeven analysis — documented in writing.
Lender application
Application submitted to the shortlisted lender. Lender applies its own credit and policy assessment. We track and report progress at each milestone.
Unconditional approval & discharge
Unconditional approval triggers discharge coordination with the existing lender, mortgage documents to the solicitor, and the settlement booking.
Settlement & confirmation
Settlement on the agreed date. New loan live, old loan discharged. Settlement confirmation and loan-account details provided in writing.
Frequently asked questions
Refinancing — common questions.
No. Refinancing has costs — discharge and registration fees from the existing lender, application and valuation fees at the new lender, potential break costs on fixed-rate loans, time and disruption. Whether refinancing makes sense depends on the rate difference, the loan balance, the remaining term, the structure you are moving to, your reasons for moving, and your medium-term plans. We model the breakeven and total cost in writing before any application is submitted.
How we are paid
How we are paid: Eternity Mortgage Solutions typically receives commissions from the lender for loans arranged on your behalf. A full explanation of how we are paid, our lender panel and any potential conflicts of interest is provided in our Credit Guide and Credit Proposal Disclosure document, available on request before any loan application is submitted.
Related
Where this fits in the bigger picture
Refinancing rarely sits in isolation. Pre-approval, the underlying home loan options, the investment-property pathway and the One Roof engagement model all connect.
- Mortgage Broking
Refinance — Hills District
A local Hills District refinance review of rate, structure and equity for owner-occupiers and investors. Any change depends on lender assessment.
- Property Investors
Refinancing investment loans
Refinancing narrowed to investment loans — rate and structure review, interest-only renewals and equity release, with loan-purpose discipline kept in view (general information only).
- Mortgage Broking
Home loans
Owner-occupier and investment home loan pathways — first home, upgrading, refinancing, investment property.
- Mortgage Broking
Pre-approval & borrowing capacity
How lenders calculate what they will lend, and why two lenders can reach materially different numbers for the same applicant.
- Mortgage Broking
Investment property loans
Loan structure, deductibility context and offset positioning for investment properties — scoped alongside your tax position.
- Guide
How One Roof works
Refinances often touch the tax side of your position. Same practitioner scopes both — read how the engagement runs.
- Guide
Guide: when to refinance
The signals it may be worth reviewing a refinance, and the switching costs that can offset the benefit. General information only.
- Mortgage Broking
Bridging finance
Where a refinance is really about buying before selling — peak debt, the bridging period and the risks, set out honestly.