Refinance Your Home Loan — Find Out If You're Paying Too Much

A good time to refinance is when your current rate is noticeably above what comparable lenders are offering, when your fixed-rate period is ending, or when your financial position has improved since you took out the loan. We review your current loan and tell you honestly whether the savings outweigh the switching costs — we run the numbers before recommending a move.

Yes. Common costs include a discharge fee from your current lender ($150–$400), an application or settlement fee from the new lender, and break costs if you're on a fixed rate. In most cases the long-term savings outweigh these — but we calculate the break-even point before recommending a switch, so you know exactly when you'll come out ahead.

Mortgage brokers are paid an upfront commission and a trail commission by the lender when your loan settles. You pay nothing directly — there are no upfront fees for our service.

We have access to 40+ lenders including the major banks, regional banks, credit unions, and non-bank lenders. This gives us the breadth to find competitive rates across a wide range of borrower situations — including self-employed applicants, low-deposit buyers, and investors.

Conditional approval can often be issued within 24–48 hours on straightforward applications. Formal approval typically takes 3–7 business days depending on the lender and how quickly supporting documents are provided. We tell you upfront which lenders are moving quickly.

You'll typically need recent payslips (last 2), tax returns (last 2 years if self-employed), bank statements (last 3 months), photo ID, and details of any existing debts or assets. We'll give you a precise checklist once we understand your situation — most clients have everything ready within a day.

It depends on your lender's requirements and your loan-to-value ratio (LVR). Some lenders will refinance at up to 90% LVR, though you may need to pay Lenders Mortgage Insurance (LMI). We assess your equity position honestly and tell you whether switching makes financial sense before you commit.

In Queensland, eligible first home buyers may receive a $30,000 grant for new homes valued under $750,000. Stamp duty concessions are also available for first home buyers. Eligibility rules apply — we confirm exactly what you qualify for during your consultation so there are no surprises.

LMI is a one-off insurance premium charged when you borrow more than 80% of a property's value. It protects the lender — not you. The cost varies but can run into thousands of dollars. Some lenders and government schemes allow you to avoid or reduce LMI — ask us whether your situation qualifies.