Current loan review
Start with your balance, rate, repayments, features and remaining term so the existing loan has a fair benchmark.
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Home loan refinancing · Australia-wide
Find out whether refinancing is worthwhile.
Brion reviews your current loan and compares the rate, fees, repayments and features with suitable alternatives. Understand the costs of switching and whether changing your lender or loan structure could help you achieve your goals.
Perth-based broker · Phone and online support throughout Australia
Understanding your options
When is refinancing worth considering?
Refinancing may be worth exploring when your current rate is no longer competitive, your fixed period is ending, your loan features no longer suit you, or you want to restructure debt or access equity for a clear purpose. The benefits should be assessed after allowing for switching costs and the proposed loan term.
Brion reviews the loan in context: the interest rate, comparison rate, ongoing and switching fees, remaining term, features and your plans. If the likely benefit is small or the costs outweigh it, that matters just as much as finding an alternative.
True cost comparison
Consider discharge, application, valuation and other switching costs alongside the rate and estimated repayments.
Loan structure
Review fixed or variable options, offset and redraw needs, repayment type and whether the proposed term makes sense.
Application support
Prepare, lodge and progress a suitable refinance application with one point of contact through settlement.
Look beyond the monthly repayment
A comparison rate combines the advertised interest rate and certain fees using standard loan assumptions. It is not a personalised estimate of your complete refinancing cost.
A lower repayment can come from a lower rate, but it can also come from restarting the loan over a longer term. Extending the term may increase the total interest paid even if the monthly amount falls. A useful comparison shows both the immediate cash-flow change and the longer-term cost.
The BGW loan comparison calculator can model a different rate, loan amount, term, one-off costs and extra repayments. It is a general estimate only, but it can help frame the questions to discuss with Brion.
- Interest rate and comparison rate
- One-off switching and discharge costs
- Remaining term versus proposed new term
- Features you use, including offset or redraw
Reasons clients review their loan
Some clients want to reduce interest or improve cash flow. Others need a different loan structure for an upcoming purchase, a changed income position or a move from a fixed rate. The purpose shapes which option is suitable.
Cashback offers can be attractive, but eligibility, costs and the ongoing loan position still need to stack up. A short-term incentive should not distract from a loan that costs more over time.
- A fixed-rate period is ending
- The current rate or fees appear uncompetitive
- Income or household circumstances have changed
- Equity may support a planned property or business goal
Frequently asked questions
Useful answers before you begin.
How much equity do I need to refinance?
There is no single figure for every application. The lender will consider the property value, loan balance, loan-to-value ratio, income, expenses and credit position. Higher loan-to-value ratios may affect pricing, options or insurance costs.
Does a lower repayment always mean a better loan?
No. A longer term can lower repayments while increasing total interest. Compare the rate, fees, features, repayment and total cost over a consistent period.
Can I refinance while self-employed?
Potentially. The available evidence and lender policies vary. Brion can review your recent financial information and explain which pathways may be relevant.
Should I use a refinance cashback on the loan?
That depends on your priorities and the offer terms. The BGW calculator lets you model an upfront payment, but lender eligibility, fees and the full loan cost still need to be checked.
Can I refinance a fixed-rate loan?
Potentially, but break costs and other charges can affect the benefit. Ask your current lender for a payout figure and relevant break-cost estimate, and compare these with the proposed new loan before deciding.
How long does refinancing take?
Timing depends on your documents, the lender’s assessment, valuation and discharge process. Brion can explain the expected steps once your circumstances and lender options are known.
How is my property valued?
The new lender determines the valuation method it accepts. It may use an automated, desktop or physical valuation. The accepted value can affect your loan-to-value ratio, pricing and available options.
Your next step
Ready to talk about your loan?
Tell Brion what you are planning and the questions you would like answered.