HOME LOAN REFINANCING
Check Whether Your Current Home Loan Is Still Worth Keeping
A lower rate can help, but the decision should also account for switching costs, the years left on your loan and the features you use. We compare staying with your lender, asking them to reprice, and moving to another lender, then explain the costs and trade-offs before you decide.
40
Lenders on the panel, including banks, non-banks and specialist funders
48 hours
Submission target after the file is complete and you approve it
Remote
Phone, video and electronic documents from the first call
7 years
In mortgage broking. You deal with Milo Marinkovic
When a review makes sense
Four reasons to review your home loan
The right outcome may be a better deal with your current lender, a move, or no change. Start with the reason you are reviewing the loan.
01
Your rate or features no longer suit you
Repayments may have changed, or you may be paying for features you do not use. We compare the current loan with alternatives on the same remaining term.
02
You want to use available equity
A lender may allow equity release for a renovation, an investment deposit or another approved purpose. The amount depends on the valuation, your debts, income and policy.
03
Your fixed rate is ending
Before the fixed period ends, check the revert rate, the likely repayment, the features and any cost of moving. Leaving early can trigger a break cost.
04
Your income, debts or plans have changed
A new job, business income, debt consolidation, separation or another property plan can change what you need from the loan.
Why The Lending Institute
A recommendation you can trace back to the numbers
We review the current loan, income, debts, property and plans before approaching a lender. The note explains what was compared and what could change the result.
01
Staying put remains an option
If the current lender's offer holds up after costs and features, we will say so. A review does not start with a decision to switch.
02
About 40 lenders, not every lender
The panel includes banks, non-banks and specialist funders. It does not include every lender in Australia.
03
Income is checked before lodgement
PAYG, self-employed and mixed income are treated differently. We match the evidence to policy before recommending where to apply.
04
One broker manages the file
Milo follows valuation, lender questions, conditions, discharge and settlement, and tells you what is needed at each stage.
How refinancing works
From loan review to settlement
01
Day 0
Tell us what you want to change
Rate, balance, remaining term and timing are enough for the first conversation. No lender application is made at this stage.
Credit impact — none
02
Days 1–5
Build the comparison
We compare the current loan, a reprice offer where one exists, and suitable switch options. Fees, term, repayment and features are in the same note.
Credit impact — soft enquiry only
03
Days 5–7
Stay, reprice or switch
You get a written recommendation. Nothing is lodged until you tell us to proceed.
Credit impact — enquiry recorded
04
Weeks 3–6
Discharge and settlement
If you refinance, we submit the file, answer lender questions, track the valuation and coordinate discharge. The target is 48 hours after the file and your approval are in. The lenders control the rest of the timing.
Credit impact — account reported
See the switch cost against the saving
Repayment comparison, LVR against the 80% LMI threshold, and total interest over the remaining term — all live.
Open the calculatorsRefinancing questions
What borrowers ask before they apply
If yours is not here, ask it directly — you will get a straight answer, not a callback form.
Ask a broker →Repricing is a different rate or product with your current lender. Refinancing replaces the loan, usually with a new lender. Repricing can avoid switching costs. Refinancing can change the rate, the features or the policy that applies to you.
Compare the full cost over the same remaining term. Include discharge, setup, any break cost and ongoing fees, and the time needed to recover them. A lower repayment alone does not prove the loan is cheaper.
Possibly. The lender assesses income, expenses, liabilities, value and purpose. Consolidation can lower the monthly repayment and increase total interest if short-term debt is stretched over a longer term.
Most files need identification, income evidence, current loan statements and other debts. Self-employed files may also need tax returns, financial statements and BAS.
We aim to submit a complete application within 48 hours of receiving the information and your approval. Valuation, assessment, discharge and settlement are controlled by the lenders.
Related services
Often looked at alongside this
Supporting paragraph for this section.
Start your review
Find out whether switching stacks up
Tell us the balance, rate, remaining term and what you want the loan to do. We compare the current loan, a reprice where one exists, and suitable alternatives, then explain the costs before you decide.
Stay, reprice and switch
All three are in the same comparison.
No application without approval
Nothing is lodged until you say so.
Remote appointments
Phone, video and electronic documents.