Why "just checking" is worth doing periodically

A loan that was right when you took it out doesn't automatically stay right. Your income might have grown, your property's value has likely moved, and your goals — building a family home, starting to invest, consolidating debt — probably aren't identical to when you first signed. None of that means you must refinance. It means it's worth checking, and checking costs nothing.

What we actually review

  • Your current loan structure, rate type, and features against what you need today
  • Your equity position, and whether it opens options like removing Lenders Mortgage Insurance or funding a renovation or next purchase
  • Whether consolidating other debts into the refinance genuinely helps, or just extends them
  • The real cost of switching — discharge fees, application fees, any government charges — weighed against the benefit

Our honest-answer promise

Around half the clients we work with are refinancing, not buying. Just as often as we recommend switching, we tell a client their current loan is still doing its job and switching wouldn't be worth the cost. We're paid by the lender you choose, not for generating unnecessary refinances — so there's no incentive on our side to talk you into a switch that doesn't actually help you.

General information only. This page is general in nature and doesn't take into account your personal financial situation, objectives or needs. It isn't tax, legal or financial advice. Lending criteria, product availability, fees and policies vary between lenders and are subject to change — always confirm current detail with your broker before making decisions.

Read the in-depth guide: the refinancing checklist →

Frequently asked

Is it worth refinancing if I've only had my loan a couple of years?

It can be, particularly if your circumstances, the property's value, or your goals have changed since you took out the loan. A free review is the only way to know without guessing — there's no cost to find out.

How much does it cost to refinance?

Refinancing can involve discharge fees from your current lender, application or valuation fees with the new one, and government charges in some cases. We'll outline any costs that apply to your specific situation before you proceed, so you can weigh them against the benefit.

Will refinancing affect my credit score?

A formal application does create a credit enquiry, which can have a small, typically temporary effect. We can talk you through what to expect for your specific situation before you apply.

How long does refinancing take?

It varies by lender and complexity, but a straightforward refinance often takes several weeks from application to discharge of the old loan. We manage the coordination so it moves as smoothly as possible.