How to Refinance Your Home Loan in Australia (Step-by-Step Guide)
How to Refinance Your Home Loan in Australia (Step-by-Step Guide) How to Refinance Your Home Loan in Australia (Step-by-Step Guide) Refinancing your mortgage can cut monthly repayments, access equity, or shorten loan terms. This 2025 guide shows you when to refinance, the steps involved, and the pitfalls to avoid. Refinancing in 2025: a strategic move, not just a lower rate chase. What does refinancing mean? Refinancing is replacing your current mortgage with a new one, usually with a different lender or on new terms. It’s common in Australia because interest rates, property values, and personal circumstances change over time. Top reasons Australians refinance in 2025 Lower interest rates: Save money on repayments. Access equity: Unlock funds for renovations, investment, or debt consolidation. Loan features: Switch to offset accounts, redraw, or flexible repayment options. ...