Start with the questions that matter
Could our loan be structured better?
What would it cost to change lenders?
Would a lower rate actually leave us better off?
Start with the reason for reviewing
A useful review begins with the outcome you want — not an advertised rate. You may want to reduce repayment pressure, repay debt sooner, access equity, combine debts, fund renovations or improve flexibility.
We compare the proposed change with your current position, including interest rates, loan features, remaining term, fees, cashback conditions and potential break costs. A lower rate does not automatically mean a better overall result.
What we review
- Current loan balances, terms, rates and repayment structure
- Fixed-rate expiry dates and possible break costs
- Available equity and the purpose of any additional borrowing
- Lender fees, legal costs and cashback repayment obligations
- Fixed, floating, offset, revolving-credit and split-loan options
- Whether retaining the existing lender may be more suitable
- The effect of extending the loan term on total interest
A change should have a clear benefit
Refinancing creates new documentation and may reset parts of your lending relationship. If the expected benefit is small, short-lived or dependent on uncertain assumptions, staying with the existing lender may be more appropriate.
Where debt consolidation is included, we explain that converting short-term debt into a long mortgage can reduce the immediate repayment but increase total interest unless the debt is repaid faster.
We compare the full change — not just the rate.
We do not recommend switching lenders simply because another rate looks lower. We compare the full change — including structure, fees, break costs, cashback conditions and the benefit over a meaningful period.
Any comparison is based on information and rates available at the time. Rates, fees and lender offers can change before approval or settlement.
