Refinancing
Moving your loan to a better rate or structure, with your current lender or a new one.
Request a timeA 15-minute call with Marko, confirmed within one business day.
Most refinances aren't really about chasing the cheapest headline rate. They're about a loan that no longer fits: a fixed rate about to roll off, a structure that made sense five years ago but not now, or simply a lender that stopped competing for your business once you settled.
Marko runs the numbers on what switching is actually worth once fees and any cashback are accounted for, not just the rate on the page.
Discharge fees, break costs on a fixed rate, and the new lender's own establishment costs all get weighed against the saving before anything moves, so if a switch isn't actually worth it once the dust settles, he'll say so, even if it costs him the deal.
"Marko is professional, efficient and knows his stuff, we have re financed with Marko twice now and would not consider going anywhere else."
Michael CallanderGoogle review
- Rate & cashback reviewsA straight comparison of what you'd actually save after fees, not the advertised rate alone.
- Fixed-to-variable (or back)Timed around when your current fixed term rolls off, to avoid double-paying break costs.
- Cash-out for renovationsReleasing equity as part of the same refinance, structured so it doesn't blow out your rate on the whole loan.
Good fit if
- Your fixed rate is due to roll off in the next few months
- You haven't reviewed your rate in over a year
- You want to release equity without starting from scratch
Worth knowing
- Break costs on a fixed rate can outweigh the saving, so check first
- A cashback offer isn't a reason to switch on its own
Questions about refinancing
When is it worth refinancing?
Common reasons are a fixed rate ending, your rate drifting above what the lender offers new customers, wanting to access equity, or consolidating debts. It's worth doing when the savings outweigh the switching costs, such as discharge and application fees. Marko runs those numbers first.
Could my current lender just lower my rate?
Sometimes, yes. A repricing with your existing lender can be the simplest outcome, so Marko compares that against moving to a new lender before recommending either.
How long does refinancing take?
Typically two to six weeks from application to settlement, depending on the lender and whether a property valuation is needed.
Will refinancing affect my credit score?
A new application adds a credit enquiry to your file. One well-prepared application has a small effect; several scattered applications look worse, which is one reason to compare first and apply once.
General information only. Lender policies vary and change. Marko confirms what applies to you on the first call.
Still not sure? Request a time and Marko will look at your situation.