Need to Refinance

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Refinancing Your Home Loan

Often people do not see the value in refinancing their home loan. Regardless of the potential savings, which sometimes can be in thousands of dollars each year. The whole process can seem like a bit too much hard work.

A mortgage broker will work with you to find a better home loan. Prepare and lodge the loan application and ensure the loan successfully settles.

If you have been with your bank for 3 or more years, then you too may be paying thousands of dollars in additional interest to your bank. Compare your home loan using our comparison tool and then speak with a mortgage broker about how they can help you refinance your mortgage.

Refinancing FAQ

Why refinance?

Refinancing your home loan can often help you reduce the interest rate on your home loan. On a typical home loan refinance of $500,000, reducing the interest rate by 0.20% you could be saving as much as $1,000 each year. After a few years that could be an overseas holiday.

What do I need to consider?

It is important to consider the goal you are looking to achieve. Do you wanted to reduce your interest rate, continuing to pay your loan off at the same rate? Alternatively, is your monthly repayment too high and do you need to reduce your monthly commitment?

Loan Repayment Calculator

The results

Customer Reviews

Matthew Jones profile pic

Matthew Jones
Peter was fantastic. I tried to refinance with my existing private banking relationship and was turned down. Got introduced to Peter, I sent him some docs and he helped me complete paperwork and I got close to twice the amount I was looking for. Could not have done it without him. Quite an unbelievable difference and would recommend him to everyone.

Ainslie Hie profile pic

Ainslie Hie
The road to purchasing a family home was a long one for us (several years), and I lost count of how many pre-approvals Peter prepared us, or how many questions he patiently answered. Peter is helpful, knowledgeable, patient, and professional, and I would not hesitate to recommend his service to other home buyers—top-notch service!

JR “Ez” Lee profile pic

JR “Ez” Lee
Pete was incredible. He found solutions to any obstacle and I was able to purchase a second property using equity. The process was far less intimidating and confusing with him supporting me. He has also helped a family member recently purchase their first home. So stoked and appreciative I was able to connect with Pete for an amazing outcome!

Kerry Luong profile pic

Kerry Luong
I highly recommend Get a Better Rate! Peter is always responsive and professional. Thanks for all your help!

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