Rate and repayments
Compare the current interest rate and repayments with potentially suitable alternatives.
Home Loan Refinancing
Your home loan should keep pace with your life and goals.
Review your current rate, structure, features and overall lending position before deciding whether refinancing makes sense for you.
Access to 50+ lendersCosts and benefits consideredStructure, rate and features reviewed
Why review your current loan?
A loan that suited you then may not suit you now.
Rates, products and personal circumstances change. A structured review can help show whether your existing lending still aligns with what you need today.
Loan structure
Consider fixed or variable components, loan terms and how the lending is organised.
Features
Review offset, redraw and repayment flexibility against the way you use the loan.
Changing goals
Assess whether the current loan supports renovations, investing or other objectives.
A complete refinance review
Look beyond the advertised rate.
A lower rate may be attractive, but the overall benefit depends on the new structure, fees, loan term and your objectives.
Refinancing can involve discharge fees, application or valuation costs, government charges and other expenses. Extending the loan term can also affect the total interest paid. The overall position should be considered before proceeding.
✓Current loan balanceBalance, remaining term, repayments and applicable fixed-rate considerations.
✓Available equityProperty value, loan-to-value position and the purpose of any proposed access.
✓Income and commitmentsIncome, expenses, existing debts and lender servicing requirements.
✓Loan featuresOffset, redraw, repayment flexibility and other facilities that matter to you.
✓Refinancing costsPotential lender, discharge, valuation and government fees associated with the change.
✓Longer-term impactLoan term, repayment changes and whether the new structure supports your goals.
How the review works
A clear comparison before any change is made.
The aim is to understand your current position, compare suitable alternatives and explain the trade-offs.
Understand your goals
Discuss why you are considering refinancing and what you want the new loan to achieve.
Review current lending
Assess your loan balance, rate, features, equity, income and financial commitments.
Compare suitable options
Consider available lender options, structures, potential costs and key differences.
Apply and transition
If you choose to proceed, prepare the application and coordinate the refinance through settlement.
What may prompt a review?
Refinancing can serve different objectives.
The appropriate structure depends on why you are reviewing the loan and whether the overall benefits justify the change.
Reviewing rate or repayments
Compare your current position with potentially suitable alternatives.
Changing loan features
Seek a structure with facilities that better reflect how you manage the loan.
Accessing available equity
Consider equity for an eligible purpose, subject to valuation and lender assessment.
Restructuring eligible debts
Explore whether consolidation may simplify commitments, while considering costs and total interest.
Request a home-loan review
Tell us what you want your loan to do better.
Share a few details about your current lending and goals. The LNO Mortgages team will contact you to discuss what may be useful for an initial comparison.
Phone0413 219 624
Service areaCastle Hill, the Hills District, Greater Sydney and Australia-wide
Refinancing FAQs
Useful answers before you switch.
Whether refinancing is suitable depends on your current loan, costs, objectives and lender assessment.
When should I review my home loan?
A review may be useful when your fixed period is ending, your circumstances or goals have changed, your loan features no longer suit you, or you want to understand how your current lending compares with available alternatives.
Does a lower interest rate always mean I will save money?
Not necessarily. Fees, the new loan term, repayments, loan features and other conditions affect the overall result. A comparison should consider the total position rather than the advertised rate alone.
What costs can be involved in refinancing?
Potential costs may include discharge, application, valuation, settlement or government fees. Fixed-rate loans may also involve break costs. The applicable charges depend on the current and proposed lenders and your loan.
Can I access equity when refinancing?
You may be able to access available equity for an eligible purpose, subject to property valuation, income, servicing, loan-to-value requirements and lender assessment. Increasing debt should be considered carefully against your objectives.
Can refinancing be used to consolidate debts?
Eligible debts may sometimes be consolidated into a home loan. While this can change repayments or simplify commitments, extending short-term debt over a longer period may increase total interest. Costs, discipline and the overall impact should be reviewed.
Should I first ask my existing lender for a better rate?
Your existing lender may offer a pricing review, which can form part of the comparison. It can still be useful to assess whether the current loan structure and features remain suitable and how the overall position compares with alternatives.
Before you refinance, understand the complete picture.
Book a confidential, no-obligation conversation with Mohit Gupta about your current home loan and financial goals.
