Refinance Your Home Loan

Save $3,000-$10,000/Year by Refinancing

Australians who refinance save an average of $4,400 per year. Compare 20+ lenders and see how much you could save in 2 minutes.

🔒 Free assessment • No obligation • No impact on credit score

How Much Could You Save?

See potential savings based on your loan amount

$400,000 loan
Your current rate 6.5%
New rate 6.0%
$2,400
saved per year
($200/month)
$800,000 loan
Your current rate 6.5%
New rate 6.0%
$4,800
saved per year
($400/month)

💡 Note: Even a 0.5% rate reduction can save you thousands. Rates shown are examples only.

Should You Refinance?

Answer these questions to find out

Has it been 2+ years since your last refinance or purchase?

Interest rates and lender offers change frequently. If it's been a while, you're likely paying more than you need to.

Is your current rate above 6.0%?

Many lenders now offer rates between 5.8% - 6.2%. If you're paying more, refinancing could save you thousands.

Do you have at least 20% equity in your home?

With 20%+ equity, you'll avoid LMI and access better rates. Even with less equity, refinancing can still be worthwhile.

Do you want to consolidate other debts?

Refinancing can roll high-interest debts (credit cards, personal loans) into your mortgage at a lower rate.

Are you unhappy with your current lender's service?

Poor service, slow processing, or lack of features are valid reasons to switch. You deserve better.

Do you want to access equity for renovations or investments?

Refinancing lets you tap into your home equity at low interest rates for improvements or investments.

✅ Answered "Yes" to 2 or more?

You should definitely get a refinance assessment. It takes 2 minutes and could save you thousands.

Get Free Assessment →

The Refinance Process

From start to finish in 2-4 weeks

1

Compare & Choose (Day 1-2)

  • Complete our 2-minute assessment
  • Compare 20+ lenders instantly
  • See your potential savings
  • Choose your preferred lender
⏱️ 2 minutes
2

Submit Application (Day 3-5)

  • Gather required documents
  • Submit formal application
  • Lender reviews your application
  • Property valuation ordered
⏱️ 2-3 days
3

Approval (Week 1-2)

  • Credit check completed
  • Property valuation done
  • Loan approved (conditional)
  • Provide any additional documents
⏱️ 5-10 days
4

Settlement (Week 2-4)

  • Sign loan documents
  • New lender pays out old lender
  • Loan officially switches over
  • Start saving immediately!
⏱️ 7-14 days

Refinancing Costs to Consider

Exit Fees (Old Lender)

$0 - $500

Many modern loans have no exit fees, but check your current loan contract. Fixed rate loans may have break costs.

Discharge Fee

$150 - $400

Your current lender charges this to release your mortgage. This is standard and unavoidable.

Application Fee (New Lender)

$0 - $600

Many lenders waive this fee during promotions. We'll find you lenders with no or low application fees.

Valuation Fee

$0 - $300

New lender needs to value your property. Often waived or covered by the lender.

Legal/Settlement Fees

$300 - $800

Conveyancing and settlement costs. Some lenders offer cashback to cover these.

Total Typical Cost

$800 - $2,000

Break-even: If you save $300/month, you'll recover costs in 3-7 months!

💰 Lender Cashback Offers

Many lenders offer $2,000-$4,000 cashback to refinancers. This can cover all your switching costs and more! We'll show you all cashback offers available.

When Should You Refinance?

🟢

Best Times to Refinance

  • Fixed rate expiring: Before you revert to a higher variable rate
  • Rates have dropped: When market rates are 0.5%+ lower than yours
  • Improved financial position: Higher income or credit score = better rates
  • Increased property value: More equity = access to better rates
  • Lender promotions: Cashback offers and rate discounts available
🟡

Consider Carefully If...

  • Planning to sell soon: May not recover switching costs
  • Recently refinanced: Unless rates dropped significantly
  • Low loan balance: Under $200k might not save enough
  • High exit fees: Calculate if savings outweigh costs
🔴

Not Recommended If...

  • In fixed rate with break costs: Unless savings are substantial
  • Credit score worsened: May not get better rates
  • Less than 12 months left: On your mortgage
  • Currently in arrears: Sort this out first

Why Refinance With Esteb and Co?

🤖

Smart Algorithm Matching

Our technology analyzes 20+ lenders and matches you with the best options based on your specific situation - not just the lowest advertised rate.

💰

Find Hidden Savings

We show you cashback offers, fee waivers, and rate discounts that most people miss. Many customers save more than expected.

Fast Comparison

See all your options in 2 minutes instead of spending hours researching lenders individually. Get matched instantly.

🆓

Completely Free

Our service is 100% free for you. We're paid by lenders when your loan settles, so we're motivated to find you the best deal.

📊

Transparent Comparison

See real rates, fees, and features side-by-side. No hidden costs or surprises. Know exactly what you're getting.

🎯

Personalized Recommendations

Not every lender suits every situation. We show you lenders who actually want your business based on your profile.

Common Refinancing Questions

How much can I save by refinancing?

Most people save $2,000-$6,000 per year. On a $500k loan, even a 0.5% rate reduction saves $2,500/year. Use our calculator to see your potential savings.

How long does refinancing take?

Typically 2-4 weeks from application to settlement. Can be faster if you have all documents ready and the lender is quick.

Will refinancing hurt my credit score?

Our initial assessment has no impact. The formal application causes one credit enquiry, similar to any loan application. Multiple enquiries in a short time don't significantly hurt your score.

Can I refinance if I have bad credit?

Yes, but your options may be limited. Some specialist lenders work with bad credit borrowers. We'll show you who's likely to approve you.

Should I fix or stay variable after refinancing?

Depends on your circumstances and rate outlook. Fixed gives certainty, variable offers flexibility. We can help you compare both options.

Can I include other debts when refinancing?

Yes! Debt consolidation is common. Roll high-interest credit cards or personal loans into your mortgage at a lower rate (if you have enough equity).

Ready to Save Thousands on Your Home Loan?

Compare 20+ lenders and see your potential savings in 2 minutes. Free assessment, no obligation.

$4,400
Average Annual Savings
2-4 weeks
To Complete Refinance
20+
Lenders Compared
Calculate My Savings →

✓ Free service ✓ 2-minute assessment ✓ No credit score impact