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Refinancing

Compare rates and potentially save thousands. Our brokers find better deals for your situation.

Refinancing in Perth - Is It Time to Switch?

If you haven’t reviewed your home loan in the past 12-24 months, you could be paying more than necessary. Perth refinancing brokers in our network compare your current loan against products from over 100 lenders to identify potential savings.

Why Refinance Your Perth Home Loan?

Interest rates and lender policies change constantly. A rate that was competitive when you first took out your loan may no longer stack up. Our brokers help Perth homeowners:

  • Find lower interest rates
  • Access cashback offers when switching
  • Consolidate debts into one loan
  • Release equity for renovations or investments
  • Switch from interest-only to principal and interest
  • Remove a guarantor

How Much Could You Save?

Even a small rate reduction adds up. On a $500,000 loan, reducing your rate by 0.5% could save around $2,500 per year. Many Perth homeowners are on rates from 2022-2023 that are well above current market offers.

Your broker will calculate the true cost of switching, including any break fees, discharge costs, and establishment fees, to ensure refinancing makes financial sense.

The Refinancing Process

Refinancing is similar to applying for a new loan. You’ll need to provide:

  • Recent payslips or income evidence
  • Bank statements
  • Current loan statements
  • Property valuation (often arranged by the new lender)

Most refinances settle within 4-6 weeks from application.

Lenders Available Through Our Network

Our Perth brokers have access to:

  • Major banks - CBA, Westpac, NAB, ANZ, Bankwest
  • Second tier - St.George, Suncorp, ING, Macquarie
  • Non-bank - Pepper Money, Liberty, La Trobe Financial, Resimac

Each lender has different policies on serviceability, property types, and borrower situations.

Perth Refinancing Considerations

Property values in suburbs like West Perth, Fremantle, and Perth CBD have shifted significantly. Your equity position may have changed, potentially opening up better loan-to-value ratios and more competitive products.

Get a Free Refinance Assessment

Connect with a Perth broker who can review your current loan and compare alternatives. No cost, no obligation to proceed.

What's Included:

Comprehensive Market Comparison
Personalized Strategy Session
Full Application Management
Credit Policy Assessment
Pre-approval Facilitation
Ongoing Annual Reviews

Frequently Asked Questions

When should I consider refinancing?

Consider refinancing if your rate is higher than current market rates (competitive rates start from 4.85%), your fixed rate period is ending, your circumstances have changed, or you want to access equity. Refinancing has hit a four-year high in Australia.

What are the costs of refinancing?

Typical costs include discharge fees from your current lender, application fees from the new lender, and potentially break costs if exiting a fixed rate early. Total costs average around $1,000. Your broker will calculate whether savings outweigh costs.

Financial planning and savings - Perth refinancing broker services

Connect with Your Perth Home Loan Broker

Tell us what you need and we'll connect you with a qualified broker from our network. Free, no obligation.

Your details are shared only with matched brokers. We respect your privacy.

Why Choose Us?

  • 01.

    Unbiased advice independent of major bank influences.

  • 02.

    Access to non-bank lenders and wholesale rates.

  • 03.

    Specialist expertise in complex credit scenarios.

Areas We Serve

Perth CBD West Perth Subiaco Fremantle