Home Loan Refinancing
Home Loan Refinancing Australia: Compare 60+ Lenders and Switch with Confidence
We’ll make refinancing easy for you, because you should be saving money, not stuck wondering if your current lender is still the right fit.
Lodestar Finance compares home loan refinancing Australia wide from 60+ lenders, whether you want a lower interest rate, to consolidate debt, release equity, or simply move away from a lender that no longer suits you.
Lodestar Finance Pty Ltd · Credit Representative (CRN 571879) of Purple Circle FS · Australian Credit Licence 486112 · 60+ Lenders Compared
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Transparency
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Clients Served
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How Refinancing Works in Australia
Refinancing is common, but every lender assesses it a little differently. Here is what typically matters:
Your Equity Position
Lenders look at how much of your property you actually own. More equity generally means access to better rates and more lender options.
Your Income and Expenses Are Reassessed
Refinancing is a new loan application, so lenders reassess your current income, expenses, and debts, even if nothing else about the property has changed.
Switching Costs Can Affect the Numbers
Discharge fees, new lender fees, and possible break costs all factor into whether refinancing actually saves you money.
Timing Around Your Fixed Rate
If you are on a fixed rate, refinancing before it ends can trigger break costs. We help you weigh that against what you would save by switching early.
Our Lenders
Why a Broker, Not Just a Bank
Since 2021, brokers in Australia are legally required to act in your best interests when recommending credit, a legal obligation known as the Best Interests Duty. Banks have no equivalent obligation, they only have to offer you their own products.
Who’s Eligible for Refinancing?
- Currently hold a home loan you want to review or replace
- Be an Australian citizen or permanent resident
- Show proof of income such as payslips, tax returns, or bank statements
- Have a reasonable repayment history on your current loan
- Have enough equity to meet the new lender’s requirements
What Can You Use Refinancing For?
Refinancing is not just about chasing a lower rate. Homeowners refinance to consolidate credit cards and personal loans into one repayment, release equity for renovations or an investment property, switch from a fixed to a variable rate (or the other way around), add features like an offset account, or simply move on from a lender whose service or rates no longer stack up.
CALCULATORS
Get a Real Number in Under a Minute
Curious what you could borrow, or what your repayments might look like? Try one of our free calculators, no signup required.
With Lodestar Finance
You don’t have to figure it out alone! We'll help you with:
Review Your Current Loan
We start by breaking down your existing rate, fees, and features, so you know exactly what a new lender needs to beat.
Compare the Market
Not every lender treats refinances the same way. We compare across our panel and connect you with the ones that actually suit your situation.
Handle the Paperwork
Applications, valuations, discharge forms, we manage the details so you are not chasing your old bank and your new one at the same time.
Guide You to Settlement
From the first chat to the day your new loan settles, you will have real experts explaining your options in plain language.
Testimonials
Amazing Reviews From Our Clients
Jake Wilson
Went through Lodestar Finance for my home loan and it was honestly a really good experience. No pressure, no confusion. They just explained things properly and got it done. Would use them again.
Lauren McKay
I was expecting the whole loan process to be a headache, but it wasn’t. Lovepreet handled most of it and kept checking in so I knew where things were at. Made life a lot easier.
Tom Reynolds
Everything was pretty straightforward and communication was solid the whole way through. Saved me money too, so no complaints.
Gurpreet Singh
As a first home buyer I had no idea what I was doing. The team at Lodestar were patient and answered all my questions without making me feel silly. Really appreciate that.
Chloe Bennett
Really easy to deal with and super responsive. If I had a question, they got back to me quickly. Didn’t feel stressed at any point, which says a lot.
Rohan Patel
The process was smooth from start to finish. Nothing dragged on and everything was explained clearly. Overall just a solid, reliable experience.
Refinancing Types You Can Choose From
Rate and Term Refinance
Switch lenders or loan terms to secure a better rate.
Cash Out Refinance
Release equity from your property for renovations or investment.
Debt Consolidation Refinance
Combine other debts into your home loan at a lower rate.
Fixed Rate Refinance
Lock in a steady repayment amount for predictable budgeting.
Variable Rate Refinance
Keep flexibility with a rate that moves with the market.
Investment Loan Refinance
Restructure an investment property loan for better returns.
FAQs
Frequently Asked Questions
You replace your current home loan with a new one, ideally on better terms. We compare your existing loan against 60+ lenders to see whether switching genuinely saves you money.
Costs can include discharge fees from your current lender, application fees with the new one, and possible Lenders Mortgage Insurance if your equity position requires it. We factor these in before recommending a switch.
Most refinances settle within two to four weeks, depending on the lender and how quickly documents are provided.
One application will not hurt it much, but multiple applications in a short period can. We compare lenders upfront so you only apply once.
Yes, though you may need to pay Lenders Mortgage Insurance again, or the new lender's LMI may differ from what you paid originally. We will walk you through whether it is worth it.
Staying with your current lender (an internal refinance) is often faster but may not get you the best rate. Switching lenders (an external refinance) usually takes longer but opens up the full market.
Yes, this is called a cash out refinance. Lenders will want to know what the funds are for, and it can affect how much they are willing to lend.
You can still refinance, but you may face a break cost. We will help you weigh that cost against the savings from switching early.
Banks only show their own products, and only have to offer what is in their own range. As a broker, we are legally required under the Best Interests Duty to prioritise your interests, we compare many lenders, explain the fine print, and manage the process end to end.
The information on this page is general in nature and does not take into account your personal objectives, financial situation, or needs. Lodestar Finance Pty Ltd is a Credit Representative (CRN 571879) of Purple Circle Financial Services Pty Ltd, Australian Credit Licence 486112.
Ready to Compare Refinancing Options Australia Wide?
It’s free, it’s obligation free, and it usually takes less than 20 minutes to get started.