Refinance for a good reason.

A good refinance pays for itself within months and keeps paying for years. A bad one resets your costs, extends the term and leaves you no better off, all for a headline rate that looks better on paper than it does in your account.

Four good reasons to refinance

There are four good reasons to refinance: a meaningfully lower rate; a better structural fit, such as a loan with an offset, a split or a different repayment profile; cashflow relief, by consolidating higher-cost debt into the mortgage with the right ring-fencing; and access to equity for your next move. The bad reason is reflex. That means refinancing because an ad offered cashback, without comparing the total cost over the remaining life of the loan.

Every refinance conversation starts with the numbers: break costs on fixed loans, an LMI reset if you're above 80% LVR, discharge and registration fees, and a straight comparison of your current rate against the target rate over the remaining term. We model all of it before we recommend a move.

Choose your refinance

Home loan refinance

The standard rate-and-structure refinance, modelled from start to finish.

Refinance your loan

Debt consolidation

When it makes sense to roll personal, car and credit card debt into the mortgage, and when it doesn't.

Consolidate debt

Cashback offers

How the maths on a cashback refinance works, and who comes out ahead.

Cashback analysis

Annual rate review

Our free, automatic yearly loan review, included in every Hypercube engagement.

Rate review service

Refinancing FAQs

Is it worth refinancing for a 0.3% rate drop?

Sometimes. On a $600k balance, 0.3% is roughly $1,800 a year in interest. If the discharge, registration and setup costs total $800, you've paid off the switch inside five months, and the rest is saving. On a $200k balance with the same cost, the payoff window is much longer. Balance size and remaining loan term drive the answer.

What about break costs on my fixed loan?

Break costs on a fixed loan can be large, especially early in the fixed term. We calculate the break cost first. If it's punitive, we usually recommend waiting until the fixed period ends.

How often should my loan be reviewed?

Every twelve months at minimum. Rates, lender policy and your own finances can all change in a year. The annual rate review is how we check you aren't paying a loyalty tax without realising it.

Will refinancing hurt my credit score?

A single, deliberate application has a minor temporary effect on your credit file. Scattering applications across five lenders in a month is what damages your score, so we only submit to the lender we've already selected.

General advice disclaimer. The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you before acting on it, and seek professional advice where relevant.

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