EVERYTHING YOU NEED TO KNOW WHEN REFINANCING



Feeling trapped by your current home loan rate? Many Australian homeowners don't realize that their lenders aren't incentivised to help them pay off their mortgages faster.

At LendAU, we take a completely different approach by prioritizing your financial wellbeing.

Our expert brokers specialise in reviewing home loan rates to find you better options and showing you effective strategies to make additional repayments that can dramatically reduce your loan term. Even small increases to your regular payments can save you thousands in interest and cut years off your mortgage.

We'll help you understand how refinancing to a more competitive rate combined with strategic extra payments creates a powerful combination for building equity faster and achieving financial freedom sooner.

Not a reader? That's okay – simply contact your LendAU Broker today for a FREE refinance consultation where we'll analyze your current loan, explain your options in clear terms, and create a personalised plan to help you pay off your mortgage years sooner.

REASONS TO REFINANCE YOUR HOME LOAN IN 2025

Looking to make a smart move with your mortgage this year? . Here are the top reasons why 2025 might be the perfect time to review your home loan:

Secure a Lower Interest Rate

  • One of the most compelling reasons to refinance is to take advantage of a more competitive interest rate. If market rates have dropped since you got your loan or your credit score has improved, refinancing could save you thousands over the life of your loan. Even a small reduction in your rate can make a significant difference to your overall repayments.

Reduce Your Monthly Payments

  • Finding your budget stretched too thin? Refinancing can help lower your monthly mortgage payments by securing a better rate or adjusting your loan term. This extra breathing room in your budget can make a real difference to your day-to-day finances.

Access Your Home's Equity

  • If your property has increased in value or you've been diligently making repayments, you've likely built up valuable equity. Refinancing allows you to access these funds for home renovations, investing in additional property, education expenses, or other important financial goals.

Consolidate Debts into One Simple Payment

  • Juggling multiple high-interest debts like credit cards or personal loans? Refinancing gives you the opportunity to roll these into your mortgage, potentially saving on interest rates and simplifying your finances with just one manageable monthly payment.

Change Your Loan Structure

  • Perhaps you'd like to switch from a variable to a fixed rate for more certainty in your repayments, or maybe you're ready to change from interest-only to principal and interest. Refinancing lets you restructure your loan to better match your current financial situation and goals.

Find a Better Lender Experience

  • Frustrated with poor customer service or outdated banking platforms? Refinancing gives you the freedom to choose a lender that better meets your needs with improved service, better features, and a more supportive approach to your financial journey.

Add Valuable Loan Features

  • Modern home loans come with helpful features that might not have been available with your original loan. Refinancing allows you to access benefits like offset accounts, redraw facilities, or flexible repayment options that can help you save interest and pay off your loan faster.

Adapt to Life Changes

  • Major life events such as marriage, starting a family, career changes, or preparing for retirement often require adjustments to your financial arrangements. Refinancing allows you to align your mortgage with your current life circumstances and future plans.

What Are The Fees Involved When Refinancing?

When considering refinancing your home loan, it's important to understand the various costs involved. At LendAU, we believe in complete transparency about these fees so you can make an informed decision about whether refinancing is the right choice for your financial situation.


Application Fee

Most lenders charge an application fee when you refinance your home loan. This covers the administrative work involved in processing your new loan application. The amount can vary significantly between lenders, which is why comparing options is so important before making your decision.


Settlement Fee

When transitioning from one loan to another, settlement fees cover the legal and administrative costs of transferring your mortgage to your new lender. These fees ensure all documentation is properly processed and your property's title is correctly registered with your new loan.


Discharge Fee

Your existing lender will typically charge a discharge fee when you refinance elsewhere. This fee covers the process of releasing their claim on your property and finalizing your current loan account. While unavoidable when changing lenders, the potential savings from refinancing often outweigh this one-time cost.


Ongoing Fees

Beyond the upfront costs, consider any recurring fees associated with your new loan. These might include annual package fees, account keeping charges, or other regular expenses that impact the overall value of your refinance. Lower interest rates can sometimes come with higher ongoing fees, so look at the complete picture.




Your LendAU Broker will work closely with potential lenders to understand all applicable fees for your specific situation. We'll help you weigh these costs against the benefits of refinancing, such as securing a lower interest rate, accessing improved loan features, or consolidating other debts, ensuring you're making a financially sound decision.

Navigating Home Loans with LendAU

Home loan navigation can be challenging, particularly when you're unsure about the right choice for your needs.


Fortunately, teaming up with a home loan expert ensures that you have a knowledgeable ally to guide you through the process.


Our dedicated brokers understand the Australian mortgage landscape and can help you navigate everything from government schemes to no-deposit options.


We're here to simplify complex decisions and find the perfect home loan solution for your unique situation.


Contact LendAU today and take your first step toward homeownership with confidence!