How much can I save by refinancing my home loan?

Savings depend on your current rate, loan balance and the new rate available to you. Even a 0.5% rate reduction on a $600,000 loan can save over $3,000 per year. KP Mortgage compares 50+ lenders to find the best refinance rate for your situation.

How often should I review my home loan?

You should review your home loan every 1–2 years or when your fixed rate term ends. The lending market changes frequently, and staying with the same lender without reviewing often means paying a higher rate than necessary.

Are there costs to refinancing?

Refinancing costs can include discharge fees from your current lender ($150–$400), government registration fees, and potentially break costs if leaving a fixed rate loan early. These are usually offset by interest savings within 12–18 months.

Can I access equity when I refinance?

Yes. If your property has increased in value, refinancing allows you to access the equity built up. This equity can be used for renovations, investment, debt consolidation or other purposes, subject to lender approval and serviceability.

Refinance Specialist

Refinance Your Home Loan — Switch to a Better Rate & Save

Don't leave money on the table. We compare 50+ lenders to find you a sharper rate, better features and a loan that actually fits your life — at no cost to you.

Book a Free Review Call 02 8974 1452

No cost, no obligation — just clear, honest advice.

Why Refinance Now

Good Reasons to Make the Switch

Whether you want a lower rate, more flexibility or cash for a renovation — refinancing could put thousands back in your pocket.

💸 Lower Your Rate

Even a 0.5% rate reduction on a $600k loan saves over $180/month. We find the sharpest rate from 50+ lenders.

🔄 Consolidate Debt

Roll credit cards, personal loans or car finance into your home loan for one lower repayment and breathing room.

🏗️ Access Your Equity

Unlock equity built in your property to fund renovations, an investment deposit, or other goals.

📋 Better Loan Features

Offset accounts, redraw, flexible repayments — we match you to a loan that actually works for how you live.

🛡️ Fix vs Variable

Unsure whether to fix, split or stay variable? We explain the trade-offs and recommend the right structure.

⚡ Fast Turnaround

Pre-approval in as little as 48 hours. We handle the paperwork, deal with the lender, and keep you informed.

How We Compare

Going Direct vs. Using KP Mortgage

Going Direct to Your Bank

✓One lender, one rate

✓You do the research

✓Standard products only

✓No advocacy on your behalf

✓Time-consuming paperwork

RECOMMENDED

KP Mortgage Broker

✓50+ lenders compared for you

✓Expert rate negotiation

✓Full application handled

✓We advocate for your approval

✓Ongoing support after settlement

✓Free service — paid by lender

Online Comparison Sites

✓Rates may not be available to you

✓No personalised advice

✓You still apply yourself

✓No lender relationship

✓No support if issues arise

How It Works

Your Refinance Journey — 4 Simple Steps

1 Free Loan Review

We analyse your current loan, rate and fees to calculate exactly what you could save by switching.

2 Compare & Recommend

We search 50+ lenders and present your top options with clear savings breakdowns — no jargon.

3 We Handle Everything

From the application to liaising with your new lender, we manage the process end-to-end.

4 Settlement & Beyond

Your new loan settles, you start saving — and we stay in touch to keep your loan competitive long-term.

Real Result

$610/month saved — without extending the loan term

Mark and Lisa had been with their bank for 9 years. When they came to us their rate was 6.74%. We refinanced them to 5.89% with an offset account — saving $610 every month from day one, with no change to their remaining loan term.

$610

Saved/month

0.85%

Rate reduction

3 wks

To settlement

"Kevin found us a rate our bank refused to match. The whole process took three weeks and we didn't have to lift a finger."

— Mark & Lisa, Parramatta

See What You Could Save

Customer Reviews

What Our Customers Say

Common Questions

Refinance FAQs

How do I know if refinancing is worth it?

We run a full cost-benefit analysis for you — comparing your current rate and fees against the best available options. If the numbers don't stack up, we'll tell you honestly. If they do, we quantify exactly what you'll save.

Will refinancing affect my credit score?

Every loan application creates a credit enquiry. We minimise this by identifying the right lender before applying and avoid shotgun applications. Most clients see no material impact.

How much does it cost to refinance?

There may be discharge fees from your current lender (typically $150–$400) and government registration fees. Many lenders offer cashback offers of $2,000–$4,000 that more than offset these. Our service is free — we're paid by the lender.

Can I refinance if I have less than 20% equity?

Yes, though you may need to pay Lenders Mortgage Insurance (LMI) again. We calculate whether the rate saving outweighs the LMI cost, and in many cases it still makes sense — especially with cashback offers.

How long does refinancing take?

Typically 3–6 weeks from application to settlement. We expedite the process by preparing your file correctly from the start and managing lender communication throughout.

Do I need to change banks to get a better rate?

Not necessarily. Sometimes your existing lender will reprice if threatened with leaving. We negotiate on your behalf first — and if they won't move, we switch you to one who will.

Start Saving Today

Find Out How Much You Could Save

A 15-minute call is all it takes. We'll review your current loan, run the numbers and tell you exactly what's possible — with no obligation to proceed.

Book a Free Loan Review 📞 02 8974 1452

Free service. No obligation. We're paid by the lender, not you.

02 8974 1452

Level 35, Tower One

8:30am – 5:00pm