If you haven't reviewed your home loan in the last 2–3 years, there's a good chance you're paying more than you need to. WJ Home Loans compares refinance options across 40+ lenders — helping you lower your rate, reduce repayments or unlock equity.
Refinancing means replacing your existing home loan with a new one — either with your current lender (internal refinance) or a different lender (external refinance). People refinance for a range of reasons: to access a lower interest rate, reduce monthly repayments, switch from variable to fixed, consolidate debt or access equity.
The key consideration is whether the financial benefit of refinancing outweighs the costs involved — including break costs (if on a fixed rate), discharge fees, application fees and any LMI implications. WJ Home Loans will run the numbers with you to assess whether refinancing makes sense in your situation.
Our refinance assessment has no obligation to proceed. We compare options across our panel and provide a clear picture of your potential savings — with no obligation to proceed.
There are several reasons to refinance and several ways to structure the new loan. We'll help you understand which applies to you.
Switching to a lower interest rate is the most common reason to refinance. Even a 0.3–0.5% rate reduction can result in significant savings over the life of your loan.
Roll higher-interest debts (car loan, credit cards, personal loans) into your mortgage. This can reduce your overall repayment burden, but extends the term of those debts — we'll explain the full picture.
If your property has increased in value, refinancing can unlock equity for renovations, a deposit on an investment property, or other major expenses.
Moving from variable to fixed (or vice versa) can suit changes in your financial circumstances or risk appetite. We'll compare current fixed and variable options across our panel.
Gain access to an offset account, redraw facility or better repayment flexibility — features that could save you money over time even if the rate difference is modest.
Separation or change in circumstances may require removing a borrower from the title and loan. Refinancing is often part of this process — we'll explain what's involved.
We calculate the break-even point on refinancing — factoring in all fees and costs — so you can see exactly when and whether you'll come out ahead.
Your current lender may not offer the most suitable rate for your profile. We compare the broader market to find options that genuinely improve your position.
Refinancing involves paperwork, valuations and coordination between lenders. We manage the process so you don't have to.
Part of WJ Capital Partners — a trusted Australian finance group with deep expertise across property, lending and investment.
We'll review your current rate, loan features and remaining term — and compare it against what's available across our lender panel.
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Refinancing with WJ Home Loans is straightforward. Here's what to expect from initial review to settlement of your new loan.
We review your current loan — rate, structure, remaining term, features and any break costs — and compare it against available options across our panel.
We model your potential savings and break-even point, accounting for all refinancing costs, so you can make an informed decision.
Once you decide to proceed, we prepare and lodge your refinance application, coordinate the lender valuation and manage the process to approval.
We coordinate the discharge of your existing loan and settlement of the new one — ensuring a clean switch with no gap in cover.
It depends on your current rate, loan balance and remaining term. Even a 0.3% rate reduction on a $500,000 loan can save over $1,500 per year. We'll calculate your specific savings and compare them against refinancing costs so you know whether it's worth it.
Typical refinancing costs include a discharge fee from your current lender ($150–$400), new loan application fees (if applicable), and a property valuation fee. If you're on a fixed rate, there may also be a break cost. We'll outline all costs upfront before you commit.
Yes, but fixed-rate loans typically attract a break cost if you exit early. The break cost depends on wholesale rates at the time and how much time remains on the fixed period. We'll help you calculate this and assess whether refinancing still makes financial sense.
A standard refinance typically takes 2–6 weeks from application to settlement, depending on the lender's assessment process, valuation turnaround and discharge timing from your existing lender. We'll keep you updated throughout.
A credit enquiry is made when you apply to a new lender, which may have a small, temporary impact on your credit score. This is generally outweighed by the financial benefit of accessing a more competitive product. Multiple applications in a short period can have a more significant impact — we aim to match you to the right lender the first time.
Yes — debt consolidation refinancing rolls higher-interest debts (car loans, credit cards, personal loans) into your home loan. This can significantly reduce your monthly repayments. However, extending these debts over a longer mortgage term means you may pay more total interest. We'll model both scenarios so you understand the full picture.
Our team of brokers is happy to talk through your situation — no obligation and no pressure.
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