See what refinancing could save: enter your balance, your current rate and the rate on offer for the monthly saving and the total over the term.
Example rates only, not current advertised rates. Set both sliders to your own figures.
Over the remaining term, before switching costs and fees, we model those before recommending a move. Estimates only, not credit advice.
Confirm your numbers.
The monthly difference between the two repayments, and that difference over the remaining term, before switching costs.
Subtract the costs, typically discharge and registration fees plus any lender fees, to see whether the saving is worth it: if the monthly saving repays them within a year or so, it usually is.
Part of the refinancing guide.
Your sold sign could be next.
Start with a free call. No credit check, no obligation.
Book my free callCharles and the team recently assisted me with the refinance of my investment property.
Charles Touma from Links Property Finance was a great help with buying my first home. I had plenty of questions and he took the time to explain things clearly without making me feel rushed. He kept me updated throughout and made the process much less stressful. Really appreciated his patience and would happily recommend him to other first home buyers.
A huge thank you to Charlie for his exceptional support and expertise throughout the process of securing finance for my first home.
Charles Touma, Mortgage Broker.
A retention offer costs nothing to request and sometimes closes most of the gap without any of the paperwork. If it does not, you have a documented comparison to act on. There is a short guide to asking for a better rate linked below.
Enough that the saving over the years you keep the loan beats the switching costs: there is no universal figure, because your balance and remaining term matter as much as the gap.
A small difference on a large balance over a long term can be worth more than a larger difference on a small balance. Use the total figure rather than a rule of thumb.
Only slightly: the application creates a credit enquiry, which is unremarkable on its own. Several applications in a short period read poorly, so apply once, to the right lender.
It depends on the resulting loan to value ratio. If the loan is a high proportion of the current value the options narrow and mortgage insurance may re-enter the picture. A valuation is the first thing to establish rather than the last.
That is a separate decision from switching: fix if you want certainty for a set period, stay variable if you want flexibility. The fixed versus variable guide sets out what each commits you to, including what happens when a fixed period ends.
Often a few weeks, depending on the lender and how quickly you provide documents. The part you control is the paperwork, which is why the refinance checklist exists.
Charles will compare what you are on now against what is available to your profile, including the costs of moving. Free, no credit check.
Estimates only, not credit or financial advice. This tool uses general assumptions and cannot see your credit file, verify your income or apply any particular lender's policy. Your position is confirmed in a full assessment.
