Work out whether switching is genuinely worthwhile.
We review the current balance, rate, fees, features, fixed-rate position, repayment history and remaining term. Then we compare suitable alternatives and the costs of moving.
A lower monthly repayment can still cost more.
Restarting a longer term may reduce repayments but increase total interest. Consolidating shorter-term debt into a mortgage can create the same issue. The comparison needs to show both cash flow and longer-term cost.
From 8.25% to a simpler structure.
See how one food-industry couple reduced estimated annual interest by more than $7,500 while removing features they no longer needed.
Read the refinance case study →Can your parents come off the arrangement?
If your parents used their property to support your home loan, a review can establish whether the guarantee is still needed. Your current lender may be able to release it, or a refinance may provide another path. The release must be formally approved and completed.
Read the guarantor-release guide →