Refinancing
Could you be paying less on your home loan?
We compare refinance options across 50+ lenders to help you reduce repayments, access equity, consolidate debt or simply get a loan that fits your life now.
Refinancing in short
Refinancing means replacing your current home loan with a new one, with your existing lender or a new lender. MKS Lending reviews your loan for free, compares options across 50+ lenders, explains any costs, and only recommends switching when the benefit is clear.
Why refinance
It's not only about a lower rate.
Your circumstances change over time, and so does the home loan market. If you have had your mortgage for a few years, you may be paying more than you need to, missing out on useful features, or holding a loan that no longer fits your plans.
Homeowners commonly refinance to:
- Reduce repayments
- Access equity for renovations or investment
- Consolidate personal debts into one loan
- Set up a structure for debt recycling, with your accountant
- Switch between fixed and variable rates
- Remove unnecessary fees
- Add an offset account or redraw
- Better align the loan with new goals
Is it time?
Signs it is worth a review.
Your loan has not been reviewed in 12 months
Lenders often reserve sharper rates for new customers.
Your fixed rate is ending
Rolling onto the lender's standard variable rate can cost hundreds a month.
Your property has gone up in value
More equity can mean a lower rate tier or no LMI.
Your income or plans have changed
Renovating, investing or growing your family may call for a different structure.
Our refinance process
Four steps, and we do the heavy lifting.
Review your current loan
We look at your rate, fees, features and goals.
Compare your options
We compare refinance loans across our lender panel, including a retention offer from your current lender.
Recommend
We explain the costs and benefits so you can see whether switching is worth it.
Apply and settle
We prepare the application, deal with both lenders and keep you updated through settlement.
Why MKS Lending
Refinance with confidence.
Independent comparisons
Loans compared across our panel, not limited to one bank.
Costs explained upfront
Discharge fees, government charges and establishment costs, set against the savings.
Long and short-term view
A recommendation that suits today and where you are heading.
Support after settlement
We keep reviewing your loan so you do not drift onto a higher rate again.
Talk to Kristian Said, Senior Mortgage Broker
MFAA-accredited and based in Moonee Ponds, Kristian helps first home buyers, upgraders, investors and people building their home find a loan that fits, and explains every step in plain English.
Client reviews
What our clients say.
I have used MKS Lending Group for both home loan financing and home loan refinancing. Kristian has been wonderful to work with, always answering any questions and providing advice anytime. I highly recommend MKS for any home loan needs.
Teo reviewed our home loan and got a better deal plus money to renovate our house.
I've used Kris for two loans now and both experiences have been great. He's easy to deal with, communicates really well, and clearly knows his stuff. Highly recommend.
Free loan review
Get your free refinance review
Tell us a little about your plans. A broker will call you, usually within one business day, to talk through your options. No cost and no obligation.
We listen first
A short chat about your goals, income and timing.
We compare 50+ lenders
30+ banks and 20+ private lenders, not just one bank's products.
You decide
We explain the options in plain English. There is no pressure to proceed.
Questions
Frequently asked questions
How do I know if refinancing is worth it?
We compare your current loan with available options and weigh up any switching costs. If the savings or features do not justify a change, we will tell you.
Can I refinance with my current lender?
Yes. Sometimes your current lender will reprice or restructure your loan. We compare that against switching so you see the full picture.
Can I access equity when refinancing?
Often, yes, for renovations, investment or other approved purposes. How much depends on your property's value, your loan balance and lender criteria.
Will refinancing affect my credit score?
A new application usually involves a credit enquiry. We prepare your application properly before it is submitted, to avoid unnecessary enquiries.
What does it cost to refinance?
Costs can include discharge fees, government registration fees and establishment fees, depending on the lenders involved. We explain them upfront.
Ready for a better home loan?
Book a free, no-obligation loan review. We compare the market and show you exactly what is possible.