Refinance Home Loan

Home Loan Rates at an All-Time Low. Refinance Today!

Instant access in 1 minute to the same tools that brokers use. Compare home loan rates across 30+ Australian lenders.

No annoying sign-ups or emails required to see results. Only when you’re ready, get qualified with us and start saving today!

We negotiate home loan rates as low as

6.09 % P.A. ^*

6.09 % P.A. Comparison rate^{^}

Interest Rates are indicative as of 26th Sept 2024

Seek to refinance Our forms will not affect your credit file

Find the best home loan for your specific needs

Make better financial decisions while protecting your credit rating

Receive free expert advice from experienced mortgage brokers

Compare Refinance Home Loans Australia

Refinancing is the helpful process of taking out a new loan to repay an existing loan- often because there has been a sudden change in your financial situation or because you’re looking for a better deal on your home loan.

If you’re looking to finance your home or business, you can easily get 24/7 access to the same tools that leading lenders and mortgage brokers use. At Rateseeker, we help you compare home loan rates and refinance home loans across 30+ Australian lenders.

No annoying sign-ups or emails required to see results. Only when you’re ready, easily qualify for a refinance home loan with us and start saving today!

Contact a mortgage broker

How can refinancing your loan help you?

Refinancing your mortgage allows homeowners to acquire loans with better interest rates or additional features that better their new financial situation. With home loan rates currently at an all-time low, a refinance home loan may be a lucrative option to improve your future financial situation.

Some homeowners refinance a mortgage to turn real estate equity into cash for home renovations, make other investments, or finance a well-deserved holiday. Borrowers may also take out new home loans to simplify their finances by combining their multiple, high-interest debts into a single, lower-interest loan. Whatever your unique requirements, our qualified mortgage experts at Rateseeker can help you fully understand the upsides and downsides of refinancing your home loan. We will assess if refinancing your mortgage is the right decision for you and help calculate, and lock down a better deal on your home loan with ease.

→ Learn more: Calculate your repayments accurately

The best times to refinance your mortgage

The best time for you to get a refinance home loan depends on your personal and financial circumstances, as well as your refinancing goals. Consider the following questions:

Are you looking to reduce your repayments?
Looking to pay off your loan faster?
Get cash out of your home?
Looking to consolidate debt?
Increase the flexibility of your home loan?
Or take advantage of special offers and incentives?

Whatever your goals, our mortgage experts can help clarify your goals to better find the best refinance product that suits your lifestyle.

If you believe that you are paying too much for your current home loan, or the interest fees, ongoing fees, and the features offered by another lender may suit your financial goals more, refinancing your mortgage is worth considering.

It’s important to note that if you have less than 20% equity in your property, you may be required to pay Lenders Mortgage Insurance (LMI) when you start refinancing- even if you had already paid LMI previously when you applied for a loan with a low deposit.

→ Comparing home loan products? Use our easy-to-use calculators to find the best loan for you.

Why choose Rateseeker to refinance your home loan?

It is our goal to make refinancing your home loan simpler for every Australian. Our mortgage specialists have access to a comprehensive list of home loan refinance products from Australia’s leading national banks and top lenders. As a result, we do our utmost to help borrowers to secure lower interest rates, consolidate debt or cash out some equity from their current property.

By partnering with Rateseeker, you get a licenced expert on your side to better help you secure the most beneficial refinance rates available. We provide expert advice, helping you compare today’s mortgage rates from top Australian lenders, so you choose the refinance home loan product that suits your lifestyle and financial capabilities.

For more information about our services, head on over to our FAQs. We’ll be more than happy to answer all your questions.

FAQs about Refinancing a Home Loan

What is Refinancing?

Refinancing is a process of taking out a new loan to pay off the existing loan typically at a lower rate or for better features. People wanting to change their home loan is usually because of a change in the circumstances or goals which can be a smart way to manage money. It may give you the option of securing a lower interest rate, consolidating debts or unlocking equity from your current property. Speak with one of our mortgage brokers and find out if refinancing is right for you.

Why do people refinance?

Refinancing can be used for various reasons, which include but aren’t limited to: Home Renovations, Reducing monthly repayments, Lowering your interest rate, Cashing out your Home Equity, Raise cash for another purchase (another house, car, boat etc), Access Additional home loan features (offset account, redraw facility etc.), Borrow additional funds

How much does it cost to refinance?

Refinance can help you save money and own your home sooner however there are costs involved in refinancing from one lender to another lender.

Why should I use Rateseeker over a bank for my Home Loan?

Going direct to a bank for your home loan means you will only be getting advice on their own home loan products. As much as we would all love a perfect world, a bank will never tell you if other lenders are offering a better rate or deal or whether a different lender's product is better suited to your needs.

What fees does Rateseeker charge?

Absolutely nothing. We get paid indirectly by the banks so we don't charge our clients any consultation fee. In other words, the bank pays us for bringing in new application while giving you the right credit advice. It’s a win - win for everybody.

How much can I borrow for my loan?

Your borrowing power is affected by many factors, such as (but not limited to): your income, price of the property you’re looking to purchase, any other debts you currently hold, no. of dependents, your current living expenses

Meet one of our experts

Director Nick Chong

As a founder of Ardent Capital Group, Nick Chong brings more than 12 years of financial planning and mortgage broking experience. This, together with his strong economics background, gives him the expertise to lead his handpicked talented team of advisers.

Meet the rest of our team

Industry Insights

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Buying or refinancing your home requires careful planning and choosing the right lender, explore why over 80% of borrowers use a trusted broker.

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Discover the truth about personal loans as we debunk common myths. Learn to secure the right loan for your needs, even with a low deposit or imperfect credit.

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RBA Cash Rate Update: Held at 4.35% Amid Uncertainty

RBA holds cash rate at 4.35% in September 2024, balancing inflation control with weak growth and a resilient housing market. Next update set for November.

by Nick Chong

26/09/2024 in Tips & Hacks

Manojkumar Dundigalla

23 September 2023

I have being using there service since 2015 and happy with their service. Nick & Jason provide great customer experience besides guiding with excellent professional advice. I highly recommend for anyone who are planning meet achieve their financial commitments like home loans.

Daniel B

21 September 2023

Great experience, Nick and Kevin helped me refinance my loan, laid out options and explained in depth to me based on my situation and was always available to answer questions

Lily Nguy

I had an outstanding experience working with Kevin and Nick. They were incredibly attentive, helpful, and consistently went above and beyond to assist me in securing the best mortgage deal. Their dedication and expertise made the entire process smooth and stress-free. I highly recommend their services to anyone in need of a mortgage broker who truly cares about their clients' financial well-being.

Ben N

20 September 2023

Both Jason and Kevin have been a tremendous help along the way in helping us find the most competitive rates and handling the entire process start to finish. They are professional yet down to earth and I would rate their service 11/10. Don't hesitate to get in touch with the team at Rateseeker. You're in good hands.

Richard N.

19 September 2023

The team were very personable and their passion for their work was palpable. We were given high quality customer service the entire time as they guided us through the process of financing for our first property.

Tennille Rhodes

28 August 2023

After dealing with several brokers in the past Nick and his team were very helpful and great to deal with. Will be using their services again in future if needed.

Morteza Saffari

24 August 2023

I can't thank my broker Jason enough for his exceptional support throughout out home-buying journey. His deep knowledge of the market, tireless dedication, and impeccable communication skills made the process incredibly smooth. He listened to our preferences and concerns, always going above and beyond to find properties that matched out needs. His guidance during negotiations was invaluable, and I truly felt like he had out best interests at heart. Thanks to my broker, we now have our dream home and a wonderful experience to remember. I enthusiastically recommend his services to anyone in need of a top-notch real estate broker.

Julia Lo

22 August 2023

Great customer service..