Refinancing

Check whether your loan is still working for you.

Rates move and lender rules change. The loan that suited you a few years ago might not be the best fit today. A refinance review looks at the whole picture — not just whether a lower rate exists somewhere else.

Why review your loan

A lower rate isn’t automatically a better deal.

Cashback offers and advertised rates can look great on the surface. But they don’t always account for break costs, discharge fees, or losing features like an offset account (a savings account linked to your loan that lowers your interest). A proper refinance review weighs the full cost of switching against what you’d actually save over time.

Refinancing is also a good time to rethink your whole loan setup — rolling other debts into one loan, using your equity (the value you already own in your home) for a renovation, or restructuring before buying an investment property.

Rate check

We compare your current rate against what’s realistically available, based on your loan-to-value ratio (how much you owe compared to the property’s value) and your credit history.

Feature audit

We check whether features like an offset account or redraw (taking back extra repayments you’ve made) are worth more to you than a slightly lower rate.

Break cost vs savings

We work out if the cost of leaving your current loan is actually smaller than what you’d save by switching.

Refinance options

The main reasons people refinance.

Each reason changes what we focus on when comparing your options.

Rate & term

Rate and term refinance

Simply moving to a better rate or loan term with a different lender, once we’ve checked the numbers still work after switching costs.

Promotional

Cashback offers, weighed properly

Cashback deals can be genuinely worthwhile. We check the ongoing rate and the fine print behind the upfront offer before recommending it.

Simplify

Debt consolidation refinance

Rolling higher-interest debt (like credit cards) into your home loan, to simplify repayments and cut overall interest — when it genuinely makes sense to do so.

Access equity

Equity release for renovations or investing

We structure a refinance to release usable equity for a renovation or your next property, without stretching you too thin.

Blue Guide Finance logo

Understanding income that changes.

Healthcare pay doesn’t always look the same year to year. Moving from casual to permanent work, picking up extra agency shifts, or changing your salary packaging can all change what a lender sees on your file. These variations can apply to many different careers and all require a careful assessment to ensure you are getting the best outcome. Nathan’s nursing background means these changes aren’t treated as warning signs to work around. They’re normal parts of a healthcare career, and a refinance can actually be timed around them.

Common questions

Before you switch.

A few things worth understanding before you commit to refinancing.

How do I know if refinancing is worth it?

We compare the total cost of staying with your current loan against the total cost of switching — rate, fees, features and break costs — rather than just looking at the rate difference.

What are break costs?

These are fees your current lender charges for leaving a loan early. They’re most common on fixed-rate loans. We check these before recommending you switch.

Will refinancing hurt my credit score?

A refinance application does involve a credit check. This can have a small effect on your credit score, usually for a short time. We’ll talk about timing if this worries you.

How long does it take?

It varies by lender. A refinance is usually quicker than buying a first or second home. We keep you updated at every step.

Curious whether your loan is still competitive?

Send us your current rate and loan details. We’ll give you a straight answer on whether switching is actually worth it.