Quick self‑check
- Rate ≥ competitor by 0.50%+?
- LVR now ≤80% after property price growth?
- Offset/redraw features you actually use?
- Annual package fees worth it?
Documents to gather
- ID, rates notice, building insurance
- 3–6 months: loan statements, salary credits, liabilities
- If self‑employed: tax returns + BAS
Costs to factor
- Discharge & settlement fees from current lender
- New lender fees (application, valuation; sometimes waived)
- Break costs (if you’re fixed — ask for a payout figure)
Compare on 3‑year true cost
Interest (incl. any revert rate) + all fees − cashbacks = your 3‑year cost. Lower wins.
When not to refinance
- You’ll sell soon
- You’re mid‑probation or your income just dropped
- Your credit conduct is messy, fix first
Request a free Refi Costing we’ll show the 3‑year numbers side‑by‑side.
We’ll map your strategy plan and save.