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Home Loans · Refinance

Is your home loan still working for you?

Your home loan shouldn't be something you set and forget. Whether you're looking to reduce your repayments, unlock equity or simply make sure you're still getting a competitive deal, we'll review your loan and show you what's possible.

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Scott, founder of koala financial
Rated 5.0 on Google🏦 Lenders compared for your situation🏠 Rate reviews & restructures🇦🇺 Australia-wide
How we help

Why homeowners refinance

A better interest rate is just one reason to review your home loan. We'll help you understand what's available and whether switching makes sense for your situation.

1

Review where you stand

Before making any changes, we review your current loan, interest rate, repayments and loan features to understand how it compares with today's market.

$3,500 /yr
back each year at a 0.5% rate cut
$700k
Run your full numbers - Refinance Savings

For educational purposes only. Open the full calculator for more detail.

2

Explore your options

Lower your repayments

A lower interest rate could reduce your monthly repayments and the total interest you pay over the life of your loan.

Access your equity

Use the equity you've built to renovate, invest or fund your next goal.

Improve your loan

Switch to a loan with features that better suit the way you manage your money, such as an offset account or more flexible repayments.

Simplify your finances

Consolidate eligible debts into your home loan to reduce complexity and potentially lower your overall repayments.

3

If switching makes sense, we'll handle it

We'll compare suitable lenders, explain the numbers and tell you whether refinancing is actually worthwhile. If it is, we'll manage the process from application through to settlement.

Free home loan review
Compare suitable lenders and loan options
Full cost-benefit analysis, including switching costs
We manage the paperwork from start to finish
Ongoing reviews as your circumstances change
Get a free home loan review
4

What our clients say

You deal with Scott directly, start to finish. The homeowners who've already switched say it best.

Rated 5.0 on Google
“I would like to sincerely thank my broker Scott for the outstanding support and dedication shown throughout my remortgage process. From start to finish, his attention to detail was exceptional, ensuring that every…”
Memory Nyashanu · Google review · read all →
FBAA memberCredit Representative 567904Australian Credit Licence 486112 (PCFS)Diploma of Finance and Mortgage Broking

Refinance questions, answered

Answers to the questions we hear most from homeowners thinking about switching.

How much could I save by refinancing?

It depends on your loan size and current rate. On a $700,000 loan, a 0.5% rate reduction saves around $3,500 per year, or $17,500 over 5 years. We calculate your specific savings upfront.

Are there costs to refinancing?

There may be discharge fees from your current lender and application fees with the new one. If you're on a fixed rate, there may also be break costs. We factor all of these in so you see the true net benefit.

How long does refinancing take?

Typically 2–4 weeks from application to settlement. We manage the whole process and keep you updated at every step. It's much simpler than most people expect.

Will refinancing affect my credit score?

A refinance application adds an enquiry to your credit file, which usually has only a small, short-lived effect. What matters more is keeping repayments on time through the switch, and we manage the timing so nothing is missed.

Can I refinance if my property has fallen in value?

It can be harder, because the loan is a bigger share of the value, but it's often still possible. We check your current equity position first and tell you honestly whether switching now or waiting is the better move.

Last updated: July 2026

This page is general information only. It doesn't take into account your objectives, financial situation or needs, and it isn't credit, financial or tax advice. Figures are indicative estimates that vary by lender, state and property and can change, so we confirm your real numbers before you act. For tax questions, speak to a registered tax agent or accountant. Scott Lung, credit representative 567904 of Purple Circle Financial Services Pty Ltd (Australian Credit Licence 486112).

Find out if you're overpaying

Book a free 15-minute discovery call. We'll review your loan, compare the market, and tell you honestly whether it's worth switching.