Refinancing made simple.
A more competitive rate, tailored to your needs.
Home Loan RefinancingMove to a more competitive home loan.
Interest rates and home loan products change over time, which means the loan that suited you a few years ago may no longer be the right option. Refinancing gives you the opportunity to review your current loan and see if there's a more competitive alternative available.
Whether you're looking to reduce your repayments, secure a lower interest rate, or move to a loan with features that better suit your lifestyle, refinancing could help you get more value from your mortgage.
At Spitfire Finance, we'll compare your current home loan against options from our panel of trusted lenders, explain your choices clearly, and help you decide whether refinancing is the right move for you.
Benefits of RefinancingUpgrade your loan features.
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Cash Out for Renovations
Unlock equity in your home to renovate, extend, or upgrade your property while potentially increasing its value.
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Cash Out for Investment
Access available equity to fund your next investment, whether it's purchasing another property or growing your business or share portfolio.
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Lower Interest Rates
Access more competitive rates that could reduce the overall cost of your home loan.
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Lower Monthly Repayments
A better loan structure or interest rate may help reduce your regular repayments.
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Better Loan Features
Move to a loan with features such as an offset account, redraw facility, or more flexible repayment options.
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Fixed or Variable Rate Options
Choose a loan structure that better suits your financial goals and lifestyle.
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Flexible Repayment Options
Take advantage of repayment features that give you greater control over your mortgage.
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Access to More Lenders
Compare options from over 60 trusted lenders instead of being limited to your current bank.
Finance Your Next MoveUnlock the value in your home.
As your property increases in value and your loan balance reduces, you may be able to access some of the equity you've built. Refinancing can allow you to use those funds for major expenses while keeping everything within your home loan.
Whether you're planning a renovation, purchasing an investment property, funding business growth, or covering another significant expense, accessing equity through refinancing can be a flexible alternative to other forms of finance.
We'll help you understand how much equity may be available, compare suitable refinancing options, and guide you through the process to ensure the solution aligns with your financial goals.
A Simple Path to the Right Home Loan
Let’s Chat
Tell us about your goals and financial situation.
We Compare
We assess loan options from our panel of trusted lenders.
You Choose
We explain your options so you can make an informed decision.
Settled
We manage the paperwork and keep everything on track through to settlement.
Our CommitmentMore Choice. Less Stress. Better Outcomes.
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Access to 60+ Lenders
We compare home loan options from more than 60 trusted lenders, giving you greater choice and helping you find the right fit.
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Rated 5.0 by Clients
Our reputation is built on honest advice, responsive service, and helping clients achieve their property goals with confidence.
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All You Need Is One Person
You'll work with one dedicated broker from your first conversation through to settlement, with clear guidance every step of the way.
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No Cost (Paid by the Lender)
Our mortgage broking service comes at no cost to you, so you can access expert advice without paying broker fees.
Frequently Asked Questions
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Possibly. If your loan-tovalue ratio is above 80% with your new lender — even if you didn’t pay LMI originally, or your property has changed in value — you may need to pay LMI again. This is one of the most commonly overlooked costs in refinancing, and it can be enough to outweigh the savings from a lower rate. We’ll check your numbers before recommending a switch, not after.
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Breaking a fixed-rate loan before the end of its term can trigger a break cost, calculated by your current lender based on the difference between your fixed rate and where rates sit now. This can range from a small amount to several thousand dollars depending on how much time is left and how rates have moved. It’s usually worth timing a refinance to align with the end of your fixed period where possible — we’ll help you weigh that up against the savings on offer elsewhere.
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It’s worth trying — banks will sometimes offer a “retention” rate to keep an existing customer, and if that’s competitive, it can save you the hassle of switching. That said, retention offers aren’t always their best available rate, and they’re only comparing against themselves, not the market. We’ll help you find out what’s genuinely available elsewhere so you (or your bank) can make an informed call either way.
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Most lenders will let you refinance and access equity up to 80% of your property’s value without LMI, or higher with LMI depending on the lender and your circumstances. The amount available depends on your current loan balance and an updated valuation of your property — property values can move in either direction, so it’s worth getting a current figure rather than assuming based on what you paid.
Still Have a Question?
If your question isn’t answered here, that’s exactly what we’re here for. Every situation is different, and general information can only take you so far.
Get Started and let’s talk through your specific circumstances.
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