Overview
Simply put, refinancing means moving from your current loan to a different one with new rates or terms—either with your existing lender or a completely new one. It gives you more breathing room with your finances and lets you adjust your loan as your life changes.
If you've been putting off reviewing your home loan, you could be losing money and missing better options that align with both your financial needs and personal values.
This is because many lenders offer the best rates to new borrowers, taxing your loyalty if you stay with any lender for too long.
Loan options
Rate and term refinancing
Replacing your current home loan with a new loan, often with the goal of reducing repayments or paying off a loan faster.
See guide
Cash-out refinance
Refinancing to borrow more than you currently owe, receiving the difference in cash, allowing you to access your home equity in cash for major expenses such as renovating or an investment loan.
See guide
Cash-in refinance
When you bring additional funds to your refinancing to reduce your loan balance, potentially securing better interest rates and reducing your overall debt.
See guide
Consolidation refinance
A loan that combines your existing debts into your mortgage at a lower interest rate, simplifying your finances with a single repayment.
See guide
Calculators
FAQs
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