Refinance Your Home Loan
Haven't reviewed your home loan in the last 2 years? You may be on a rate that's no longer competitive. We compare 35+ lenders and calculate your real saving — including any break costs.
Find the right refinance approach for your situation
Every refinancer has a different reason. Here's how we help across the most common scenarios.
Rate Reduction Refinancer
If your rate hasn't moved in 2+ years, you're likely paying more than you need to. We compare your current rate against the full market and show you exactly what you'd save — after accounting for any discharge or establishment fees.
Fixed Rate Expiry
Coming off a fixed rate? The reversion rate from your current lender is rarely the best available. We start comparing 3 months before your fixed period ends so you transition seamlessly to a competitive new rate.
Equity Access
If your property has grown in value, refinancing can unlock equity for renovations, investments or other goals. We structure the cash-out alongside your refinance so you access funds at the lowest possible rate.
Debt Consolidation
Consolidating high-rate personal debt into your home loan can significantly reduce monthly outgoings. We model the true cost — including extending your loan term — and ensure the structure actually saves you money overall.
Self-Employed Refinancer
Refinancing as a self-employed borrower requires lenders who assess your income correctly. We work with lenders who accept tax returns, BAS statements and accountant letters — so your real income is used for assessment.
Investment Loan Refinancer
Investment loan rates and IO periods both need periodic review. We assess your full portfolio position and identify whether refinancing individual properties — or restructuring across multiple lenders — produces the best outcome.
Why refinance through a broker?
Your existing lender is rarely the best option when you come to refinance. Here's what a broker does differently.
Refinance scenarios we handle
The right refinance approach depends on what you're trying to achieve and your current loan position.
Switching lenders for a lower rate, better features (offset, redraw) or a different rate type (fixed vs variable). The most common reason to refinance — and often the most straightforward to execute.
Unlock the equity your property has built up. Funds can be used for renovations, investment deposits, debt consolidation or other purposes. The increased loan balance is offset against the lower rate achieved.
Roll higher-rate personal debt (car loans, credit cards, personal loans) into your home loan. Lower blended rate reduces monthly outgoings — but extending the loan term means more total interest if not managed carefully.
How it works
From your first enquiry to settlement — here's what to expect.
Tell us your current loan and what you're looking to achieve
Share your current lender, approximate balance, rate and what you want from a refinance — rate reduction, equity access or debt consolidation. Takes 5 minutes.
We compare 35+ lenders and calculate your saving
We model your current loan against the full market. You see a clear comparison — new rate, monthly saving, break-even timeframe, and any cashback available — before we recommend a lender.
We manage your refinance end to end
Once you choose, we handle the discharge of your existing loan, the new application, valuation and settlement — coordinating with both lenders so you don't need to chase anyone.
Ready to see what you could save?
Takes 5 minutes. No obligation. We model your saving before you commit.
Frequently asked questions
Common questions about refinancing a home loan in Australia.
When is it worth refinancing a home loan?
Refinancing is worth considering when your current rate is no longer competitive, your fixed rate period is ending, you want to access equity, or your financial situation has changed. A broker can compare your current loan against the market to see whether the savings outweigh any switching costs.
How much can I save by refinancing?
Savings depend on the difference in interest rates, your loan balance, and any break or discharge fees. Even a 0.5% rate reduction on a $500,000 loan can save around $2,500 per year. A K&M Capital broker can model the numbers for your specific situation before you commit.
Does refinancing affect my credit score?
Applying for a new loan triggers a credit enquiry, which can have a small, short-term impact on your credit score. Multiple applications in a short period can compound this effect. A broker can help you identify the right lender before applying, reducing unnecessary enquiries.
Can I refinance if I have equity in my property?
Yes — in fact, equity is an advantage. Lenders will require a property valuation to confirm your LVR. If your equity has grown, you may qualify for better rates, access cash-out for renovations or investment, or avoid LMI on the new loan.
How long does the refinancing process take?
Refinancing typically takes 2–6 weeks from application to settlement, depending on the lender and how quickly documents are provided. A broker manages the process end to end and can often speed things up by knowing which lenders have faster turnaround times.
Related lending options
K&M Capital resources
Official resources
Information on this page is general in nature and has been prepared without taking into account your objectives, financial situation or needs. It does not constitute credit advice, financial advice, loan approval or a loan offer. Any lending outcome is subject to lender assessment, eligibility, verification, credit criteria, responsible lending obligations and final approval. K&M Capital may assist borrowers by collecting enquiry information, helping prepare lending scenarios and connecting borrowers with brokers, lenders, service providers or referral partners where appropriate. K&M Solutions and Services Pty Ltd (ACN 649 305 126) does not hold an Australian Credit Licence.