Why Refinance Now
Save thousands in interest
Fund renovations or investments
Simplify and consolidate multiple debts
Secure a more competitive rate
It’s been estimated Australians could save an average of $403 per month just by refinancing their home loan. Speak to one our specialists today.
How Much Could You Save?
Find out how much you could save on your repayments by refinancing your home loan. Keep in mind refinancing may involve costs but typically they're much less than what you'd save.
Your Current Home Loan
Your New Home Loan
(Comparison rate: 6.13% p.a.)**
See how much you can save with Gracelands Drive
You could lower your payments by**
$0 monthlyYour new repayments could be**
$0 monthlyOver the life of your loan, your potential savings could be**
$0Based on a <70% LVR^ and our life-of-loan 1.64% p.a. rate discount^ on a new variable Flexi First Option Home Loan with P&I repayments.
Refinance and Save
Looking for an easy way to save?
If you’ve been paying off your home loan without a problem for the past two or more years it’s probably time to revisit your home loan and make the switch. Get competitive rates and flexible features with a refinanced home loan.
According to Chris Kohler, Australians could save an average of $403 per month just by refinancing their home loan. Speak to one our specialists today.
Why Refinance with Gracelands Drive?
You'll speak to a local person (not an AI bot)
Your info is kept with us until you authorise us to speak to lenders
Find out how much you could save on repayments
No impact to your credit score
No commitment until you are ready
What is Refinancing
Refinancing means updating your current home loan with a one that better suits your needs. This could mean switching lenders or renegotiating your existing loan. Many Australians refinance to secure a lower interest rate, reduce their repayments, or unlock equity in their property. With rates and lender offers changing regularly, reviewing your loan every 2-4 years can help ensure you’re not overpaying. A broker compares multiple lenders for you and manages the paperwork, making the process simple and stress-free.
When should you refinance?
- Haven’t reviewed your loan in 2+ years
- Are paying above market rates
- Want to renovate or invest
- Need to consolidate personal loans or credit cards
- Your fixed rate is ending
- Your circumstances or income have improved
What You Will Need
- 3 minutes of your time.
- Your current loan details.
- Income, living expenses and other basic information, these can be rough estimations.
How We Protect Your Info
We respect and protect your privacy and take every reasonable measure to protect your personal information in accordance with the Privacy Act 1988.
Why Refinance?
- Save thousands in interest
- Get cash back offers
- Fund renovations or investments
- Simplify and consolidate multiple debts
- Secure a more competitive rate
Get unrealised savings simply by speaking with one of our specialist mortgage brokers. They don’t work for a bank, they’ll work for you. By getting an updated financial snapshot of you plus rewarding your good credit over the past years they’ll shop around town and push for a better deal for you.
Your Next Step
Request an appointment
Fill in the form at the bottom of this page, give us a little background and we'll have a specialist call you to start.
We'll update your profile
We'll collect and collate your updated info like current employment, earnings, repayments, and your existing properties valuation.
We'll find you a better loan
Based on our conversation with you we'll find you a loan that is better suited, be it a lower rate, equity release or flexibility elsewhere.
Refinancing FAQs
What is refinancing?
Refinancing involves replacing your existing mortgage with a new loan, often with a new lender. Homeowners refinance to secure lower interest rates, reduce repayments, access property equity, consolidate debts, or change loan features.
How does refinancing work?
Essentially refinancing involves Gracelands applying for a new home loan with a range of lenders on your behalf. We assesses your updated income, expenses, credit history and property value then negotiate with a number of lenders to obtain approval on a better suited loan. This replaces your existing home loan.
How will refinancing benefit me?
Refinancing may help you secure a lower interest rate i.e. reduce monthly repayments by saving on interest, allowing you to pay off the loan faster or go on that much needed holiday with the kids. Alternatively a new loan may allow you to access your property’s equity to reinvest in a renovation or elsewhere. It could also be used to consolidate other existing debts like a car and credit card loans which typically have a much higher interests rate or obtain features, potentially improving your cash flow and financial flexibility.
What type of things do people refinance for?
In Australia, people commonly refinance to:
- Get a lower interest rate and reduce interest costs.
- Lower monthly repayments to improve cashflow and ease cost of living pressures.
- Access home equity to fund renovations like critical repairs or extensions, investments and new vehicles.
- Consolidate debts such as personal loans and credit cards which typically have higher interest rates.
- Switch to a better loan with offset accounts or cash redraw facilities.
- Change loan terms to shorten the repayment period or switch between fixed and variable rates.
- Improve financial flexibility following changes in income or personal circumstances.
- Purchase an investment property by accessing equity in the existing home.
Should I refinance with interest rate rises?
Yes, refinancing can still make sense when interest rates are rising. The team at Gracelands will review your current loan in context of your current details and what other lenders are offering. The interest rate is generally the starting point for considering refinancing. However depending on your unique circumstance refinancing may provide you a loan that’s better suited to your needs e.g. for flexibility.
What do I need to consider when refinancing?
When refinancing your home loan, you should consider more than just the interest rate. The goal is to improve your overall financial position after accounting for costs, loan features and long-term affordability in context of your current financial profile which may have significantly changed since you were approved on your current loan.
What government fees occur when refinancing?
In Australia refinancing generally involves two government charges: a fee to remove your existing mortgage from the property title, and a subsequent fee to register the new mortgage. The amount will depend on which state or territory the property is located and will be considered by your mortgage broker in presenting refinance options and ultimately deciding to refinance. For some context in NSW as of 1 July 2026 the fee to discharge registration is $182.73 and the subsequent mortgage registration fee is another $182.73 including GST.
How to refinance my home loan?
Book an appointment with Us, we’ll collect all your most recent information like employment details, current debts like personal loans and credit cards, property changes etc… collate this then negotiate with a range of lenders.
How long does settlement take when refinancing?
Refinancing a home loan typically takes 2–6 weeks from application to settlement, although straightforward applications may be completed sooner.
The timeline depends on how quickly we and the lender can assess your application, verify incomes, values your property and coordinates settlement with your existing lender.
When can I refinance my home loan?
You can generally refinance your home loan at any time, provided you meet the new lender’s lending criteria and satisfy the conditions of your existing loan. You usually do not need to wait until a particular anniversary or a minimum period has passed.