6 min readAnd many lenders also allow split loan structures
1300 421 044
1300 421 044
Helps lock in repayments for a set period, often one to five years, but usually with less flexibility
Offers more flexibility and commonly includes features such as offset, redraw, and extra repayments
Allows part of the balance to be fixed and part to remain variable so risk can be spread
If you leave an existing fixed loan early, the cost of breaking that term can materially affect the value of refinancing
Refinancing is often the point where borrowers rethink how their loan is structured, not just which lender they use.
Useful for borrowers who want stable repayments and more certainty over a chosen fixed term
Often chosen for flexibility, easier extra repayments, and access to features like offset and redraw
Part fixed and part variable can balance certainty on one portion with flexibility on the other
Even where the main goal is simply to fix, unfix, or re structure the rate, the new lender usually reviews the following:
Leaving a fixed term early may trigger a break fee or early repayment adjustment, which can reduce the benefit of refinancing.
Possible solutions include:
Request a break cost quote before applyingCompare savings over the full intended hold periodConsider waiting until the fixed period ends
A lower advertised rate does not automatically mean the better loan if the product removes useful features or flexibility.
Possible solutions include:
Compare features as well as rateReview offset, redraw, and extra repayment rulesUse a split loan if certainty and flexibility both matter
You may be able to service the existing loan, but still fall short under the new lender's current assessment rate and policy settings.
Possible solutions include:
Reduce the requested loan amountImprove declared expenses and document qualityConsider alternative lenders with suitable policy
Refinancing options can vary significantly depending on the property, the borrower profile, the chosen rate structure, and the current lender policy.
A specialist can review the current loan and help determine which lenders and rate structures may suit the next stage of the property strategy.
Submit the short form below and a property finance specialist will review your existing loan and discuss possible refinance options, including fixed, variable, and split structures.
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Call us to discuss your refinance and rate structure queries
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