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Stop overpaying.
Refinance & save
thousands today.
Most Australians are paying more than they should. In under 10 minutes, our brokers compare 90+ lenders to find a better deal — completely free, no obligation, no credit check required.
*$4,800 average annual saving based on Fairbanks client data (2024): median loan size $520,000, average rate reduction 0.92%. Individual savings vary based on loan size, current rate, and new rate. Past performance is not indicative of future results.
Most Australians are overpaying.
The average Australian mortgage holder is paying 0.65% more than they need to. On a $600K loan, that's $312 every single month — gone.
We find the gap. You keep the savings.
Our brokers compare every lender on our panel — major banks, credit unions, non-bank lenders — to find the rate you actually deserve.
Free advice. Real results.
No fees. No obligation. No credit check to start. Just an honest comparison from ASIC-authorised brokers who work for you, not the banks.
Get my free rate comparisonThe case for refinancing
in 2025
Market conditions, home equity growth, and lender competition have aligned. Here's why thousands of Australians are refinancing right now.
Rates are being cut — move now
The RBA has entered a rate-cutting cycle. Variable rate refinancers could lock in significant savings over the life of their loan by acting before the market adjusts. Lenders are already competing aggressively for borrowers with strong equity.
Your home value has likely increased
Many Australians who bought 3–5 years ago now sit in a much stronger LVR position. A lower LVR unlocks better rates, the ability to remove LMI, and access to cash-out equity for renovations or investment.
Your lender loyalty is costing you
Lenders routinely offer better rates to new customers than loyal ones. If you haven't reviewed your rate in 2+ years, there's a very high chance you're paying a "loyalty tax" — often 0.5–1.2% above the best available rate.
Do any of these sound like you?
These are the most common triggers that signal a refinance could save you thousands.
What's your property worth today?
Property values have moved significantly. Find out how much equity you've built — and whether it unlocks a better rate or removes your LMI.
Your Property Details
Est. avg. annual growth (NSW (Sydney)): 6.8% p.a.
* Estimates based on historical median growth rates. Actual values vary by property type and suburb. For a precise appraisal, ask your broker.
Estimated Current Value
Your Equity
$492,120
built up
Usable Equity
$283,696
at 80% LVR
Elite LVR
Access to lowest rates on the market. Top tier lender pricing.
No LMI requiredHow much could you save?
Plug in your current rate and loan details. See your potential monthly saving instantly — no sign-up required.
Your Current Loan
Adjust the sliders to match your situation
Monthly saving
back in your pocket every month
Annual saving
$2,877
Over 25 yrs
$71,913
Monthly repayment comparison
General Information Only — Not Financial Advice
The results generated by this tool are estimates only, provided for general information purposes, and do not constitute personal financial, taxation or legal advice. Results are based on the inputs you have entered and a number of assumptions that may not reflect your actual circumstances. Consolidated Funding Group Pty Ltd trading as Fairbanks Financial Group (ACR 481272) recommends you seek independent professional advice before making any financial decisions.
Savings estimates are based on the inputs provided and a number of assumptions. Actual savings will vary depending on your loan balance, remaining term, lender fees and break costs. Always obtain a full cost comparison from your broker before refinancing.
What your equity
could unlock
Your home is your greatest financial asset. Enter your current position to see which goals your equity can fund — today.
Total Equity
$380K
Usable Equity (80% LVR)
$160K
Current LVR
65.5%
Add value & lifestyle
Home Renovation
Kitchen, extension, pool or full reno — tap equity to transform your home without touching your savings.
Typical project range
$50K – $250K
Your Usable Equity
$160K
What you'd gain
Usable equity is indicative only, calculated at 80% LVR. Actual accessible equity depends on your lender's policies, income, credit profile and property valuation. Consult a Fairbanks broker for personalised advice.
Choose your refinance strategy
The right loan type depends on your goals, timeline and risk appetite. Here's a plain-English comparison.
Variable Rate
Rate moves with the market. When the RBA cuts, your repayments drop automatically.
Indicative Rate From
Comparison rate: 5.89% p.a.*
*Comparison rate based on $150,000 loan over 25 years. Rates are indicative only and subject to lender assessment.
Advantages
- Benefit immediately from rate cuts
- Offset account available
- Redraw facility included
- No break costs to exit
- Extra repayments any time
Watch Out For
- Rate can rise with market moves
- Less certainty on repayments
Ideal For
From enquiry to
lower repayments in 5 steps
Most clients are on a better rate within 2–3 weeks. Here's exactly how it works.
Free 10-min strategy call
Tell us your current rate, loan balance and goals. No credit check at this stage — we just need to understand your situation.
Usually done in under 10 minutes by phone or video
We compare 90+ lenders for you
Our brokers run a full market comparison across our panel of over 90 lenders — banks, non-banks and specialist lenders. We present the top 3 options with a clear breakdown.
Typically turned around same business day
Prepare & submit application
Once you're happy with an option, we handle the paperwork. You'll need to provide payslips, bank statements and ID — we guide you through exactly what's needed.
Most clients submit in under an hour with our checklist
Lender assessment & approval
Your new lender assesses the application. For standard refinances with good equity, conditional approval often comes within 24–48 hours.
Faster with clean credit & strong equity position
Settlement & savings begin
Once unconditional approval is issued, your existing loan is discharged and the new loan settles. Your first lower repayment usually hits within 4 weeks.
We handle all lender coordination for you
Typical timeline at a glance
Day 1
No obligation
Day 1–2
We do the work
Day 2–4
Guided process
Day 3–7
Fast turnaround
Week 2–4
Start saving
What does refinancing cost?
Costs are almost always recovered within 6–12 months of lower repayments. Here's a typical breakdown:
| Cost Item | Amount |
|---|---|
| Discharge fee (current lender) | $150–$400 |
| Government registration fee | ~$200 |
| Valuation fee | Often waived |
| Fairbanks broker fee | Free |
| Break cost (fixed loans) | Varies |
Rule of thumb
If your rate saving is 0.3% or more on a loan over $300k, refinancing typically pays for itself within 6 months. We'll calculate this exactly for you in your free consultation.
Free · No credit check · Takes ~10 minutes
How refinancing works — explained in 5 minutes
Our senior broker James Fairbanks walks through the complete refinance process — from rate comparison to settlement — so you know exactly what to expect and when.
How Refinancing Works in Australia
James Fairbanks, Managing Director · Fairbanks Financial
Australians saving real money
From Sydney investors to first-time refinancers — here's what clients are saying after switching.
*$4,800 average annual saving based on Fairbanks client data (2024): median loan size $520,000, average rate reduction 0.92%. Individual savings vary based on loan size, current rate, and new rate.
Was paying
6.54%
Now pays
5.74%
“We'd been with the same bank for 9 years. Our broker found us a rate 0.80% lower in one afternoon. The savings in year one alone covered all the refinancing costs.”
David & Sarah Chen
Sydney, NSW
Was paying
6.24%
Now pays
5.84%
“I always assumed refinancing was a massive hassle. Fairbanks made it genuinely painless — I think I spent about an hour on it total. Now paying $400 less every single month.”
James Whitmore
Melbourne, VIC
Was paying
6.19%
Now pays
5.86%
“My fixed rate was expiring and I had no idea what to do next. The team explained everything clearly, compared 6 options for me and I ended up saving over $300 a month.”
Priya Sharma
Brisbane, QLD
Why use a broker instead of
going direct?
A lot of borrowers assume going straight to their bank is simpler. Here's an honest side-by-side look at what you actually get.
Going Direct to a Bank
Standard approach — what most borrowers default to
Lenders available
1 bank
Only their own products
Rate offered
Standard rate
No negotiation leverage
Time spent
10–15+ hrs
Research, calls, paperwork on you
Application support
Self-service
You fill in the forms alone
Advocacy
None
The bank works for the bank
Independent advice
No
Salaried staff push bank products
Cost to you
Varies
Application fees may apply
Refinancing support
Limited
Need to re-apply from scratch
Using a Fairbanks Broker
Independent advice across the whole market
Lenders available
90+ lenders
Banks, non-banks & specialists
Rate offered
Best available
We negotiate across the market
Time spent
~1 hour yours
We handle everything else
Application support
Full service
We prepare & lodge for you
Advocacy
Always on your side
We work for you, not the lender
Independent advice
Yes
ASIC-authorised, legally obligated
Cost to you
Free
Paid by the lender, not you
Refinancing support
Ongoing
We review your rate every year
The verdict: brokers almost always win
Brokers are paid by the lender — not you — so there's genuinely no downside to using one. The only reason to go direct is if you already know your exact lender, product and rate. Otherwise, let us do the work.
Common refinance questions
Everything you need to know about refinancing — plain English, no jargon.
General Information Warning: The information on this page is general in nature and does not constitute personal financial advice. Savings figures are indicative only and based on average client outcomes — individual results will vary depending on loan size, current rate, and personal circumstances. Before acting on any information, seek independent professional advice. Consolidated Funding Group Pty Ltd t/as Fairbanks Financial Group | ACR 481272 | FBAA m-330508 | AFCA #48367.
Ready to find a better rate?
Free, no-obligation comparison across 90+ lenders. Most clients have a rate in hand within 24 hours.
Power to theborrower.
†Based on verified Google reviews. Rates indicative only and subject to change. Credit criteria apply. Free service — lender pays our commission.