Your Current Rate Is Not Competitive
Review your interest rate, comparison rate, fees and available alternatives rather than relying only on the advertised rate.
Home Loan Refinancing Sydney
Review Your Home Loan and Explore Better-Suited Refinancing Options
Your current mortgage may have suited your needs when it was first arranged, but interest rates, loan features, property values and personal circumstances can change.
Danphe Finance helps Sydney homeowners and property investors review their current mortgage and explore refinancing options from available lenders.
Is Your Current Mortgage Still Suitable?
Compare potential rates, repayments, features, switching costs
and long-term loan implications.
Paying a High Interest Rate?
Review whether another available loan may offer a more suitable rate, fee or repayment structure.
Fixed Rate Ending Soon?
Consider available variable, fixed and split-loan options before your current fixed period expires.
Want to Consolidate Debts?
Eligible debts may potentially be restructured, subject to careful consideration of total interest and loan terms.
Considering Equity Access?
Explore whether usable property equity may be available for an accepted purpose, subject to lender approval.
Mortgage Review
Refinancing Is More Than Finding a Lower Advertised Rate
A proper refinance review should consider fees, loan features, the repayment term, switching costs and the total cost of the proposed mortgage.
“A lower repayment does not always mean a lower total cost,
particularly when the new mortgage extends the remaining loan
term.”
Understanding Refinancing
What Is Home Loan Refinancing?
Home loan refinancing involves replacing your existing mortgage with a new loan through your current lender or another lender.
The new loan is generally used to repay the existing mortgage. You then make repayments according to the new lender’s loan terms, rate, fees and conditions.
Review your current interest rate
Compare loan features
Assess switching costs
Consider the remaining term
Review household cash flow
Explore available lenders
When to Review Your Mortgage
Common Reasons Homeowners Consider Refinancing
Refinancing may be worth exploring when your mortgage or personal circumstances no longer match your current needs.
Your Fixed Rate Is Expiring
An approaching fixed-rate expiry can be a useful time to compare variable, fixed and split-loan options.
You Want Lower Regular Repayments
A different rate or structure may reduce scheduled repayments, but extending the loan term may increase total interest.
You Need Different Loan Features
You may be seeking an offset account, redraw facility, additional repayments or a different fixed and variable structure.
You Want to Consolidate Eligible Debts
Consolidating debts may simplify repayments, but converting short-term debt into mortgage debt can increase total interest.
You Want to Access Property Equity
Usable equity may potentially be available for an approved purpose, subject to valuation, serviceability and lender approval.
Switching Costs
Refinancing Costs You Should Consider
A new loan should be assessed after considering the costs involved in leaving the current mortgage and establishing the replacement loan.
A refinance may not provide enough value when the potential saving
is small or when the switching costs take a long time to recover.
Fixed-Rate Break Fees
A break cost may apply when refinancing before the end of a fixed-rate period.
Mortgage Discharge Fees
Your existing lender may charge an administration or discharge fee when the mortgage is closed.
Application Fees
The new lender may charge an application, establishment or processing fee.
Property Valuation Costs
A valuation may be required to determine the property value and applicable loan-to-value ratio.
Settlement and Registration Fees
Settlement, legal, government or mortgage registration charges may apply.
Ongoing Package Fees
Consider annual package fees, account fees and charges linked to the proposed loan.
Lenders Mortgage Insurance
Lenders mortgage insurance may apply when the new loan exceeds the lender’s acceptable loan-to-value ratio.
Longer Loan-Term Costs
Restarting or extending the mortgage term can reduce repayments while increasing total interest paid.
Potential Outcomes
How Refinancing May Help Eligible Borrowers
01
A More Competitive Rate
A lower rate may reduce repayments or interest costs after fees and the new loan term are considered.
02
Improved Household Cash Flow
A more suitable repayment structure may provide short-term monthly budget relief for eligible borrowers.
03
Different Loan Features
Explore offset, redraw, additional repayments and split-loan options based on lender availability.
04
Restructured Lending
Refinancing may support approved debt consolidation, equity access or investment-loan restructuring.
Refinancing Solutions
Refinancing for Different Property and Finance Goals
Owner-Occupied Home Loan Refinancing
Review the mortgage on your principal place of residence, including rates, repayments, fees, term and preferred features.
Investment Property Refinancing
Explore investment-loan options based on rental income, existing debts, equity, cash flow and lender policy.
Debt-Consolidation Refinancing
Consider whether eligible debts can be combined while reviewing total interest, security and repayment-term implications.
Equity-Release Refinancing
Eligible borrowers may be able to access usable equity for an accepted purpose, subject to lender assessment.
Fixed-Rate Expiry Review
Compare variable, fixed and split options before or after a current fixed-rate term expires.
Loan-Feature Refinancing
Explore another mortgage when your current loan does not offer the features or flexibility you now require.
Property Equity
Understanding Equity When Refinancing
Equity is the difference between the estimated value of your property and the outstanding debt secured against it.
The full equity amount is not automatically available to borrow. The lender will consider its acceptable loan-to-value ratio, property valuation, borrowing capacity, income, expenses and the intended use of additional funds.
Example Equity Calculation
Estimated property value
$900,000
Current mortgage balance
$600,000
Estimated total equity
$300,000
Application Preparation
Documents Commonly Requested for Refinancing
Required documents depend on your employment, income type, property and proposed refinance structure.
Identification
- Driver licence
- Passport
- Medicare card
- Visa information where relevant
Income Evidence
- Recent payslips
- Employment details
- Tax returns
- Notices of assessment
- Rental income evidence
Current Liabilities
- Mortgage statements
- Credit card statements
- Personal loan statements
- Car loan statements
Property Information
- Property address
- Estimated value
- Rental details
- Current loan balance
- Rates information if requested
Why Danphe Finance?
A Personalised Home Loan Refinancing Review
Multiple Lender Options
Explore available refinance options from multiple lenders rather than being limited to one bank.
Clear Cost Comparison
Review estimated repayments, switching expenses, loan-term changes and potential long-term costs.
Documentation Support
Receive guidance with mortgage statements, income documents, valuation requirements and lender conditions.
Settlement Support
Danphe Finance can assist with lender communication, outstanding conditions, discharge and settlement progress.
Bikas Kandel
Mortgage and Finance Broker at Danphe Finance
Meet Your Mortgage Broker
Refinance Your Home Loan With Guidance from Bikas Kandel
Bikas Kandel assists homeowners and property investors with reviewing their current mortgage and exploring potential refinancing options.
His approach considers your current rate, repayment, loan term, property value, household budget, available equity and future property goals.
Bikas can help explain potential switching costs, compare available options, prepare the application and support the process through lender assessment and settlement.
Credit Representative Number 466281
Owner-occupied refinancing
Investment-loan refinancing
Equity-access assessment
Debt-consolidation review
How Refinancing Works
Our Home Loan Refinancing Process
01
Initial Mortgage Review
Discuss your current loan, repayment, property and refinance goals.
02
Document Collection
Review income evidence, liabilities, mortgage statements and property details.
03
Equity Assessment
Consider the estimated property value, current balance and loan-to-value ratio.
04
Lender Comparison
Review potential options based on eligibility and stated requirements.
05
Recommendation
Understand repayments, fees, features and potential trade-offs.
06
Application Submission
Prepare and submit the refinance application to the selected lender.
07
Valuation and Assessment
The lender assesses documents and may arrange a property valuation.
08
Approval and Settlement
Complete lender conditions and progress through discharge and settlement.
Related Finance Services
Explore More Danphe Finance Services
Refinancing Questions
Frequently Asked Questions
What is home loan refinancing? +
Home loan refinancing involves replacing your current mortgage
with a new loan through your existing lender or another lender.
Can refinancing lower my repayments? +
It may reduce repayments when the new rate or structure is more
favourable. Extending the loan term may also reduce repayments
while increasing total interest.
How do I know whether refinancing is worth it? +
Compare the proposed rate, fees, switching costs, repayments,
features, new loan term and expected total cost against your
current mortgage.
Can I refinance while on a fixed rate? +
It may be possible, but a fixed-rate break cost may apply. Obtain
an estimated payout figure before proceeding.
What is the refinancing break-even point? +
The break-even point is the estimated time required for potential
savings to recover the costs of switching loans.
Can I refinance with less than 20% equity? +
It may be possible, depending on lender policy, borrowing
capacity and valuation. Lenders mortgage insurance or other
conditions may apply.
Can I access equity when refinancing? +
Eligible borrowers may potentially increase their loan and
access usable equity for an accepted purpose, subject to lender
approval.
Can refinancing help consolidate debts? +
Eligible debts may potentially be consolidated. Extending
short-term debt over a mortgage term can increase total interest
and secure the debt against your home.
Can I refinance an investment property? +
Yes, subject to lender eligibility, serviceability, valuation
and investment-lending policies.
Will refinancing affect my credit file? +
A formal refinance application generally results in a credit
enquiry. Multiple applications over a short period may affect
lender assessment.
Do I need a new property valuation? +
Many lenders require an accepted valuation, although the process
differs between lenders and transactions.
Can self-employed borrowers refinance? +
Eligible self-employed applicants may refinance, although
additional business and income documents may be required.
Can temporary visa holders refinance? +
Selected lenders may consider eligible temporary visa holders,
depending on visa type, income, property ownership and lender
policy.
How long does refinancing take? +
Timeframes depend on the lender, valuation, document quality,
application complexity and existing lender discharge process.
Does Danphe Finance work with multiple lenders? +
Danphe Finance can explore potential refinance options from its
available lending panel. Available products depend on the
applicant’s circumstances and eligibility.
Is refinancing approval guaranteed? +
No. Approval is subject to lender policy, credit assessment,
property valuation, documentation and eligibility.
Is Your Current Home Loan Still Right for You?
Book a consultation with Bikas Kandel to review your existing mortgage, potential refinancing options, switching costs and loan features.
Danfe International NSW Pty Ltd is a Credit Representative, Credit Representative Number 540390, of BLSSA Pty Ltd, ACN 117 651 760, Australian Credit Licence 391237. Bikas Kandel is a Credit Representative, Credit Representative Number 466281, of BLSSA Pty Ltd, ACN 117 651 760, Australian Credit Licence 391237. Loan availability, rates, fees, repayments and approval depend on the applicant’s circumstances, property valuation and lender assessment criteria. Refinancing may not be suitable in every situation. This page contains general information only and does not constitute financial, legal or taxation advice.
External Links
Danfe International NSW Pty Ltd is a credit representative (credit rep number: 540390) of BLSSA Pty Ltd ACN 117 651 760 Australian Credit Licence 391237.
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Copyright © 2026 | All Rights Reserved | Bikas Kandel is a credit representative (Credit rep number: 466281) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).
