Refinance your home loan
Refinancing your home loan or mortgage can help you lower your repayments, access equity, or consolidate debt. Whether you’re looking to refinance for a better rate, renovate your home, or simplify your finances, our experts make the process smooth, transparent, and tailored to your goals.
Why refinance your home loan or mortgage?
Refinancing isn’t just about chasing a better rate — it’s about making your home loan work smarter for you. Whether you want to reduce repayments, unlock equity, or simplify your finances, refinancing could be the key to saving money and reaching your financial goals faster.
Refinancing your home loan can help you take advantage of better rates, shorten your loan term, or free up cash flow for your move.
Reduce Your Monthly Repayments
Secure a better rate and reduce your financial pressure.
Simplify & Consolidate Your Loans
Simplify repayments by rolling credit cards or personal loans into one.
Unlock Equity for Renovation or Investment
Tap into your home’s value to upgrade, invest, or plan ahead.
How to refinance a home loan - 4 easy steps
Refinancing doesn’t have to be confusing or time-consuming. At Explore Lending, we make the process clear, easy, and tailored to your goals. Whether you’re chasing better rates, consolidating debt, or unlocking equity—we’ll guide you every step of the way.
Step 1: Explore Your Goals
We’ll start with a quick discovery call to understand your refinancing goals.
Step 2: Compare Your Options
We search 30+ lenders to find the right refinance solution for you, with competitive rates and flexible features.
Step 3: Make the Switch
We’ll take care of the paperwork, liaise with your new lender, and manage the transition from start to finish.
Step 4: Start Saving
Once your new loan settles, we’ll continue to support you with reviews and refinancing when your needs change.
Why choose Explore Lending to refinance your home loan?
Whether you’re looking to lower your mortgage repayments or unlock equity, our refinancing experts give you tailored advice, clear communication, and support that lasts long after settlement.
Independent Advice – Always in Your Corner
We’re mortgage brokers, not a bank. That means we work for you — comparing 30+ lenders to find the most suitable solution, not just pushing a product.
Clear Communication – No Jargon. No Surprises.
You’ll always know where you stand. We keep things simple and transparent, with guidance you can actually understand (and use to your advantage).
Long-Term Support – Not Just a One-Off
We’re here for the long haul. After settlement, we’ll check in with you regularly to make sure your loan is still working for you — and help you make changes when needed.
Refinance frequently asked questions
Everything you need to know before you switch
We’ve answered some of the most frequently asked questions about refinancing your home loan — so you can move forward with clarity and confidence.
What does refinancing a home loan mean?
Refinancing is when you replace your current home loan with a new one, either with your existing lender or a different one. People refinance to secure a better interest rate, reduce monthly repayments, access home equity, or change loan features to better suit their needs.
How do I know if refinancing is right for me?
Refinancing may be right if you want to:
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Secure a lower interest rate and reduce monthly repayments
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Access home equity for renovations or investment
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Consolidate credit cards or other debts into your mortgage
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Switch from variable to fixed rates (or vice versa)
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Get better loan features that suit your financial goals
We’ll help assess your personal situation so you know if a refinance is worth it.
Can I refinance with the same lender?
Yes. Some homeowners refinance with their existing lender to negotiate a better deal—especially if they’ve built equity or improved their credit score.
How much does it cost to refinance a mortgage?
There can be costs like discharge fees, application fees, and government charges. However, these are often offset by the savings you make on a lower interest rate or shorter loan term.
Will refinancing affect my credit score?
Applying for a new loan involves a credit check, which may have a small temporary impact. However, responsible refinancing can improve your financial position in the long run.
How long does the refinancing process take?
Refinancing usually takes between 2 to 4 weeks, depending on the lender, your paperwork, and whether a property valuation is needed.
Can I access my home equity when refinancing?
Yes, refinancing is one way to access built-up equity for renovations, investments, or other big expenses. This is known as a cash-out refinance.
What documents do I need to refinance my home loan?
You’ll typically need recent payslips, bank statements, loan statements, and personal ID. A broker can guide you through exactly what’s required.
Ready to explore Refinancing options?
At Explore Lending, we’re here to make refinancing choices easy and personal. Whether you’re buying your first home, refinancing, or investing, we’ll help you explore the right lending options—without pressure or confusion.
Your next move starts with a conversation.
