Refinance Your Mortgage · Home Loans
Your bank forgot about you two years ago. We check whether your loan still fits.
Fixed rate ended, repayments jumped, or a nagging feeling you are paying too much. We compare your loan across up to 70 lenders and tell you plainly whether switching leaves you better off.
$1.5b in settled lending
MPA Top Commercial Brokers
5.0 Google rating
Phone answered 24 hours
What happens next
Why commercial through Evolve
Commercial is where we do our best work
Stay or switch
We compare your current loan against the market after every cost: discharge, break, application and lenders mortgage insurance. If staying wins, we say so.
Up to 70 lenders
Majors, non-banks and specialists across the residential panel, so the comparison is against the whole market, not just the big four.
Your bank, asked first
Before you switch, we ask your current lender to sharpen the rate on the loan you already hold. Sometimes that alone is the answer.
Reviewed, not forgotten
Settlement is the start. We check whether the loan still fits as fixed periods end and rates move, so this does not happen again.
Example scenario
Fixed rate ended, self-employed, refinanced in full
A self-employed Sydney couple saw their repayments jump when the fixed period on a $1.65 million home loan ended. Their own lender’s offer was uncompetitive, and on COVID-year financials their borrowing capacity read as $1.2 million, well short of the refinance. We gathered current evidence instead: draft tax returns confirmed by their accountant and the latest BAS, showing the business had recovered. When the first approved lender repriced, we took the file to a major bank that assessed current self-employed income properly. The full $1.65 million refinanced, split fixed and variable, with a budget they could plan around again. A composite example drawn from several client files; details changed.
“Mark helped us refinance our home loan and we saved so much money on our repayments. He was super responsive and more than happy to answer all the little questions we had in a way that we could understand.”
Jessica, Google review
“Evolve Lending & Finance have looked after us a number of times we have always found the team to be very friendly courteous and they just get the job done we would not go anywhere else.”
Lyn, Google review
In plain terms
Refinance home loan rates and what they miss
Refinance home loan rates are what most people search for, and they are the least useful place to start. A rate on a comparison site says nothing about whether that lender will approve you, what it costs to leave your current loan, or whether a lower repayment is just a longer term in disguise. The useful question is whether switching leaves you better off after every cost.
That is the question we answer. We ask your current lender to sharpen what you already have, then compare it against up to 70 lenders, counting discharge fees, break costs, application fees and any lenders mortgage insurance. If you want to consolidate your debts or are thinking about using your equity, that goes into the same assessment. More than $1.5 billion settled includes plenty of loans that needed a second look.
Tell us the balance, the rate and what has changed. The answer will be straight: better off switching, better off staying, or not yet, and what changes it.
How it works
From first conversation to settlement
- Step
The first conversation
A call, usually within one business day, covering your current loan, what has changed and what you want it to do now.
- Step
Initial assessment and recommendation
We ask your lender for a better deal, compare it against the panel with every cost counted, and recommend stay or switch in writing. If staying wins, that is the advice.
- Step
Application prepared for signing
We prepare the application and supporting documents for the chosen lender. You review and sign; nothing is lodged until you have.
- Step
Lodgement and lender approval
Lodged the same or next business day after signing. Most lenders approve in 3–7 business days, some in 1–2, a few take 10–15. Then we manage the discharge and settlement.
Understanding refinancing
What borrowers ask before they switch
What does refinancing a home loan involve?
Refinancing replaces your current home loan with a new one, at a different lender or on a different product with the same lender. The new loan pays out the old one, and repayments go to the new lender from settlement.
The application is assessed like a purchase loan: income, expenses, other debts, credit history and a valuation. Your current lender then discharges its mortgage, often the slowest part of the process.
When is refinancing worth it?
Refinancing is worth it when the saving over the time you expect to hold the loan is larger than the cost of moving. Those costs are discharge fees, any break cost on a fixed rate, the new lender’s fees and, above 80 per cent of the property’s value, lenders mortgage insurance (LMI) again.
One trap is a lower repayment that comes from resetting to a new 30-year term rather than a better loan. We compare on the same remaining term, so the saving is real.
What happens when your fixed rate ends?
When a fixed period ends, most lenders move the loan to their standard variable rate unless you have arranged something else. That rate is often higher than the same lender offers new customers, which is why repayments can jump by hundreds of dollars a month.
The best time to act is a few months before the fixed period ends, so you can reprice or switch without a break cost. If it has already ended, the options are the same; you are just paying more while you decide.
Can you refinance to release equity or consolidate debt?
Yes. A refinance can increase the loan to release equity for a renovation or an investment deposit, or to roll credit cards, car loans and personal loans into one repayment. Lenders assess the larger loan against your income and the property’s value.
Consolidation lowers the monthly total but can cost more over time if short debts are spread across a 30-year term, so structure matters as much as approval.
Keep exploring
Borrow against what you have already paid off.
Using equity for the next property, structured properly.
Refinancing when your income is business income.
Calculator · Ask your bank first or switch: which comes out ahead
Calculator · Check the new loan still fits your income
Find out whether your loan still fits
Call 1300 112 355
Questions refinancers actually ask
How often should you review your home loan?
Many borrowers should review their loan every few years, or sooner if rates, repayments, income or future plans have changed.
Can you refinance a fixed-rate home loan?
Yes, but break costs may apply. That needs to be assessed before making a move.
Does refinancing hurt your credit score?
A properly managed refinance should not be a problem, but repeated or poorly targeted credit enquiries can have a negative effect. That is one reason lender choice matters.
Can you access equity when refinancing?
Yes, in many cases. But it depends on your property value, current loan position, servicing and the lender’s policy.
How long does refinancing take?
Timelines vary, but many refinances take a few weeks from application to settlement depending on complexity and lender turnaround times.