Refinancing| South Melbourne & South Yarra

While we Aussies love property, home loan repayments still sting and are often your household’s biggest bill. But with the Reserve Bank of Australia choosing to keep rates low, now could be the perfect opportunity to see if you could save through refinancing your loan.

Choosing your home loan doesn’t mean you are stuck in it forever

With the cash rate so low, lenders have been dropping their home loan rates, giving you the perfect opportunity to see if you could save on your current home loan. In fact, you should be checking your home loan every 2 years to match changes in bank rates and make the most of any new loan products on the market. 

The most common reasons to refinance include:

  • Securing a lower interest rate 
  • Lowering monthly repayments
  • Consolidating debt into one low rate loan
  • Accessing equity in your current home to invest or renovate
  • Switching loan terms or fixed to variable rates

See how much a lower rate could save you with our interest rate calculator

Video: what is refinancing?

"Bottom line, you've literally saved me thousands of dollars in less interest payments. Huge savings! Really appreciate the way you researched the market and provided me with options to consider... A big thank you to you and your staff!"

[ Bill, Doncaster East ] 

We can help you find a better deal

Refinancing your home loan can be a fantastic way to not just lower your monthly repayments, but also access some pretty great loan inclusions and help you pay off your loan sooner. It can even help you access equity in your home, freeing up some cash to invest in a new investment property or renovate your existing one.

With so many different lenders on our panel and hundreds of loan options, the team of brokers at Mortgage Choice in South Melbourne & South Yarra will compare your current loan with the others in the market to see if we can find you a better one.

Read: Want a rate cut? Just ask

Real story: Refinancing to save over $1,400 a month

Our free home loan health check

Mortgage Choice South Melbourne & South Yarra offer a free home loan health check to help you review your current loan and see if we can find you a better deal. It only takes a short amount of time and could save you money. 

To book your free home loan health check with us, just click on the Contact Us button at the top of this page or call us on 9681 8182 to book in your appointment.

Our other home loan resources:

We have a range of home loan resources, to help you feel confident through the home loan process. To get started:



Contact us today.

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