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Refinance Home Loan Melbourne

Stop paying your
bank's loyalty tax

Most Melbourne homeowners are sitting on a better deal they haven't found yet. We compare 30+ lenders to find your lowest refinance rate — and handle every step of the switch.

Book Free Call Call 0419 891 983
30+ lenders compared
No cost to you
Eastern suburbs specialist
Refinance snapshot
Example scenario
Loan balance $650,000
Current rate 6.89%
New rate found 6.14%
Monthly saving ~$320/mo

Example only. Actual savings depend on your loan balance, lender, and eligibility. Subject to lender credit assessment.

30+
lenders on panel
3–6 wks
to settle
$0
broker fee
15+
years experience
Lenders we work with
ANZ CBA Westpac NAB Macquarie ING Suncorp BOQ AMP Athena +20 more
Reasons to refinance

Common reasons Melbourne
homeowners refinance

Your home loan should be working harder for you. Here are the most common situations where refinancing makes sense.

Get a better rate
If you've been with the same lender for 3+ years and haven't renegotiated, you're likely paying more than you need to. Banks reserve their sharpest rates for new customers.
Fixed rate expiring
When your fixed term ends and you roll onto a variable rate, that's often the highest rate on your lender's book. The weeks before expiry are the best time to shop.
Access your equity
Melbourne property growth over the last few years has left many homeowners sitting on significant equity. Refinancing can release funds for renovations, an investment property deposit, or other goals. Subject to eligibility and lender assessment.
Consolidate debt
Rolling high-interest credit cards or personal loans into your home loan can simplify repayments and potentially reduce what you pay overall. We model the full cost before recommending it.
Reduce your loan term
If your income has grown since you took out your loan, refinancing to a shorter term can save tens of thousands in interest over the life of the loan.
Change loan structure
Switch from principal and interest to interest only, add an offset account, or restructure for tax purposes. Many lenders won't allow in-life changes — refinancing gives you a clean slate.
Why Digital Finance Solutions

What you get with a
refinance broker

Going direct to your bank means comparing one option. We compare dozens — and do all the legwork.

30+ lenders at once
We compare the big four banks alongside non-bank lenders and specialists. You see the full market — not just the logo on your current statement.
We handle the paperwork
From application to settlement, we manage every form, follow-up, and discharge request. Your job is to sign — we do the rest.
No cost to you
Our service is free. We're paid by the lender after your loan settles. You get access to our expertise and our lender panel at zero cost.
Local eastern suburbs knowledge
We've been working in Melbourne's eastern suburbs for over 15 years. We know which lenders value the local market and which don't.
Full cost analysis
We model your break-even point, account for discharge fees and switching costs, and only recommend a refinance when the numbers stack up.
Same-day response
Call or submit an enquiry and hear from us the same business day. No hold music, no call centres — a real broker who knows your situation.
Who we help

Refinancing works differently
depending on your situation

We tailor our approach based on where you are now and what you're trying to achieve.

Owner-occupiers
You bought your home years ago and haven't compared rates since. There's a good chance you're paying more than necessary. We benchmark your current rate against the market and find what you're eligible for.
Investment property owners
Investment loan rates are typically higher than owner-occupier rates. Refinancing your investment loan — or restructuring how it's set up — can meaningfully improve your after-tax return.
Equity access
If Melbourne property growth has built equity in your home, refinancing lets you access it without selling. Whether it's for a renovation, a deposit on an investment, or other plans — subject to eligibility.
Fixed rate cliff
Thousands of Australian borrowers fixed their loans in 2021–2022 at low rates. If yours is expiring, now is the time to shop before you automatically roll onto a much higher variable rate.
Self-employed borrowers
Your income structure can make refinancing more complex. We work with lenders who understand self-employed applicants and assess income based on the full picture — not just payslips.
Debt consolidation
Rolling multiple debts into your home loan can simplify your finances and reduce total interest paid. We model the numbers carefully and help you understand the trade-offs before recommending it.
The process

How refinancing works
with Digital Finance Solutions

We handle the complexity so you don't have to. Most clients are settled within 3–6 weeks.

01
Free assessment
We review your current loan — rate, features, remaining term — and model what better options look like for your situation. No obligation.
02
Lender comparison
We search 30+ lenders and return a shortlist of options that match your goals. We explain the trade-offs clearly — lower rate vs. features vs. flexibility.
03
Application
Once you choose a direction, we prepare and lodge the full application. We manage all communication with the new lender and your existing one.
04
Settlement
We coordinate discharge of your existing loan and settlement of the new one. You get confirmation when it's done — and we stay available if anything comes up after.
Common questions

Refinance FAQ

How often should I refinance my home loan? +
Most experts suggest reviewing your home loan every 2–3 years. If your fixed rate is expiring, your property value has increased, or rates have moved since you settled, it's worth comparing your current loan against what's available in the market.
What costs are involved in refinancing? +
Common costs include discharge fees from your current lender (typically $150–$350), government registration fees, and any break costs if you're leaving a fixed rate early. In many cases, savings from a lower rate outweigh these costs within 12–18 months. We model this for you before recommending you proceed.
Can I refinance to access my home equity? +
Yes. If your property has increased in value since you purchased, you may be able to access that equity through a cash-out refinance. This is commonly used for renovations, investment deposits, or debt consolidation. Eligibility depends on your current LVR and lender criteria, subject to credit assessment.
How long does refinancing take? +
From application to settlement, refinancing typically takes 3–6 weeks. The timeline depends on how quickly your current lender processes the discharge and how complex your financial situation is. We keep things moving and chase up any delays on your behalf.
Will refinancing affect my credit score? +
A credit enquiry is made when you apply, which can have a minor short-term impact. However, successfully refinancing to a better rate and maintaining repayments typically has a positive effect over time. We help you understand this before you commit to an application.
How much can I save by refinancing? +
This depends on your loan balance, current rate, and what you're eligible for. On a $600,000 loan, reducing your rate by 0.50% could save around $150–$200 per month. We run the numbers for your specific situation during the free assessment — so you know exactly what's at stake before you commit.

Ready to see if you're on the best deal?

Get a free, no-obligation refinance assessment. We compare your current loan against 30+ lenders and show you your options — usually within 24 hours.

Book Free Call Call 0419 891 983