Refinancing Home Loans
Let stellar finance group help you benefit from lower interest rates, reduced monthly payments, a different loan term, or access to home equity.
Life Changes, and So Does Finance
The loan you signed up for a few years ago isn’t necessarily the right one for you today.
Making Sure Our Clients Are Sorted
When we help you get approved for finance to buy a property, it won't be the last you hear from us. We'll support you long-term.
Helping New Clients Refinance, Too
We work with many clients who know they're not getting the most optimal deal from their lender, and so seek out our help.
If you already own a home, you may be sitting on untapped equity. We can help you leverage this in a way that doesn’t sacrifice your current lifestyle. If you want to take advantage of opportunities to build your investment property portfolio, we’re here to make it happen. Get your refinancing home loan pre-approval sorted today.
To better plan your finances, try using our Loan Repayment Calculator to estimate your repayments.
INVESTMENT PROPERTY
Proven expertise to make sure the structure supports the strategy
There are so many refinancing home loan options out there, including investment-specific finance options. While the interest rate is important, it’s not the only cost of a to consider. We make sure the structure of all your loans supports your overarching property investment strategy.
There are no guarantees in life, but with our deep insight into the lenders’ closely-guarded policies, we can help you put your best foot forward and increase the likelihood of you being approved for your property investment or refinancing home loan.
Refinancing - Why the Benefits Are Just Too Good Not to
Life is full of changes, and your home loan should adapt to match your evolving needs. Whether your family has grown, your lifestyle has shifted, or your financial situation has improved, there may be a better refinancing home loan out there for you. Refinancing offers the opportunity to explore new options and secure a deal that aligns with your current circumstances.
Perhaps you’re eyeing a lower interest rate or seeking more flexible features to better suit your lifestyle. Maybe you’re considering debt consolidation or leveraging your home equity for renovations or investments. Whatever your motivation, refinancing home loans open doors to new possibilities. Let’s dive deeper into the top reasons to make the switch.
Get a Lower Interest Rate
Who doesn’t love saving money? Refinancing for a lower interest rate not only puts more dollars back in your pocket but also has the potential to accelerate your journey to mortgage freedom. With reduced monthly repayments, you’ll have extra cash to play with. Plus, if you redirect those savings into larger repayments, you could shrink your mortgage and slash your total interest payments. Since lenders use various factors to determine rates, it’s wise to consult with a broker to uncover the best refinancing home loan rates available to you.
Get the Bells and Whistles
Your home loan should be as dynamic as your life. Beyond just the interest rate, there are a plethora of features that could better suit your current circumstances. Perhaps you’re eyeing options to minimize interest and expedite your refinancing home loan repayment, such as offset transaction accounts or the flexibility of making extra repayments. Maybe you’re keen on diversifying your risk with a split between variable and fixed rates. Some loans offer customizable repayment frequencies, perks like rewards credit cards, or the freedom to redraw surplus repayments sans fees.
Debt Consolidation
Seeking to streamline your finances and cut costs? Consolidating debts such as personal loans, car loans, or credit card balances into your mortgage could be the solution. While each lender has varying guidelines for consolidating multiple debts into one, many refinancing home loans offer this convenient feature. If you’re looking to simplify your repayment process and potentially save money, debt consolidation could be a compelling reason to explore refinancing options.
Use Equity to Do the Things
Unlocking the equity in your home can provide financial flexibility for various purposes, such as renovations or investments. Refinancing home loans allow you to tap into the equity you’ve built up in your property over time, giving you access to funds that can be used to enhance your home or pursue other ventures. Whether you’re planning to upgrade your property or embark on a new investment opportunity, refinancing to access your home equity offers a pathway to achieve your goals.
How to Apply for Refinancing Home Loans
1. Review Your Current Financial Situation and Home Loan
Start by assessing your current home loan, loan amount, monthly repayments, and overall financial situation. Understand your goals, whether it’s lowering your loan rate, changing your loan term, accessing equity, or consolidating debt. This step ensures you’re refinancing with a clear purpose.
2. Compare Loan Options and Features
Explore new loan options that better suit your needs. Consider the benefits of a fixed rate loan, extra repayments, offset accounts, or a split loan type. Our mortgage brokers help compare offerings from your current lender and potential new lenders, ensuring you don’t just chase the lowest rate but also the right loan features.
3. Check Your Credit Score and Lending Criteria
Your credit score impacts your refinancing eligibility. Our team will review this and help align your application with the lending criteria of various lenders. If you’re dealing with bad credit, we’ll help you find a lender who can still work with you.
4. Submit Your Loan Application
We’ll guide you through the loan application process. From gathering documentation, such as income proof, existing loan account details, and property valuations, to preparing a strong case for approval, we handle the legwork. Whether you’re staying with your existing lender or switching to a different lender, we ensure a smooth transition.
5. Get Approved and Settle Your New Home Loan
Once approved, your new home loan will be finalised, and your existing loan will be paid out. We’ll help manage any settlement fees and ensure a seamless switch with minimal disruption. You’ll then start making repayments on your new loan, potentially with lower monthly payments or more flexible terms.
Who We Are
DR. LISA BRIDGETT
At Stellar Finance Group, we’re a boutique mortgage brokerage specialising in helping ambitious professionals across Australia take control of their finances through smart, personalised lending solutions, including refinancing home loans.
Led by Dr. Lisa Bridgett, a PhD-qualified finance expert, we offer strategic advice, tailored loan structures, and end-to-end support. Whether you’re looking to reduce your monthly repayments, switch to a fixed rate loan, or leverage your equity for new opportunities, we’re here to make the process simple and stress-free.
We work with a broad panel of trusted lenders and understand the nuances of lending criteria, loan features, and lender policies. Our clients trust us because we take the time to understand their unique financial situation, then match them with the most suitable refinance home loan or home loan refinancing solution.
Whether you’re staying with your current lender or switching to a new lender, our goal is to save you time, reduce complexity, and help you make informed financial decisions, now and into the future.
How Does a Refinancing Home Loan Work?
Your Trusted Partner in Property and Finance
A refinancing home loan involves replacing your current home loan with a new loan, usually through a different lender, although you can also refinance with your existing lender. The goal is to improve your financial position by reducing your interest rate, changing your loan term, accessing equity, or consolidating debt.
Here’s how it works step-by-step:
1. Assess Your Current Loan
You begin by reviewing your current loan: the loan amount, monthly repayments, remaining loan term, and any loan features you currently have (like offset or redraw). This helps determine what you want to improve.
2. Compare New Loan Options
Next, you or your mortgage broker compare loan options from multiple lenders. The goal is to find a better interest rate or more flexible features, such as fixed rate loans, extra repayments, or lower fees and charges.
3. Apply with the Chosen Lender
Once you’ve chosen your new lender, you’ll go through the loan application process. This includes submitting financial documents, meeting the lender’s lending criteria, and passing a credit check.
4. Loan Approval & Settlement
If approved, your new loan is used to pay off your existing loan, and the refinancing process is completed. You’ll now make repayments to your new home loan provider, ideally with better terms or lower monthly payments.
5. Enjoy the Benefits
Once the switch is complete, you may enjoy benefits such as:
Lower home loan interest rates
Reduced monthly repayments
Access to equity for renovations or investments
Simplified debt consolidation
Greater flexibility with loan features
Frequently Asked Questions
What is a refinancing home loan?
A refinancing home loan replaces your current home loan with a new loan, usually with a different lender offering better rates, terms, or features. It can help reduce your monthly repayments, access equity, or consolidate debt.
Why should I refinance my home loan?
Common reasons to refinance include getting a lower interest rate, shortening your loan term, accessing equity for renovations or investment, switching from a fixed rate loan to variable (or vice versa), and consolidating debts like credit cards or personal loans.
How much can I borrow when refinancing?
Your loan amount depends on your property’s value, your income, expenses, credit history, and the lending criteria of the lender. We’ll help you assess your borrowing power and guide you through your loan application.
Can I refinance with bad credit?
Yes, refinancing is still possible with bad credit, although options may be limited. We can help match you with lenders who offer flexible solutions based on your financial situation.
Will I need to pay Lenders Mortgage Insurance (LMI) again?
Possibly. If your new loan amount exceeds 80% of your property’s value, you may need to pay Lenders Mortgage Insurance. We’ll assess your position to minimise costs where possible.
What costs are involved in refinancing?
Costs can include settlement fees, discharge fees from your current lender, government fees, and application fees from your new lender. We’ll provide a breakdown so you can weigh costs vs benefits.
How long does the refinancing process take?
On average, the refinancing process takes 2–4 weeks, depending on the lender and complexity of your application. Our team manages the process to keep things moving smoothly.
Can I use a refinance calculator?
Yes! Use our free refinance calculator to estimate potential savings and new monthly payments based on your desired loan term and interest rate.
Hear From Our Clients
Lisa has a fantastic way of tuning into needs and ensuring we have confidence in our important decisions, through being well informed and not rushed. Lisa really made us feel assured and helped to break down any knowledge barriers, making us feel in control of our decisions. Thank you Lisa for your ongoing support and helping to build a positive future for our family!
Wayne Jones
From the moment you first meet, Lisa will be here to inform you, guide you and along with you, make your financial dreams come true. Sam Asadollahi recent experienced this when he asked Lisa to help him with purchasing his first property.
Sam Asadollahi
Got a dream? Lisa and her team can help you make it happen. I can’t think of a better person to have on my team to achieve my goals. Her hard work and determination bring results and she always has plan B and C (at least!) to make sure she can make things happen for you. Her team are excellent, keeping you well informed in the progress of negotiations and very responsive. I can’t recommend Lisa and her team enough!
Jennifer Hsu
Lisa was awesome in the way she carried out her services. She was fully engaged from the very first meeting in understanding our needs to then take us through options in the market and eventually help us choose the right product. The whole process was well defined and managed by Lisa and her team all the way till we settled. If you are on the lookout for a professional who knows the mortgage industry well, spends time to understand your needs and maintains a proactive communication at every step of the process, then Lisa should be your choice for a broker. I highly recommend the services of Lisa Bridgett and thank her for the efforts.
Babu Narayanan
It was an absolute pleasure working with Lisa on our loan financing. Lisa is extremely professional, dedicated and knowledgeable. We were very impressed with how responsive Lisa always was (and still is) to all our questions and we valued the fact that we could communicate with her outside of the normal working hours. We would recommend Lisa highly to anyone in need of mortgage financing.
Magda Louw
Lisa Bridgett is all about making her clients’ life easier! From the moment you first meet, Lisa is there to inform you, guide you and along with you, to make your financial dreams come true. Hear what her client Renee Vella has to say.
Renee Vella
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Refinance Your Home Loan with Confidence
Contact Stellar Finance Group today, your trusted partner for tailored, expert mortgage advice. Whether you’re lowering your interest rate, accessing equity, or consolidating debt, we’re here to help you every step of the way.