Home Loan Refinancing

Refinancing your home loan means replacing your existing mortgage with a new one—ideally on better terms. Whether you want to reduce monthly repayments, access equity, add loan features, or consolidate debts, Natloans' mortgage brokers can compare options across a panel of over 50 banks and non-bank lenders to help you find a solution that suits your circumstances. Rates from 5.69% p.a. are referenced on the Natloans refinancing page (published June 2025, last modified October 2026); confirm current rates directly with Natloans, as rates change.

Is Refinancing Right for You?

Refinancing can be a smart financial move, but it is not automatically the right choice for every borrower. The decision depends on your current loan terms, your financial goals, the costs involved in switching, and what is available on the market. Natloans recommends working through a structured review before committing to any change.

Common reasons homeowners explore refinancing include:

  • Securing a lower interest rate to reduce the total cost of the loan
  • Reducing monthly or fortnightly repayments
  • Accessing equity for renovations, investments, or other financial goals
  • Consolidating other debts into one loan
  • Gaining access to features not available on the current loan, such as an offset account or redraw facility
  • Adjusting the remaining loan term to better match future plans

None of these outcomes is guaranteed. Whether refinancing delivers value depends on the numbers specific to your situation.

Key Things to Consider Before Refinancing

Evaluate Your Current Loan Terms

Before approaching a new lender, assess what you currently have. Review your interest rate, ongoing fees, remaining loan term, and repayment flexibility. Identifying where your existing loan falls short helps clarify what to look for in a replacement.

Understand Refinancing Costs

Switching loans is not cost-free. Costs that may apply include:

These costs need to be weighed against any expected savings. Refinancing only makes financial sense when the long-term benefit exceeds the upfront cost of switching. Natloans brokers can help you model this comparison for your specific loan.

Compare Interest Rates and Ongoing Fees

The advertised interest rate is only part of the picture. Comparison rates incorporate the interest rate and most standard fees, using stated assumptions. They do not replace a cost comparison for your actual balance, remaining term and circumstances. Even a modest rate reduction can represent meaningful savings over a long loan term, but ongoing fees on the new loan can offset that benefit if they are high.

Note: The rate of 5.69% p.a. referenced in the page title was published on the Natloans website (last modified October 2026). It must be confirmed with Natloans before relying on it, as rates are subject to change and individual eligibility conditions apply.

Consider Loan Features

Modern home loans often include features that can reduce interest costs or add flexibility:

Feature How It May Help
Offset account Funds held in the account reduce the loan balance on which interest is calculated
Redraw facility Allows access to extra repayments already made, providing a financial buffer
Flexible repayment options Ability to make additional repayments or adjust repayment frequency

Whether these features are available, and under what conditions, depends on the specific lender and loan product. Confirm details with Natloans.

Check Your Credit Score

Lenders assess your credit history as part of a refinancing application. A healthy credit score can improve your access to competitive interest rates. Applying for refinancing may trigger a credit inquiry, which can temporarily affect your score. Consistent repayments on a new, more manageable loan may support your credit profile over time—but this depends on individual circumstances and is not guaranteed.

Align Refinancing with Your Financial Goals

Clearly defining what you want to achieve helps narrow the options. Are you focused on paying the loan off faster, reducing repayments now, or accessing equity for a specific purpose? Your goals should drive the choice of loan structure, term, and features—not the other way around.

How Natloans Can Help with Home Loan Refinancing

Natloans describes its approach to refinancing support across four areas:

Expert Advice Tailored to Your Needs

Natloans mortgage specialists work with you to understand your financial goals and assess your current loan. Their role is to guide you through comparing interest rates and understanding loan features so you can make an informed decision—not to recommend a change before the numbers support it.

Access to a Wide Lender Panel

Natloans partners with a panel of over 50 banks and non-bank lenders. This breadth means brokers can compare a range of refinancing products rather than being limited to a single lender's offerings. The right product for you depends on your individual circumstances, which a broker can help assess.

Transparent Communication

Natloans states a commitment to clearly explaining all fees, costs, and terms associated with refinancing before you commit, so there are no unexpected costs after the fact.

Long-Term Focus

Natloans frames refinancing as part of a longer relationship with clients, aimed at helping optimise finances over time—not just completing a transaction.

The Refinancing Process with Natloans

The Natloans website outlines a three-step process:

  1. Calculate: Use the repayment calculator to see estimated fortnightly repayments based on your loan amount and term. This is an indicative tool, not a loan offer or approval.
    Use the calculator on the refinancing page
  2. Compare and Select: Book a free consultation with a Natloans broker to review your options across the lender panel. The broker compares products; you make the final choice.
    Book a free consultation
  3. Apply and Get Approved: Submit a formal application for the loan you have selected. Approval is subject to the lender's assessment of your financial position, credit history, and the security property. Pre-qualification at any earlier stage does not establish final approval.
    Apply now

Timelines for each stage depend on the lender, the complexity of your application, and how quickly required documents are provided. Confirm expected timeframes with your Natloans broker.

Free Home Loan Health Check

Natloans offers a free Home Loan Health Check as a starting point for homeowners who want to understand whether their current loan remains competitive. This review is not an obligation to refinance; it is an opportunity to get a clearer picture of your position before making any decisions.

Book your free Home Loan Health Check

Frequently Asked Questions About Home Loan Refinancing

What is refinancing, and why should I consider it?

Refinancing replaces your current mortgage with a new one. Common reasons include obtaining a better interest rate, adding loan features such as an offset account or redraw facility, or accessing equity built up in the property. Whether it is worth doing depends on the costs involved and the benefit available in your specific situation.
Source: natloans.com.au/home-loans/home-loan-refinancing/

What costs should I check before refinancing?

The Natloans refinancing page identifies break or exit costs charged by your current lender, new-loan application fees, legal and valuation expenses, and possible lenders mortgage insurance. These costs need to be compared with any expected savings before deciding whether a switch offers genuine value.
Source: natloans.com.au/home-loans/home-loan-refinancing/

Does refinancing automatically save money?

No. Refinancing involves upfront costs, and those costs may outweigh any rate benefit—particularly if you are early in your loan term or if the rate difference is small. Natloans recommends calculating the full cost comparison before proceeding. This page does not establish guaranteed savings.
Source: natloans.com.au/home-loans/home-loan-refinancing/

Which features should I compare in my existing and proposed loans?

The Natloans page recommends checking interest rates, ongoing fees, the remaining loan term, repayment flexibility, offset accounts, and redraw facilities. These features can matter as much as the headline rate when assessing how a loan will work for your day-to-day finances.
Source: natloans.com.au/home-loans/home-loan-refinancing/

What information helps frame a refinancing discussion with a broker?

Start with your current loan terms and a clear reason for reviewing the loan—whether that is different repayments, more suitable features, accessing equity, or consolidating debts. Having this information ready allows a broker to compare alternatives against a meaningful baseline.
Source: natloans.com.au/home-loans/home-loan-refinancing/

How does refinancing affect my credit score?

Applying for refinancing may result in a credit inquiry, which can temporarily lower your score. Over time, consistently meeting repayments on a new loan that better fits your budget may support your credit profile. The actual effect depends on your individual credit history and financial behaviour.
Source: natloans.com.au/home-loans/home-loan-refinancing/

How many lenders does Natloans compare?

Natloans' home loan panel includes over 50 banks and non-bank lenders, as stated on the refinancing page (last modified October 2026). The specific lenders on the panel and the products available should be confirmed with Natloans, as panels can change.
Source: natloans.com.au/home-loans/home-loan-refinancing/

What is a comparison rate and why does it matter?

A comparison rate combines interest and specified fees for an example loan amount and term. It does not establish your actual full cost or include every charge. Compare your actual balance, remaining term, fees and features using a complete quote. The original source’s total-cost description must be read with these limits.

Is the 5.69% p.a. rate available to all borrowers?

The rate of 5.69% p.a. is referenced in the page title on the Natloans website (published June 2025, last modified October 2026). It is not independently verified as current, and eligibility depends on individual circumstances including loan size, loan-to-value ratio, credit profile, and lender criteria. Confirm whether this rate applies to your situation directly with Natloans.
Source: natloans.com.au/home-loans/home-loan-refinancing/

What is a Home Loan Health Check?

Natloans offers a free Home Loan Health Check as an initial review of your current loan to assess whether it remains competitive. It is a no-obligation starting point, not a commitment to refinance or a loan approval.
Source: natloans.com.au/home-loans/home-loan-refinancing/

Can I use refinancing to access equity?

Accessing equity built up in a property is one of the purposes Natloans identifies for refinancing. Whether this is available and on what terms depends on the lender's assessment of your property value, existing loan balance, and financial position. Discuss your specific situation with a Natloans broker.
Source: natloans.com.au/home-loans/home-loan-refinancing/

Can refinancing help with debt consolidation?

Natloans lists debt consolidation as one reason borrowers consider refinancing. Consolidating debts into a home loan may reduce the interest rate applied to those debts, but it can also extend the repayment period and increase the total interest paid over time. This trade-off should be assessed carefully with a broker before proceeding.
Source: natloans.com.au/home-loans/home-loan-refinancing/

What Natloans Customers Say

The following paraphrase public reviews displayed in the Natloans website’s Google/Trustindex widget, retrieved October 2026. They reflect individual experiences and are not a guarantee of outcomes.

  • Hayley Patterson (October 2026): Described broker Lizzy as helpful and easy to follow, noting a quick turnaround from first contact to payout and consistent communication throughout.
  • Laura Ferlazzo (October 2026): Described broker Declan as knowledgeable, responsive, and efficient, and said the process was straightforward.
  • Yoganand Ramphul (October 2026): A repeat client who noted this was their fifth loan with Natloans, citing good advice and appropriate product recommendations each time.
  • Erika Rupping (September 2026): A client of over five years who described Natloans as professional, helpful, and attentive to individual needs across multiple loan applications.
  • Scott Quilliam (September 2026): Praised broker Michelle for professionalism, attention to detail, and clear communication throughout the process.
  • Janice Kerr (September 2026): Described broker Michelle Douthie as patient and very helpful.

Read more Natloans reviews on Trustindex

The overall rating referenced on the Natloans page is described as "Excellent" based on 925 reviews (as of the page retrieval date of October 2026). Confirm current review counts and ratings directly.

Next Steps

If you are considering refinancing your home loan, Natloans suggests the following starting points:

  1. Use the repayment calculator on the refinancing page to get an indicative estimate of repayments under different loan scenarios.
  2. Book a free consultation or Home Loan Health Check with a Natloans broker to review your current loan and compare available options.
  3. When you are ready to proceed, submit a formal application for the loan product you have selected.

For questions not covered here, contact the Natloans team directly for advice specific to your circumstances.

Source References

All rates, lender counts, review scores, and eligibility thresholds cited on this page are drawn from the Natloans public website as retrieved on 15 October 2026. They are not independently verified as current. Confirm all details with Natloans before making any financial decision.

Compare the remaining term as well as the rate

A smaller repayment does not automatically mean a cheaper loan. Extending the loan term can increase total interest. Include switching costs and compare the proposed term with the years left on your existing mortgage. ASIC’s Moneysmart switching-home-loans guide explains this trade-off and links to a switching calculator. Guidance checked 15 October 2026.

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