February 5, 2026
A simple guide to Refinancing your mortgage and securing a better rate in Australia.
If you want to lower your repayments, access to equity, or secure a better interest rate,
refinancing your mortgage can be one of the smartest financial decisions you will make.
With the Australian real estate market and interest rates constantly changing, now is an excellent time to explore how refinancing could benefit you.
In this guide, the experts at Kian Mortgage Solutions break down the refinancing process and explain how it can help Australian homeowners maximize the benefits of their mortgage.
What is Mortgage Refinancing?
Refinancing involves replacing your current home loan with a new one—often from a different lender—usually to secure a better deal. This can include:
- Lower monthly payments
- Shorter loan terms
- Access to your home’s equity
- Flexible features, such as offset accounts and redraw options.
When should you consider refinancing?
Refinancing isn’t just about securing a lower interest rate—it’s about enhancing your overall financial situation. When the market presents a better offer or your current loan no longer suits your needs, it’s time to consider refinancing. Even a slight reduction in your interest rate can save you thousands of dollars over the life of your loan.
- You might want to consider refinancing your mortgage if:
- Your current interest rate is higher than the rates currently available in the market.
- You have built up equity in your home and want to access it.
- You’re looking to consolidate debts (like credit cards or personal loans)
- You want better loan features.
- Your fixed-term contract is ending soon.
- Evaluate your current debt: Understand your interest rates, fees, and any break costs. Determine how much you owe and whether refinancing is worthwhile.
- Examine rates and lenders: To find better rates and loan features, use online resources or consult a mortgage broker at Kian Mortgage Solutions.
- Calculate the expenses: There may be fees such as discharge fees, new loan setup fees, or property valuation fees. A broker can help you weigh these costs against your potential long-term savings.
- Submit a new loan application: After selecting the appropriate product, submit your application along with your most recent income, expense, and property information.
- Settle the new loan: After approval, your new lender pays off the old loan, and your new repayments begin.
5 Tips for successful refinancing
Finding a lower interest rate is only one aspect of refinancing; another crucial factor is making prudent financial decisions that will benefit you in the long term. You can significantly improve your chances of securing the best deal by following a few simple steps. Here is how to position yourself for success:
- Understand your credit score before applying for a loan.
- Avoid incurring major expenses during the refinancing process.
- Always read the fine print—low rates can come with high fees.
- Consider seeking professional advice to make accurate comparisons.
Why choose us
At Kian Mortgage Solution, we make refinancing enjoyable and stress-free. Here’s why our clients trust us:
- 40+ Australian lenders are available.
- Personalized loan guidance
- Assistance with negotiating lower prices
- Fast and transparent process
- No-obligation consultations
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