Could you be saving more on your home loan?
If your loan is more than two years old, a better rate is very likely available. Finance Craft will benchmark your current rate against 30+ lenders and handle the entire switch, at no cost to you.
Most Eastern Suburbs Homeowners Could Be on a Better Rate
Property values across the Eastern Suburbs have grown significantly, and so have lenders competing for your business. If your loan is more than two years old, there's a strong chance better rates and features are available. The problem is most people don't switch. The process feels complicated, and your current lender is counting on that.
Finance Craft makes refinancing straightforward. We review your current loan, run a detailed savings analysis, identify the best option across 30+ lenders, and manage the entire switch from application to settlement, at no cost to you. You find out what you could save, and we handle everything else.
Four reasons Eastern Suburbs owners refinance
Get a Better Rate
Even a 0.5% reduction on a $1M loan saves around $5,000 per year. Lenders offer their sharpest rates to new customers. Refinancing puts you back in that position. We negotiate on your behalf to secure the most competitive rate available.
Access Your Equity
Eastern Suburbs property values have increased substantially over the past decade. If your home has grown in value, refinancing lets you access that equity for renovations, an investment property deposit, or other financial goals, without selling.
Better Loan Features
Your financial needs change over time. Maybe you need an offset account to reduce daily interest, a redraw facility, or greater repayment flexibility. Refinancing to a more suitable loan structure can improve your cash flow and financial control.
Debt Consolidation
Car loans, personal loans, and credit cards typically carry rates significantly higher than your home loan. Consolidating these into your mortgage can simplify your finances and reduce your total interest burden, with the right structure.
Not sure if refinancing makes sense right now? We'll run the numbers. Free, no obligation.
Book a Free Rate ReviewYour refinance in four steps
Free Rate Review
We review your current loan (rate, features, remaining term, and lender) and compare it against what's available across the market. This costs nothing and takes less than 30 minutes.
Savings Analysis
We calculate your potential savings against refinancing costs, including any fixed rate break costs, discharge fees, and legal fees. You'll see an honest break-even point and the total benefit over the life of your loan. If the numbers don't stack up, we'll tell you.
Lender Match
We identify the best option across 30+ lenders based on your financial profile, property type, and goals, factoring in rate, features, and cashback offers. We present your top options clearly, with no pressure.
Seamless Switch
We prepare the application, coordinate the property valuation, manage all paperwork, and liaise with both your current and new lender through to settlement. You don't have to chase anyone. We handle it all.
Already own in the Eastern Suburbs? We'll benchmark your rate. Refinancing could save you thousands each year.
Talk to ShaneRefinancing costs and break-even
Refinancing isn't free, but for most Eastern Suburbs homeowners, the savings outweigh the costs significantly. The key is running an honest analysis upfront. Common costs include break costs (if exiting a fixed rate), a discharge fee, and legal fees. On a variable rate loan, there is no break fee, though a discharge fee of around $350 applies. We present a full break-even analysis before you commit to anything.
Refinancing FAQs
The clearest signal is your rate. If your loan is more than two years old and you haven't renegotiated, you're likely paying above the current market. A rough guide: if the interest savings within 12 months would cover your refinancing costs, it's worth doing. We'll run the exact numbers: break-even point, total interest saving, and cost of switching, so the decision is straightforward. If refinancing doesn't make sense, we'll tell you that too.
From application to settlement, refinancing typically takes 2–4 weeks. The timeline depends on how quickly your current lender discharges the loan and how promptly property valuations come back. We manage every step (application, valuation, document preparation, and settlement coordination) so you're not chasing anyone. You'll be kept informed throughout, and settlement will occur on a date that suits you.
On a variable rate loan, there is no break fee. Fixed rate loans may involve break costs depending on the remaining term and current rates — we calculate this upfront. Other costs typically include a discharge fee (around $350), legal fees ($0–$300), and a new lender application fee (often waived). Valuation fees are generally waived by the incoming lender. We present a full cost analysis before you proceed, and many lenders offer cashback incentives that offset these costs entirely.
Yes. If your property has grown in value, you've accumulated equity (the difference between what your home is worth and what you owe). Refinancing allows you to access that equity by increasing your loan amount. For example, if your home is worth $1.5M and you owe $700K, you have substantial equity to draw on. Common uses include renovations, an investment property deposit, or consolidating other debts. We'll arrange a valuation, confirm your usable equity, and structure the refinance accordingly.
Refinancing involves a credit check, which creates a hard enquiry on your credit file. A single enquiry typically has a minor, temporary impact (usually just a few points), and the effect fades over the following months. The enquiry remains on your file for five years but becomes less significant over time. The long-term financial benefit of moving to a lower rate typically far outweighs any short-term credit impact.
Yes. Self-employed borrowers are assessed differently, typically using tax returns and financial statements rather than payslips, but refinancing is equally achievable. We work with lenders experienced in self-employed applications and know which offer the most competitive terms and most flexible assessment criteria. We'll advise on documentation upfront to make the process as smooth as possible.
Find out what you could save
Book a free rate review. No obligation. Just an honest look at whether refinancing makes sense for you.