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Find a BrokerRefinance Your
Home Loan with a
YBR Broker
When did you last check your rate? Lenders often save their sharpest deals for new customers. Our brokers compare your loan against our panel of 50+ lenders and handle the switch for you.
- \Panel of 50+ lenders
- \We handle the switch
- \Local brokers Australia-wide
Refinance Campaign - Leads Contact Form
Paying too much? Speak with a refinance expert today
WHY REFINANCE?
Lower rate, better features or access to equity
COMPARE LOANS
From our panel of 50+ lenders
WE DO THE WORK
Paperwork, lender and settlement handled for you
LOCAL BROKERS
Face to face or over the phone, Australia-wide
YOUR OPTIONS
Why Australians refinance
Refinancing isn’t only about a lower rate. Choose what you want to achieve and your broker will find lenders that fit.
Lower your rate
Paying more than new customers? A sharper rate could cut your repayments.
Access your equity
Use the value you’ve built to renovate, invest or plan ahead.
Consolidate debts
Roll credit cards and personal loans into one lower-rate loan.
Fixed rate ending
Avoiding rolling onto a higher variable rate. Review your options early.
THE SHORT VERSION
What is refinancing a home loan?
QUICK ANSWER
Refinancing means replacing your current home loan with a new one, either with a new lender or a better deal from your existing lender. People refinance to get a lower rate, change loan features, access equity or combine debts. A broker compares your options and manages the switch.
When does refinancing make sense?
- EYour rate is higher than what new customers are offered
- EYour fixed rate is about to end
- EYou want features like an offset account or redraw
- EYour property has grown in value and you have equity
- EYour income or plans have changed
What to check before you switch
- EHow your rate compares to what new customers are offered
- EWhen your fixed rate ends, and any break costs
- EFees to leave your current loan and set up the new one
- EIf you're borrowing over 80% of the property's value
- EThe features you want, like an offset account or redraw
YBR’s brokers help you check all of this so you can find the right loan.
STEP BY STEP
How refinancing works, step by step
01
Review your loan
We look at your rate, fees, features and goals.
02
Compare options
We compare lenders from our panel and check the costs of switching.
03
Apply
We prepare and lodge your application.
04
Approval
The new lender values your property and approves the loan.
05
Settlement
Your new lender pays out the old loan. You start saving.
GET READY
What you’ll need to refinance
- EPhoto ID such as a driver 's licence or passport
- EYour last six months of home loan statements
- EA summary of your living expenses
- ETwo recent payslips, or tax returns if you're self-employed
- EStatements for credit cards and other debts
- EA recent council rates notice for the property
WHY YELLOW BRICK ROAD
Why go with us?
01
We search, compare & negotiate
We research the market and compare rates from our panel of 50+ lenders.
02
We do the heavy lifting
We keep the application process simple, managing the paperwork from application right through to settlement.
03
You choose the right loan
We present the options and the facts, so you can pick the home loan that fits your goals.
CALCULATORS
See how much you could save
Unsure if your existing loan is passing on the entire benefit to you? Calculate now!
Your Savings
OVER THE LIFE OF YOUR LOAN
Book a free consultation today
Estimated savings based upon YBR’s equivalent product for the same product over the same tenure.
Repayments calculator
What I can borrow?
Extra repayments
Stamp duty calculator
CLIENT STORIES
What our clients have to say
Excellent service and attention to detail. We would highly recommend YBR and are extremely grateful for the support we receive from Struan and Jess.
Dale Wylie
Self-Employed
I’ve dealt with Andrew and his team at Yellow Brick Road Rosanna on many occasions and he is excellent to work with. Very professional. A top result for our home loan.
Matt Hodgson
Self-Employed
Andrew has given us great service every time we have used Yellow Brick Road at Northlakes to refinance our home loans. Andrew is very approachable, honest and knowledgable.
Melissa Luhrman
Self-employed
FAQS
Refinance home loan FAQs
How often should I review my home loan?
At least once a year, and whenever your fixed rate is ending or your circumstances change. Lenders often offer sharper rates to new customers than existing ones, so a review shows whether you’re paying more than you need to.
What’s the best refinance rate?
The best refinance rate depends on your loan size, deposit or equity, income and the features you need, so there’s no single rate that suits everyone. Rates also change often. A YBR broker compares refinance options from our panel of 50+ lenders to find a competitive rate that fits your situation.
Is refinancing worth it?
It depends on the rate difference, the costs of switching and how long you plan to keep the loan. Your broker compares the savings against the costs, so you can decide with the full picture.
Does refinancing affect my credit score?
A new application adds an enquiry to your credit file, which can have a small, short-term effect. A broker narrows down suitable lenders before you apply, so you avoid multiple applications.
Can I refinance if I'm on a fixed rate?
Yes, but you may pay break costs if you leave before the fixed term ends. These can be significant, so your broker will check them with your lender before you decide.
Will I pay LMI again if I refinance?
Possibly, if you borrow more than 80% of your property’s value with the new lender. LMI doesn’t transfer between lenders, so your broker will factor it into whether refinancing is worth it.
How long does refinancing take?
Usually a few weeks from application to settlement, depending on the lender, the valuation and how quickly your documents come through. Your broker manages the process and keeps you updated.
Can I refinance to access equity?
Yes. If your property has grown in value, you may be able to borrow against that equity to renovate, invest or consolidate debts. The lender will assess your income and expenses for the higher loan amount.
Should I ask my current lender for a better rate first?
It’s worth asking. Your broker can show you what other lenders on our panel offer, which gives you a clear benchmark whether you switch or stay.
GUIDES AND TOOLS
Learn more before you talk to a broker
The Serviceability Buffer, and What It Means When You Refinance
The buffer has always been part of the lending process, but it carries more weight in the current environment.
Refinancing to Access Your Equity: What You Can Actually Use It For
Refinancing means replacing your current home loan with a new one, sometimes with a different lender or different terms.
Home Loan Features Explained: Offset vs Redraw and What You Need
Refinancing is the natural moment to pick up the features your current loan lacks, as long as those home loan features are going to be utilised or beneficial to you.
Refinancing should
feel simple.
We’re here to help
Refinance Campaign - Leads Contact Form
Paying too much? Speak with a refinance expert today
