Refinance · Perth

Refinance Your Home Loan in Perth.

Refinancing your Perth home loan can mean a lower rate, lower repayments or unlocked equity, but only when the saving beats the switching costs. We run a free rate health check, work out your break-even, and tell you honestly whether switching is worth it. We watch your rate so you don't have to.

Get a free rate health check Call (08) 9201 8570

$1.2B+ settled
280+ 5.0★
since 2015
Osborne Park

5.0 · 280+ Google reviews

ACL 497 950 MFAA Member 30+ lenders compared

Local expertise

An honest second opinion on your Perth loan.

Many Perth homeowners are paying more than they need to because their lender quietly nudged the rate up after settlement. We see it constantly across Mt Lawley, Subiaco and the western suburbs, where loans taken out years ago now sit well above the market. A free rate health check tells you in plain numbers whether that is you.

Our refinancing work is led by director Harj Dhillon, who has more than 10 years as a finance broker and over $500 million settled. He will not talk you into a switch that does not stack up. If staying put is the better call once costs are in, he will tell you that and put a reminder on your file to review again later.

Because we compare more than 30 lenders, refinancing through us is about more than chasing a headline rate. We look at fees, features like offset and redraw, and whether the new structure actually fits your plans, whether that is paying the loan off faster or freeing up equity for the next move.

The basics

What does refinancing a home loan mean?

Refinancing means replacing your current home loan with a new one, usually with a different lender, to get a lower rate, better features, or to release equity. The new loan pays out the old one, and you keep the same property. Done well, it lowers your repayments or shortens your loan term.

Who does refinancing suit?

Refinancing suits homeowners whose rate has crept above the market, anyone wanting to consolidate debt or access equity, and borrowers who have outgrown their current loan's features. If you have not reviewed your rate in two years, a free health check is almost always worth it.

What are the steps to refinance?

We run a free rate health check against 30-plus lenders.
We calculate your break-even after discharge and setup costs.
If it stacks up, we prepare and lodge the application to the right lender.
We coordinate the discharge of your old loan and settle the new one.

Run the numbers

How much could refinancing save you?

See your monthly saving, break-even point and lifetime saving in seconds, then book a free chat to confirm with a real rate.

Refinance

Refinance savings calculator

Compare your current and new rate to see your monthly saving, break-even and lifetime saving after costs.

Calculate → Repayments

Repayment calculator

See your indicative repayments and total interest on the new loan.

Calculate → Offset

Offset calculator

See how an offset account could cut your interest and shorten your loan when you switch.

Calculate →

Stay or switch?

Is refinancing worth the switching cost?

The honest answer is in the break-even. Here is how the maths typically works on a Perth refinance.

How break-even works on a refinance (worked example)
Factor	What it means	Example
Monthly saving	Lower rate × your loan balance, as a repayment cut	About $250/month [example]
Switching costs	Discharge fee on old loan plus new lender setup fees	About $800 [TBC actual fees]
Break-even	Switching costs divided by monthly saving	About 4 months [example]
Worth switching?	Yes if you will keep the loan well past break-even	Yes, in this example

Figures are an illustrative example only and not a quote. Your saving, costs and break-even depend on your loan and the lender. We confirm exact numbers in your free rate health check.

Straight answer

Does it cost anything to refinance with a broker?

Most clients pay Central Lending Solutions no fee to refinance. The new lender pays the broker a commission when your loan settles. We are bound by the Best Interests Duty, in force since 1 January 2021, which legally requires us to act in your interest, not the lender's.

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Common questions

Perth refinancing FAQs.

When is it worth refinancing a home loan in Perth?

Refinancing is worth it when the saving from a lower rate outweighs the switching costs within a reasonable break-even period. We run a free rate health check, work out your break-even after discharge and new lender fees, and tell you honestly whether switching helps. If it does not, we say so.

Does it cost anything to refinance with a broker?

Most clients pay Central Lending Solutions no fee to refinance. The new lender pays the broker a commission on settlement. There can be lender costs such as a discharge fee on your current loan and setup fees on the new one, which we factor into your break-even before you decide.

How long does refinancing take?

A refinance commonly settles within a few weeks once your documents are in, though it varies by lender and your situation. We prepare the application carefully, chase the lender, and coordinate the discharge of your existing loan so the switch is smooth and you are kept informed throughout.

Can I refinance to access equity in my Perth home?

Yes. If your Perth property has grown in value, you may be able to refinance and release equity for renovations, an investment deposit, or to consolidate debt. We compare lenders, structure it sensibly, and make sure the new loan still suits your goals, not just your short-term need.

Will refinancing hurt my credit score?

Each refinance application creates a credit enquiry, so applying to many lenders at once can affect your score. We compare the market first and apply to the right lender once, which protects your credit profile. We only proceed when the numbers clearly work in your favour.

What is a rate health check?

A rate health check is a free review of your current home loan rate against what 30-plus lenders offer today. We tell you whether you are paying too much, what a switch could save, and the break-even point. We watch your rate over time so you do not have to.

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