Refinance Mortgage Broker Australia
WRA Mortgage Brokers helps borrowers across Australia refinance to a sharper rate, better features, or to release equity and consolidate debt — including self-employed, company and trust borrowers. We model the real savings against the switching costs before you move.
Frequently Asked Questions
What is refinancing and how does it work?
Refinancing replaces your existing home loan with a new one — often with a different lender — to get a sharper rate, better features, or to access equity. The new lender pays out your old loan and you continue repayments under the new terms. WRA compares your current loan against 50+ lenders to find genuine savings.
How much can I save by refinancing?
It depends on your loan size and the rate difference, but even a 0.25–0.50% rate reduction on a typical loan can save hundreds of dollars a month and tens of thousands over the loan term. WRA models the break-even against any switching costs so you can see the real benefit before deciding.
Can I refinance to consolidate debts?
Yes. Refinancing can roll higher-interest debts (personal loans, credit cards, car finance, ATO debt) into your lower-rate home loan, reducing your monthly commitments. This increases your total loan and may extend the term, so WRA shows the trade-offs clearly.
Can I release equity when refinancing?
Yes. A refinance can release equity for renovation, investment, a deposit on another property, or to pay down ATO debt. Lenders cap cash-out (commonly up to 80% LVR for owner-occupied, sometimes higher) and may require evidence of the funds' purpose.
Can I refinance if I'm self-employed?
Yes. Self-employed borrowers can refinance using the same income policies as a purchase — one-year financials, low-doc or full-doc. Refinancing is often a good time to move to a lender whose self-employed policy suits you better.
Can I refinance with a company or trust borrower?
Yes. Company and trust borrowers can refinance, provided the new lender supports the structure. WRA confirms the target lender's entity policy and restructures the borrowing where it improves the outcome.
What does refinancing cost?
Typical costs can include discharge fees from your current lender, government registration fees, and sometimes application or valuation fees from the new lender. Many lenders offer refinancing incentives or fee waivers. WRA tallies these against the rate saving so you know the net benefit.
How long does refinancing take?
Most refinances settle within 2–4 weeks, depending on the lender, valuation turnaround and your documentation. WRA manages the process end-to-end so your existing loan isn't disrupted.
Information on this page is general in nature. Lender policies, eligibility criteria, rates and lending limits can change. WRA will confirm applicable lender requirements based on your individual circumstances before making any recommendation.
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WRA Mortgage Brokers — operated by We Are Available Pty Ltd. Based in Melbourne, servicing clients across Australia.