Refinance Your
Home Loan
A free health check across 25+ lenders tells you in 24 hours whether you're overpaying — and by how much.
~$1,900
Average yearly saving when switching
PEXA refinancer research
Is this you?
You haven't reviewed your rate in two or more years.
Your fixed term is ending and you don't want the default 'revert rate'.
You want to unlock equity for renovations or your next property.
Your repayments jumped and you need genuine relief, not a Band-Aid.
Sound familiar? A free 15-minute chat is the fastest way to see your options — book one here.
How TAG helps you refinance
A clear number in 24 hours
Send us your loan statement, we compare it against 25+ lenders and tell you exactly what switching would save — or that your rate is already sharp. Either answer is free.
We call out the traps
Cashback offers that cost more than they give, break costs on fixed loans, restarting your loan term — we model the true total cost before you move.
The bank does the paperwork sweat, not you
We manage the discharge, the new application and settlement. Most refinances need about an hour of your time in total.
Sometimes you don't even need to switch
Often we get your existing lender to drop your rate just by asking with evidence. No new loan, same saving.
If you have not reviewed your home loan in the past two years, there is a high probability you are paying more than you need to. Banks reserve their best rates for new customers while quietly maintaining higher rates for existing borrowers — this back-book premium typically costs Perth homeowners 0.3–0.8% more than current market rates. TAG Finance's free health check compares your current loan against 25+ lenders and provides a clear savings estimate within 24 hours. Our average client saves $2,500–$3,000 per year. Select lenders may offer cashback incentives — ask your broker for current offers.
Types Available
Rate Reduction Refinance
Move to a lower rate with the same or better loan features. Saves money immediately from settlement.
Cash-Out Refinance
Access the equity built up in your home for renovations, investment deposit, or other purposes.
Debt Consolidation
Roll credit cards and personal loans into your mortgage at a much lower interest rate. Simplifies repayments.
Fixed-to-Variable
Rolling off an expired fixed rate to a competitive variable rate — ideally through a refinance, not your lender's revert rate.
The refinance health check
Send
Your latest loan statement — that's all we need to start.
Compare
We benchmark your rate against 25+ lenders within 24 hours.
Decide
Clear numbers: keep, renegotiate, or switch. Your call, no pressure.
Switch
If it's worth it, we handle everything. Most switches settle in 2–4 weeks.
Run your numbers
Indicative variable rates as at 19/07/2026: 5.80%–6.20%.
Estimated Saving
$2,896/yr
- Current repayment
- $3,748/mo
- New repayment
- $3,507/mo
- Monthly saving
- $241
Estimate only — not a formal assessment or loan offer. Results use simplified assumptions; your actual position depends on your full circumstances. Speak to a TAG broker for a free, personalised assessment.
What should you check before refinancing?
The loyalty tax is real: lenders routinely charge existing customers 0.3–0.8% more than new customers get for the same loan. On a $600,000 balance, 0.5% is about $3,000 a year.
Break costs apply if you exit a fixed-rate loan early — sometimes small, sometimes thousands. We always get the exact figure from your lender before recommending a move.
Cashback offers (a lender paying you $2,000–$4,000 to switch) can be genuine value or a distraction from a higher rate. The test is total cost over the next 3–5 years, which is exactly what our comparison shows.
Proof, not promises
Australians who switched lenders saved an average of about $1,900 a year (PEXA).
“Five-star service from all involved, what a team! Special thanks to Glen, Rebecca, Alice and Caitlin who were all up to date with my multiple refinance and new loan.”
“Faultless from start to finish... Communication was clear and timely, and everything felt seamless and well-managed at every stage.”
Common Questions
How much can I save by refinancing?
Australians who switch lenders save an average of around $1,900 a year according to PEXA — and more if you've been with the same lender for years. Your actual saving depends on your balance and current rate; our free health check gives you the exact number within 24 hours.
When is refinancing worth it?
As a rule of thumb: if your rate is 0.3% or more above what new customers are offered, or you haven't reviewed it in two years, checking is worth it. The health check is free either way — sometimes the answer is 'your rate is fine', and that's worth knowing too.
Does refinancing hurt my credit score?
A single refinance application has a small, short-lived effect. What hurts scores is many applications in quick succession — which is exactly what we prevent, by checking your scenario against lender policies first and applying once, to the right lender.
What does refinancing cost?
Typically $300–$700 in discharge and government fees, occasionally more if you're breaking a fixed rate. Many lenders offer cashbacks that more than cover it. We put every cost in the comparison, so the savings number you see is the honest, after-costs one.
Can I get cash out of my equity when I refinance?
Usually, yes — if your home has grown in value, you can often borrow against the equity for renovations, a car, or an investment deposit. Lenders generally let you borrow up to 80% of the home's current value without LMI. We'll show you the safe amount.
My fixed rate is ending — what should I do?
Don't let it roll onto the lender's revert rate, which is almost always higher than what you could get. Start comparing 6–8 weeks before the fixed term ends; we line up the next loan so it starts the day your fixed rate stops.
Get your free health check
One statement, 24 hours, a clear answer. No obligation to switch.
The information on this page is general in nature and doesn’t take into account your objectives, financial situation or needs. Consider whether it’s appropriate for your circumstances before acting on it. TAG Financial Group — Transact Holdings 1 Pty. Ltd., Australian Credit Licence 405647. Our Credit Guide explains how we’re paid and how we work for you.