Steve does the legwork. It starts with a 15-minute call.
Steve compares your loan against 60+ lenders, gets the payout figure from your current lender, prepares the discharge paperwork and handles both lenders through to settlement. Nothing to prepare before the call. Steve explains what he needs from you, then manages the comparison and application.
Over 8 years in finance, known for his patience and for making an overwhelming process feel manageable.
Steve has been an incredible help to navigate decisions about refinancing. I couldn't recommend him highly enough.ADAM, GOOGLE REVIEW
Most people put refinancing off because of the paperwork, not the decision.
The admin is ours. The decision is yours.
- Compare your loan against 60+ lenders - rate, fees, offset features and how each lender treats your income.
- Get the payout figure and any break cost from your current lender, so the comparison is complete before you decide.
- Prepare the discharge paperwork and the new application, and manage the valuation.
- Deal with both lenders through to settlement, so you are not chasing anyone.
- Put the comparison in writing before you decide anything.
When refinancing doesn't make sense
- You're on a fixed rate with break costs that outweigh the saving over your remaining fixed period.
- You're selling in the next 12 months and won't recoup switching costs before settlement.
- Your equity has dropped below 20% and LMI on the new loan erases the rate benefit.
- Your income has changed significantly and serviceability with a new lender may be an issue.
If any of these apply, we tell you upfront. If staying with your bank is the right answer, that is what we will tell you.
From a 15-minute chat to settlement in 4 to 6 weeks
A 15-minute chat
We look at your current loan, exit costs and equity, and explain what we need from you to work out whether moving is worth it after every cost.
Lender panel comparison
60+ lenders: rate, cashback, offset features and how each lender treats your income type.
Written recommendation
Your loan against the best alternative side by side: monthly saving, break-even point, every switching cost.
Application to settlement
We lodge, manage the valuation and coordinate both lenders. Most clients have little to do after signing.
What we check before recommending anything
- Discharge and application fees, in the net saving
- Cashback offers of $2,000 to $4,000
- Offset features that can beat a lower rate
- Lender policy for your income type
- Serviceability with the new lender
- Break costs on a fixed rate
- Equity and LVR, and whether LMI applies
What clients say
The questions people ask us
"My rate is already pretty good."
It may well be. The only way to know is to compare, and we do that in full at no cost to you, with no obligation to proceed. If your rate is genuinely competitive, we will tell you and you stay put.
"Refinancing sounds like too much hassle."
The paperwork is essentially the same as your original application. Once you provide your documents, we manage everything. Most clients spend less than two hours on the whole process.
"I'm worried about break costs on my fixed rate."
Break costs can be significant or minimal depending on current wholesale rates. We get the actual figure from your lender before recommending anything.
"I don't think I'll qualify with a new lender."
Serviceability criteria vary a lot between lenders. We match your profile to a lender whose policy fits before anything is lodged.
"I'll just call my bank and ask for a rate reduction."
You can, and it is worth doing. Your bank will usually move further once it knows you have a real alternative, which is what a comparison across 60+ lenders gives you.
What does refinancing actually cost?
Typical refinancing costs include a discharge fee from your current lender ($200 to $500), a potential application fee from the new lender ($0 to $600) and sometimes a valuation fee. If you are on a fixed rate, a break cost may apply. Lendology calculates all of these upfront so you see the true net saving.
How long does refinancing take?
A standard refinance typically takes 4 to 6 weeks from application to settlement. Lendology manages the entire process - gathering documents, lodging the application, liaising with both lenders and coordinating settlement.
Will refinancing affect my credit score?
A single refinance application will result in one credit enquiry which has a minor temporary impact. Lendology identifies your best option before lodging so you are not making multiple applications across different lenders.
Can I refinance with less than 20% equity?
Yes, but you may need to pay LMI again or find a lender that waives it for refinancers. We factor LMI into the true net saving.
Is a cashback refinance worth it?
Some lenders offer $2,000 to $4,000 to refinancers. Sometimes a slightly higher rate with cashback beats a lower rate without it, depending on how long you hold the loan. We work that out for you.
Do your own homework
Start with a 15-minute chat, then decide.
We compare your loan against 60+ lenders and give you an honest answer, including every cost, with no obligation to proceed.
No fee from us. The lender pays us when your loan settles.