Is your mortgage costing you too much?
Whether you're looking for a better interest rate, lower repayments or access to equity, Aurevia helps you explore your refinancing options and decide whether switching makes financial sense.
How we help you refinance.
Reviewing your interest rate
If you haven't reviewed your home loan in a while, you could be paying more interest than necessary. We'll compare suitable options from our panel of lenders and help you understand whether a better rate is available.
Reducing your repayments
If your monthly repayments are putting pressure on your budget, we'll help you explore options that could make them more manageable, while explaining how changes to your loan term or structure may affect the total cost.
Accessing your equity
If you've built up equity in your property, refinancing may allow you to access funds for renovations, investment or other plans. We'll help you understand what's possible and the financial implications of borrowing more.
Meet your partner in finance, RK.
Your home loan is a significant financial commitment, and deciding whether to refinance deserves careful consideration.
RK takes the time to understand your circumstances, review your existing loan and explain whether switching could put you in a better financial position.
From comparing suitable lending options to managing your application and guiding you through settlement, you'll work directly with RK throughout the process.
RK is available 7am to 7pm, 7 days a week.
Talk to RK directly on 0412 517 237
What matters when refinancing.
The total cost of switching
A lower interest rate doesn't automatically mean refinancing will save you money. Discharge fees, application costs, break fees and other charges can affect whether switching is worthwhile.
Your loan term and repayments
Refinancing can change your repayment amount and the time it takes to pay off your mortgage. Extending your loan term may reduce monthly repayments but increase the interest you pay over time.
Your current and future needs
Your existing loan may no longer suit your circumstances. Whether you need an offset account, different repayment features or greater borrowing flexibility, it's worth considering how a new loan will support your plans.
Let's talk about refinancing.
Whether you're considering refinancing, wondering if your interest rate is competitive or looking to access equity, RK can help you review your options and understand whether making a change is worthwhile.
Frequently Asked Questions.
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Refinancing involves replacing your existing home loan with a new loan, either through your current lender or a different lender. People commonly refinance to seek a more competitive interest rate, change loan features, adjust repayments or access equity in their property.
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It depends on your current interest rate, loan balance, remaining term, fees and what you want to achieve. A lower rate may offer savings, but you'll also need to consider switching costs and any changes to your loan structure. We can help you compare the overall costs and benefits.
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There may be costs involved, including mortgage discharge fees, government registration charges, application fees or valuation costs. Fixed-rate loans may also have break costs if you refinance before the fixed term ends. We'll help you understand any applicable charges before you decide to proceed.
Aurevia doesn't charge you for its mortgage broking service. We're paid by the lender when your loan settles.
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Potentially. If your property's value has increased or you've reduced your mortgage balance, you may have equity available. Your ability to borrow more will depend on your income, expenses, existing commitments, property valuation and the lender's requirements.
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Applying for a new home loan generally involves a credit enquiry, which may affect your credit score. The impact depends on your credit history and circumstances. We'll help you understand the application process before proceeding.
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Timeframes vary depending on the lender, your financial circumstances, the documentation required and the discharge process for your existing mortgage. RK will explain the steps involved and keep you informed throughout your application.