Refinancing | Initio Finance

Initio Finance broker reviewing a refinancing strategy with a client

Let's make sure your home loan is still working for you, not the bank.

If it's been a couple of years since your loan was last reviewed, there's a decent chance it's no longer the best option available. Rates move, circumstances change, and banks don't reward customer loyalty the way they should.

We review exactly what you're paying, the rate, the fees, and the structure, and compare it honestly against what's available across a panel of 30+ lenders.

If refinancing genuinely puts you ahead, we handle the process end to end, ensuring a seamless and stress free experience.

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How We Help

Loan Health Check

We look at exactly what you're paying versus what you could be paying, factoring in break costs, discharge fees, and any cashback offers that might change the numbers.

Rate and Structure Audit

A better rate is only part of the picture - we review whether your current structure, fixed, variable, offset, or split, still makes sense for where you're at now, not where you were when the loan was first written.

Accessing Equity

If you're refinancing to fund a renovation or an investment purchase, we calculate how much equity you can realistically release to fund your goals.

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Loan Repayment Calculator

See what your monthly repayments could look like based on your loan amount, interest rate and loan term.

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Borrowing Capacity Calculator

Find out how much you may be able to borrow based on your income, expenses and current financial situation.

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Frequently Asked

Read through our FAQ’s for added information. Have other questions? Contact our team today.

What happens to my existing mortgage when I refinance?

Your new lender pays out the old loan directly at settlement, and your new loan and repayments begin from that point. We coordinate the whole handover.

Can I refinance if my property value has dropped?

It's possible, though your loan to value ratio will affect your options and whether LMI applies. We check your current equity position before recommending anything.

How long does refinancing take?

Typically a few weeks from application to settlement, depending on the lender and how quickly documents are provided. We keep things moving and keep you updated throughout.

What documents do I need to refinance?

Recent payslips or tax returns, bank statements, ID, and details of your current loan. We give you a clear checklist upfront so nothing holds up the application.

Will refinancing affect my credit score?

Applying for a new loan involves a credit check, which can have a small, temporary impact. We help you apply to the right lender the first time to avoid unnecessary multiple applications.

How much can I save by refinancing?

Savings depend on your current rate, loan balance, and how the new loan is structured. We run the full comparison, including fees and any break costs, so you see the real net benefit before deciding.