Refinance Home Loans

You could save thousands by refinancing your home loan. Many banks and online home loan lender's most competitive rates are available for refinancing. Check out the table below for some of the current refinance deals on the market.

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What does LVR mean?

LVR is short for loan to value ratio. This is the amount of money you can borrow, relative to the value your property. Most home loans that are available for refinancing will require you to have a LVR of 80% or below.

Is refinancing my home loan worth it?

It is always a good idea to review your home loan every few years to make sure you're still getting the best deal. The home loans market has become very competitive in the past few years and by switching loans and refinancing you could save as much as $35,000 or more. Try our Switch & Save Calculator to see how much you could save?

Refinance home loan comparisons on Mozo - rates updated daily

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

**Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

Want more? Compare all 509 home loans in the Mozo comparison engine.

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Switch & Save Calculator

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Refinance your home loan to the perfect fit

Your home loan is a long term financial commitment which can span anywhere from 25 to 30 years. But that doesn’t mean you’re stuck with the same deal that whole time! Refinancing your home loan is the perfect way to score an offer that will save you money and suit your current budget better.

We’ve answered some of the most frequently asked home loan refinance questions below, to help get you started on the path to switching.

Why would I refinance my home loan?

How much could I save by refinancing my home loan?

Is there any reason why I wouldn’t refinance?

How long does it take to refinance my home loan?

What features should I look for when I refinance?

What fees should I watch out for when I refinance my home loan?

Ok, I’m ready to refinance. Where do I start?

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Home Loan Reviews

Westpac
Westpac home loan review
Overall
7/10
Great customer service and assistance

I have always assisted with interest rates as I have multiple loans that have been close to best...

I have always assisted with interest rates as I have multiple loans that have been close to best market rates plus recently had a fraud issue and was very impressed with the way it was handled.

Price
6/10
Features
-1/10
Customer service
-1/10
Convenience
-1/10
Trust
-1/10

David | New South Wales

reviewed about 1 month ago

St.George
St.George home loan review
Overall
2/10
Customer service is not their strong point

Being self employed we don't have much choice when it comes to who we can bank with. We would...

Being self employed we don't have much choice when it comes to who we can bank with. We would move to another bank if it were possible.

Price
5/10
Features
4/10
Customer service
1/10
Convenience
5/10
Trust
3/10

Marcia | Western Australia

reviewed about 1 month ago

St.George
St.George home loan review
Overall
2/10
Customer service is not their strong point

Being self employed we don't have much choice when it comes to who we can bank with. We would...

Being self employed we don't have much choice when it comes to who we can bank with. We would move to another bank if it were possible.

Price
5/10
Features
4/10
Customer service
1/10
Convenience
5/10
Trust
3/10

Marcia | Western Australia

reviewed about 1 month ago

Mortgage calculators

  • Switch and Save

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  • Repayments calculator

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  • Rate change calculator

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  • Comparison calculator

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  • Extra repayments calculator

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  • Borrowing calculator

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