03 Existing loans
Refinancing and switching lenders
A proper look at the loan you already have, and an honest answer about whether moving it is worth the trouble.
We compare what your current lender is doing for you against what the rest of the panel would do, including the parts people forget: the discharge and establishment costs, whether the new loan quietly resets your term back to thirty years, and whether an offset actually suits the way you hold your money. Sometimes the right advice is to stay where you are and ask your lender for a review, and we will say so in writing.
What is included
- Review of your current loan structure, term and features
- Costed comparison of switching, discharge and set-up fees included
- Offset, redraw and split structures explained in plain language
- Full application management if you decide to move
No fee to you
No fee for the review itself, whether or not you end up switching. If you do switch, the incoming lender pays us and you see that figure beforehand.
Book a loan reviewor call (02) 5550 0020
02How it runs
5 steps, in this order
Typical first appointment: 45-60 min review. You are told which step we are on, without having to ask.
- 01 Send us your most recent loan statements
- 02 We map your current structure and what it costs you in flexibility
- 03 Compare the panel, including the cost of the switch itself
- 04 Recommend staying or moving, in writing, with the reasoning
- 05 If you move, we manage the discharge and the new application
03Asked often
Before you ring
If your question is not here, it is probably on the FAQ page, and if it is not there either, ring and ask.
Is it worth refinancing?
Sometimes not. If the balance is small, the loan is close to paid off, or you are planning to sell within the year, the switching costs can outweigh what you gain. We would rather tell you to stay put than write a loan that does not help you.
Will refinancing reset my loan back to thirty years?
It will if you let it, and that is the quiet cost most comparisons ignore. You can usually keep your remaining term, and we set it up that way unless you have a reason to do otherwise.
How long does a refinance take?
Most run three to six weeks from application to settlement of the new loan. The variable is how quickly the outgoing lender releases the discharge, which is the one part nobody controls.
What people usually pair this with
10The first chat
Start with the first chat
Sixty to ninety minutes, at your table or ours, evenings available. Nothing to pay and nothing committed. Long enough for us to tell you what is actually possible and whether we are the right fit.
What to bring
- Recent pay slips, for both of you if you are buying together
- Three months of bank and credit card statements
- Photo identification
- A rough idea of what you already owe
- Two years of financials and tax returns, if you are self-employed
Or skip the form
(02) 5550 0020- Mon to Wed 8:30am to 5:30pm
- Thu 8:30am to 7:00pm
- Fri 8:30am to 4:00pm
- Sat 9:00am to 12:00pm, by appointment
- Sun Closed
Evening and weekend appointments are normal in this trade. Leave a message on the office line or text Marty on 0491 570 156 and you will hear back the same day.
Thanks, that is everything we need
Demonstration only. Nothing was sent and nothing was stored. On a live site this would reach hello@junctionhomeloans.com.au and a booking would be confirmed by phone.