Review the reason for refinancing
Common reasons include reducing costs, improving features, restructuring debt or accessing equity.
ClearWay Finance Guide
Refinancing Guide
A practical introduction to common lending considerations.
Compare the total cost
Consider discharge fees, application costs, cashback conditions and the effect of extending the loan term.
Review features and flexibility
Offset, redraw, fixed-rate restrictions and future repayment flexibility matter.
Consider the longer-term structure
Refinancing should support broader goals, not simply solve a short-term issue.