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Review your current mortgage

Refinance Mortgage Broker for Perth Homeowners and Property Investors

Your home loan should continue to support your current circumstances and longer-term plans, not simply remain unchanged because it was suitable when first established.

LnL Finance helps homeowners and property investors across Perth review their existing mortgages and compare suitable refinancing options available through our lender panel.

We consider more than the advertised interest rate. Loan structure, fees, features, equity, remaining loan term, lender requirements and the cost of changing loans all contribute to whether refinancing may be worthwhile.

 
 
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Is Your Current Home Loan Still Suitable?

Your financial circumstances, property goals and lender’s pricing can change after settlement.

A refinance review can help you understand whether your current mortgage continues to suit your needs and whether another option may offer more appropriate pricing, features or structure.

Reasons clients may consider refinancing include:

  • Reviewing an uncompetitive interest rate

  • Adjusting repayments or loan structure

  • Accessing available property equity

  • Refinancing an investment property

  • Changing from an interest-only period

  • Reviewing a fixed rate approaching expiry

  • Adding or changing an offset account

  • Funding an eligible renovation or property-related goal

  • Consolidating eligible debts

  • Separating jointly held property and lending arrangements

  • Preparing to purchase another home or investment property

Refinancing is not automatically the right outcome. Sometimes the current lender may offer improved pricing, or the existing loan may remain suitable after all costs and features are considered.

 

Start With Your Existing Lender

Before recommending a change of lender, it may be appropriate to ask your existing lender to review its pricing.

LnL Finance can approach your lender directly where appropriate and request an interest-rate review. If the lender offers a suitable pricing adjustment, you may be able to improve your position without completing a full refinance.

If the lender does not provide a suitable outcome, we can then consider whether comparing alternative lenders may be worthwhile.

Learn About Regular Rate Reviews
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How the Refinancing Process Works

1. Understand your reason for refinancing

We begin by discussing your existing home loan and what you want to achieve.

Your priorities might include reviewing the rate, restructuring the loan, accessing equity, refinancing an investment debt or preparing for a future property purchase.

2. Review your current loan

We examine relevant information such as:

  • Current loan balance

  • Interest rate

  • Repayment type

  • Remaining loan term

  • Fixed or variable components

  • Offset or redraw arrangements

  • Package and annual fees

  • Discharge or break costs

  • Current property value

  • Available equity

This provides a basis for comparing the existing loan with potential alternatives.

3. Assess your current lender

Where appropriate, we may first approach your current lender and request a pricing review.

Remaining with the existing lender can sometimes avoid some of the paperwork and costs involved in moving a mortgage. However, any offer should still be assessed against suitable alternatives.

4. Compare suitable refinancing options

If a broader comparison is appropriate, we consider suitable options available through our accredited lender panel.

The comparison may include:

  • Interest and comparison rates

  • Upfront and ongoing fees

  • Loan features

  • Offset and redraw facilities

  • Repayment flexibility

  • Lender policy

  • Loan-to-value ratio requirements

  • Potential lender’s mortgage insurance

  • Estimated switching costs

  • The effect of the proposed loan term

Not every lender or home-loan product available in Australia is included in our panel.

5. Explain the costs and trade-offs

A lower interest rate does not necessarily make refinancing worthwhile.

We explain relevant costs and considerations so you can assess the potential benefits against the cost and effort involved in changing loans.

6. Prepare and manage the application

If you decide to proceed, we assist with preparing the application and supporting documents, communicate with the lender and help coordinate the process through to settlement.

Approval remains subject to lender requirements and your individual circumstances.

7. Continue reviewing the loan

Our assistance does not necessarily end at settlement. We maintain contact with clients and conduct regular rate reviews so the loan is not left unattended as lender pricing changes.

 
 

Residential Home Loan Refinancing

A residential refinance review examines whether your owner-occupied home loan continues to suit your current needs.

You may wish to review:

  • Your current rate and repayments

  • Fixed, variable or split-loan structure

  • Offset or redraw facilities

  • The remaining term of the loan

  • Available equity

  • Future home-upgrade plans

  • Renovation funding

  • Eligible debt-consolidation options

  • Whether your repayment structure supports your longer-term goals

Resetting a mortgage to a longer loan term may reduce required repayments but can increase the total interest paid over time. The proposed term should therefore be considered alongside the interest rate and monthly repayment.

Discuss Residential Refinancing
 
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Investment Property Refinancing

Investor lending should be reviewed in the context of the broader property and lending structure.

A review may consider:

  • Interest-only or principal-and-interest repayments

  • The remaining interest-only period

  • Available equity

  • Loan splits

  • Security properties

  • Existing cross-collateralisation

  • Plans to purchase another investment

  • Cash-flow objectives

  • Lender policy and servicing requirements

  • The separation of owner-occupied and investment debt

LnL Finance can assist with lending options, but property investment, ownership structures and debt arrangements may also involve taxation, legal and financial-planning considerations.

Clients should obtain appropriate advice from qualified tax, legal and financial professionals where required.

Request an Investor Loan Review
 

Accessing Property Equity

Equity is the difference between a property’s value and the amount owing against it. However, existing equity does not automatically mean the whole amount can be borrowed.

The usable amount may depend on:

  • The lender’s acceptable property valuation

  • The proposed loan-to-value ratio

  • Your income and expenses

  • Existing financial commitments

  • Credit history

  • Lender servicing requirements

  • The purpose of the additional funds

Equity may potentially be considered for purposes such as an investment-property deposit, eligible renovations or other acceptable lending purposes. Any additional borrowing must remain affordable and meet lender requirements.

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What Does Refinancing Cost?

Potential refinancing costs may include:

  • Existing lender discharge fees

  • Fixed-rate break costs

  • New lender application or establishment fees

  • Property valuation fees

  • Settlement or legal fees

  • Government mortgage registration charges

  • Annual package fees

  • Lender’s mortgage insurance

  • Costs associated with changing linked banking arrangements

Lender’s mortgage insurance may apply when the amount borrowed is high relative to the property value, and paying it again can outweigh the benefit of switching. also recommends checking discharge costs, application fees, fixed-loan break fees and whether a longer new loan term could increase total interest.

Any cashback or promotional offer should be considered as one part of the total comparison, not as the sole reason for choosing a loan.

 
 

When Refinancing May Not Be Suitable

Refinancing may not be appropriate when:

  • Switching costs outweigh the expected benefit

  • A fixed-rate break cost is substantial

  • The loan balance is relatively small

  • The property has insufficient usable equity

  • Lender’s mortgage insurance would materially increase the cost

  • Current income does not meet alternative lender requirements

  • The proposed loan lacks important features

  • The loan term would be extended unnecessarily

  • The property may be sold soon

  • The present lender provides an acceptable revised offer

The purpose of the review is to assess the available information, not to assume that changing lenders is always preferable.

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Why Choose LnL Finance?

Review before recommending change

We consider your current lender’s position before determining whether a broader refinancing comparison may be appropriate.

Residential and investor experience

We assist homeowners and property investors with rate reviews, loan restructuring and refinancing scenarios.

More than the headline rate

We consider relevant fees, features, loan structure, policy and longer-term implications rather than comparing interest rates in isolation.

Clear communication

We explain the available options, relevant trade-offs and application requirements in plain English.

Ongoing rate reviews

After settlement, we regularly review our existing clients’ home-loan rates and approach lenders directly where appropriate.

Perth and Western Australia support

LnL Finance is based in Joondalup and supports clients across Perth, Greater Perth and Western Australia.

 
 

Frequently Asked Questions

  • Refinancing generally involves replacing or restructuring an existing home loan. This may involve moving to another lender or changing the loan arrangement with the current lender.

  • Often, yes. A pricing request to the existing lender may help determine whether an improved rate is available without completing a full refinance. Any revised offer should still be considered alongside suitable alternatives and the client’s objectives.

  • No. The potential interest difference should be assessed against switching costs, loan features, the proposed loan term and your circumstances. A lower advertised rate may not provide a better overall outcome.

  • A lower interest rate or different loan structure may reduce the required repayment, but this depends on the loan balance, term, rate, fees and repayment type. Extending the loan term may lower repayments while increasing total interest over time.

  • Requirements vary between lenders and applications. Borrowing above certain loan-to-value ratios may result in lender’s mortgage insurance or affect available options. A property valuation and full assessment are generally required.

  • Yes, subject to lender requirements and your financial circumstances. The review may include the repayment type, equity, loan structure, lender policy and future investment plans.

  • Potentially. The amount available depends on the property valuation, existing debt, proposed loan-to-value ratio, borrowing capacity, loan purpose and lender requirements.

  • In some circumstances, eligible debts may be consolidated as part of a home-loan refinance. However, transferring shorter-term debts into a longer mortgage term can increase total interest and place the property at risk if repayments cannot be maintained. The costs and implications should be carefully assessed.

  • Timeframes vary depending on the lenders involved, the complexity of the application, valuation requirements, document availability and settlement processing. We will explain the expected process based on your circumstances.

  • A formal credit application may result in a credit enquiry. We will discuss the proposed application process before submission.

  • No. We compare suitable options available through our accredited lender panel. Not every lender or product in Australia is necessarily included.

  • No. The outcome depends on the existing loan, available alternatives, fees, loan term and individual circumstances. Refinancing may not be appropriate in every situation.

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Is It Time to Review Your Home Loan?

If your mortgage has not been reviewed recently, your rate has changed or your property plans have moved on, speak with LnL Finance.

We will review your current position, approach your existing lender where appropriate and explain whether a broader refinance comparison may be worthwhile.

Request a Home Loan Review
Call (08) 6558 1898

LnL Finance
96 Reid Promenade, Joondalup WA 6027
(08) 6558 1898
info@lnlfinance.com.au

Compliance

Lending eligibility, rates, fees and approval are subject to lender criteria and individual circumstances. Refinancing may involve fees and other costs, and a lower interest rate does not necessarily mean a loan is more suitable. Your full financial situation and requirements should be considered before proceeding.