Refinancing can unlock savings, lower your rate, or tailor your loan. Here’s when it makes sense and how to do it smartly in 2025.
Why Refinancing is Trending in 2025
Refinance activity has surged—65,030 home loans were refinanced in early 2025 ([SBS News](https://www.sbs.com.au/news/article/a-finance-expert-says-now-is-a-good-time-to-consider-refinancing-a-loan-ahead-of-tuesdays-reserve-bank-of-australia-meeting/3ju4mcfkg)). Lenders are competing aggressively to retain borrowers.
When Should You Consider Refinancing?
• Your rate is above market average
• You want to access equity or consolidate debts
• Your financial position has improved
How to Compare and Choose the Best Mortgage Rates
Look beyond the headline rate—review comparison rates, fees, and flexibility. Use a broker to access non-bank lenders.
Steps to Refinance Smartly:
1. Review your current loan contract
2. Get a property valuation
3. Prepare your financial documents
4. Compare and apply with pre-approval
5. Complete the refinance process
Conclusion:
Refinancing can save thousands. If you’re considering it, reach out for a no-obligation review of your home loan.
