Services
Refinance
Auzlending checks whether your current home loan still stacks up, then compares switching costs against the savings. If moving is not worth it, we tell you that too.
Who this loan suits
Anyone whose loan is more than two years old, whose fixed rate is ending, who is paying several debts at different rates, or who wants to use equity for a renovation, investment or a car. Also worth checking if your bank has moved your rate up and you have never asked why.
What you need to apply
- Photo ID.
- Your latest home loan statement and the current rate.
- Two recent payslips or tax returns if self-employed.
- Three months of bank statements.
- A rough idea of what your property is worth. We order a valuation once you choose a lender.
How we compare lenders for you
We compare your current loan against the market on the total cost over the next three to five years, including discharge fees, new application fees and any break costs on a fixed rate. Many lenders offer cashback or fee waivers for refinancers, and we include those in the numbers. If your own bank can match the market, sometimes a single phone call from us gets you the discount without moving at all.
What it costs
Nothing from you for a home loan refinance. Typical lender and government costs are a discharge fee of a few hundred dollars from your old lender, plus mortgage registration fees. We list every cost in the comparison so you can see the break-even point.
How long it takes
Two to four weeks from application to the new loan settling. Fixed-rate break costs can take a few days to confirm with your current lender, so we get that number first.
Questions people ask
Is it worth refinancing for a small rate difference?
On a 00,000 loan, a quarter of a percent is roughly ,250 a year. If switching costs 00 and you plan to keep the loan for years, yes. If you plan to sell next year, probably not. We do this sum for you.
Can I consolidate a car loan and credit cards into my home loan?
Usually yes, and the rate is far lower. The catch is that a five-year car loan spread over thirty years costs more in total unless you keep the repayments up. We show you both paths.
Will I have to pay lenders mortgage insurance again?
Only if your loan is more than eighty percent of the property's current value. If your property has grown in value, you may now be under that line even if you paid it originally.
Related: home loans, using equity for an investment property, and the repayment calculator.
Want a real number, not a range?
A 20-minute call, no documents needed yet, no credit check.