Refinance your home loan with confidence
Your loan should keep up with your life. We review your current loan, compare lender options and explain each step, so you can decide whether refinancing makes sense for you.
10+
Years Experience
30+
Lenders on Panel
5%
Min. Deposit Available
$0
Broker Fee to You
Melbourne
& Surrounding Suburbs
What is refinancing?
Refinance Your Home Loan means replacing your existing loan with a new one. You might move to a new lender, change your loan features, adjust your term or combine multiple debts into one.
At Open Doors Finance, we take the time to understand your goals and current position first. Then we outline the options that suit your circumstances, including the costs, so you can see the full picture before you decide.
Refinancing may be worth a look if:
- Your repayments feel high compared with current market options
- Your fixed rate is ending soon
- You want to access equity for renovations or investment
- You'd like to combine credit cards or personal loans
- Your loan features no longer fit your goals
Common reasons to refinance
Review your rate
Compare your current rate and fees against what other lenders offer today.
Access equity
Use the equity in your property for renovations, investment or other plans.
Consolidate debt
Bring multiple debts into one structure with a single repayment.
Change loan features
Add an offset account, redraw or a different repayment structure.
Adjust your term
Shorten your term to pay less interest, or extend it to ease repayments.
Move off a fixed rate
Plan ahead for the end of your fixed period and your next step.
How refinancing works with us
We make the home loan process straightforward. Here’s exactly what happens when you work with Open Doors Finance.
01
Free loan review
We look at your current loan, income, expenses and what you want to achieve.
02
Compare your options
We compare lenders and loan features, and explain the costs and trade-offs in plain language.
03
Prepare your application
We guide you on the documents you need and lodge your application.
04
Approval and settlement
We coordinate with your lenders through to settlement and stay in touch along the way.
Refinancing options we can explain
The right structure depends on your goals. Here are the main options we walk through with you.
Variable rate
Repayments can move with the market, and many variable loans allow extra repayments.
Fixed rate
Lock in your rate for a set period for repayment certainty. Break costs may apply if you exit early.
Split loan
Fix part of your loan and keep part variable to balance certainty and flexibility.
Offset account
Hold savings against your loan balance so you pay interest on less.
Equity release
Borrow against the equity in your property for renovations or investment.
Debt consolidation
Combine credit cards and personal loans into your home loan, with the trade-offs explained.
Weigh up the costs and benefits
Refinancing isn’t right for everyone. We help you check the numbers so you know what you’d gain and what you’d pay.
Change loan features
- A lower interest rate or better loan features
- Simpler repayments through consolidation
- Access to equity
- A loan that matches your current goals
Costs to consider
- Exit or discharge fees from your current lender
- Application or valuation fees with a new lender
- Break costs if you leave a fixed rate early
- Changes to your equity position
Refinancing questions
We intentionally limit the number of first home buyer clients we take on so every person gets the focused, high-touch guidance they deserve.
How do I know if refinancing is worth it?
It depends on your current rate, fees, loan balance and goals. We run the comparison with you and show the costs alongside the potential savings.
How long does a refinance take?
Timeframes vary by lender and how quickly documents are provided. We’ll give you a realistic timeline once we’ve reviewed your situation.
Can I refinance a business loan too?
Yes. We can review home loan and business lending arrangements. Contact us to talk through your scenario.
Can I consolidate my credit cards and personal loans?
Often yes. Consolidating into a home loan can change your equity position and total interest paid, so we outline how each option works before you commit.
Does it cost anything to speak with you?
Your initial loan review is free. We explain any fees or costs in advance.
Why refinance with Open Doors Finance
Change loan features
We explain your options and costs without bank jargon, so you understand every step.
Support from enquiry to settlement
We help with documents, lender requests and coordination until your refinance is complete.
Local and personal
We’re based in Melbourne’s west and know local property values and Victorian lending rules.
Ready to review your loan?
Tell us a little about your situation and a broker will get in touch to talk through your options.