Refinancing in Perth
Refinancing means replacing your current home loan with a new one, either with your existing lender or a different bank, to get a better rate, access equity, consolidate debt, or switch loan features like offset accounts and fixed terms. In Perth, 161 mortgage brokers list refinancing as part of their service, ranging from independent operators working across a wide panel of lenders to brokers tied more closely to one or two banks.
A good refinance broker does more than chase the lowest headline rate. They'll look at your current loan's exit costs, any lender's mortgage insurance you might trigger again if your equity has shifted, break fees on fixed terms, and whether the new loan's fees (application, valuation, discharge) actually leave you better off once you account for the switch. They should also ask about your goals, whether that's paying the loan off faster, freeing up cash for renovations, or just cutting monthly repayments, rather than just processing a like-for-like swap.
When comparing brokers, look for clear disclosure of how they're paid (commission from lenders, and whether that varies by lender), the size of their lender panel, and whether they explain the full cost of refinancing in writing before you commit. Our scoring weighs these factors alongside verified reviews and responsiveness, so you're not relying on marketing alone.
For the full ranked list, see our best mortgage brokers in Perth guide. Details on how we score and rank brokers are on our methodology page.
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All refinancing, ranked by score and relevance
161 businesses. The order weighs each business's overall score by how much of its reviewed work is refinancing, so a lower-scored specialist can rank above a higher-scored generalist. Filter and sort below, or open the full map view.
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Common questions about refinancing
- How much does refinancing a mortgage cost in Perth?
- Expect discharge fees from your current lender (often $150-$400), a new loan application or settlement fee, and possibly a property valuation fee. If you refinance to a new lender within the first few years and your loan-to-value ratio has crept up, you could also face lender's mortgage insurance again. Many brokers don't charge you directly since they're paid by the lender, but always ask upfront.
- How often should I refinance my home loan?
- There's no fixed schedule, but it's worth reviewing your loan every one to two years or whenever your fixed rate is about to expire, your financial situation changes, or you notice rates elsewhere have moved significantly below what you're paying. Refinancing too often can eat into savings through repeated fees, so it usually needs to save you more than the switching costs within a reasonable timeframe.
- What should I expect during the refinancing process?
- A broker will review your current loan, income, and equity position, then compare offers across their lender panel. Expect to provide payslips, bank statements, and details of your existing mortgage. The process typically takes a few weeks from application to settlement, including a valuation of your property and approval from the new lender.
- How can I judge whether a refinancing broker is any good?
- Look at how clearly they explain total costs (not just the interest rate), how wide their lender panel is, and whether they put recommendations in writing with a comparison of your current versus proposed loan. Genuine client reviews mentioning communication and follow-through after settlement are a strong signal, which is part of what our scoring accounts for.
Guides to choosing refinancing
- Refinancing your home loan in Perth: is it worth the cost and hassle
A practical way to work out whether refinancing your home loan actually saves you money once switching costs, timing, and your current rate are factored in.
- Refinancing after separation or divorce: your home loan options in WA
The main paths for sorting out a shared home loan after separation, from refinancing into one name to selling, and what to consider before deciding.