Refinancing in Perth
Refinancing means replacing your current home loan with a new one, either with your existing lender or a different one, to get a better rate, access equity, consolidate debt, or switch loan features. In Perth's market, where rates and lender policies shift often, a broker who works across multiple lenders can compare deals you won't find by walking into one bank branch. We track 320 businesses in this category, from large franchise brokerages to independent local operators.
What refinancing brokers actually do
A broker assesses your current loan, income, and property value, then shops your application across their lender panel to find a better rate or structure. This might mean a straight rate switch, cashing out equity for renovations or a deposit on a second property, or restructuring a loan that's no longer fitting your situation (for example moving off an interest-only period, or combining an owner-occupier and investment loan). They handle the paperwork, valuation coordination, and discharge process with your old lender, and they should model the real cost of switching, not just the headline rate.
What to look for before you commit
Check how many lenders a broker has on their panel and whether that panel includes non-major lenders, since a narrow panel limits your options. Ask upfront how they're paid: most work on lender commission at no direct cost to you, but get this confirmed in writing. A good broker will run the numbers on exit fees, discharge costs, new loan setup costs, and any lenders mortgage insurance implications before recommending a switch, and will tell you honestly if refinancing isn't worth it right now. Local knowledge of Perth property valuations also matters, since equity calculations depend on it.
How we score brokers in this category
Our ranking weighs verified customer feedback, responsiveness, transparency around fees and lender panels, and consistency of service over time. See the full ranked guide to Perth mortgage brokers for our current top picks, and read our methodology for exactly how we collect and weigh the data behind these rankings.
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All refinancing, ranked by score and relevance
We found 320 businesses offering refinancing; 298 met the criteria for the scored directory. 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.
Enquiries you submit through our contact forms may be passed to partner providers who can complete the work, and we may receive a referral fee. Our rankings and scores come from our published scoring method only and are never affected by referral fees.
Common questions about refinancing
- How much does it cost to refinance a home loan in Perth?
- Broker advice is usually free to you, since brokers are typically paid commission by the lender. Your own costs can include a discharge fee from your current lender (often a few hundred dollars), a new loan application or settlement fee, and possibly a property valuation fee. If you're refinancing before your fixed term ends, you may also face a break cost. Ask your broker for a full cost breakdown before signing anything.
- How often should you refinance?
- There's no fixed schedule. Many owners review their loan every 1-2 years or whenever their fixed rate period ends, since lender rates and their own financial position change over time. It's worth a conversation whenever your rate feels out of step with current offers, your property value has risen significantly, or your goals have changed, like wanting to consolidate debt or access equity.
- What should you expect during the refinancing process?
- Expect an initial assessment of your income, expenses, and current loan, followed by the broker comparing options across their lender panel. If you proceed, there's a new application, a property valuation, and a settlement period where the new lender pays out your old loan. The whole process typically takes a few weeks from application to settlement, though it can run longer if valuations or paperwork are delayed.
- How do you judge whether a mortgage broker is any good?
- Look at how wide their lender panel is, whether they explain the total cost of switching rather than just quoting a headline rate, and how clearly they communicate through the process. Genuine customer reviews that mention responsiveness and follow-through after settlement are a good signal, since some brokers are quick to sign you up but slow to help if issues come up later.
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.