Home Loan Refinancing Perth
Is your home loan still working for you?
We can do a home-loan ‘health check’ to see if it’s worth refinancing.
Your Mortgage Brokers for life
The benefit of working with a mortgage broker is that our support doesn’t stop once your loan has settled. As your circumstances, goals and the market changes, we continue to review your home loan to make sure it still suits you.
That might mean negotiating a lower interest rate with your current bank, reviewing your loan structure or comparing refinancing options with other lenders to see if there are more suitable options available.
Home loan refinancing can be an opportunity to reduce your interest rate or repayments, access equity, consolidate debt, restructure your lending or simply make sure your loan still suits where you are now.
Getting your home loan approved is where we start. Making sure you’re always in the right loan is what we continue to do.
What you can expect from us as your Brokers for life
Review your current home loan including your interest rate, repayments, loan structure and whether it still suits your circumstances.
Keep an eye on your property value and equity position so you understand what options may be available as your property value changes.
Review and negotiate your interest rate with your current bank to see whether they can offer you a more competitive rate before considering a move.
Compare your current loan against other lenders in the market to identify whether refinancing could provide a more suitable rate, structure or features.
Work through the numbers with you including interest savings, refinancing costs and whether changing lenders is actually worthwhile.
Continue reviewing your loan as your goals change, whether you are renovating, investing, upsizing, downsizing or simply wanting to make sure your home loan remains competitive.
We have access to more than 60 lenders, meaning more choice for you.
This includes major banks, smaller banks and specialist lenders, giving us a much broader range of home loan refinancing options to compare for you.
When reviewing your home loan, we look at your current lender alongside other suitable options in the market. Sometimes the right move is negotiating a lower rate with your existing bank. Other times, refinancing to another lender may offer a more competitive rate or a loan structure that better suits your needs.
EXCELLENT
Based on 172 reviews
Posted on Google
Nelson PellegrinoI had a terrific experience with Terry and the team at Achievement Finance. They were very professional and helpful throughout the purchase of my first home, with great communication and advice along the way. They also helped me through the process of removing the guarantee from my parent’s house, which made things so much easier. Would definitely recommend Terry and the team!
Owner's reply
Thanks for your lovely review Nelson! It was a pleasure helping you with your home loan, and then being able to remove the parental guarantee so soon after - such a great outcome 🎉Posted on Google
Chris BeattyAchievement Finance recently helped me sort out both my home renovation and investment property refinancing, and the whole experience was genuinely impressive. Terry’s experience really showed — well considered options and everything explained in a way that made the decisions straightforward. I particularly liked the Credit Proposal document. It broke down the reasoning behind each recommendation clearly and made the whole process easy to follow. The Application/Approval dashboard software was brilliant — being able to see exactly where my application was at, in real time, was a great help with juggling other plans reliant on the credit. Danielle’s support throughout was exceptional. She was proactive, reassuring, and always on top of things, which made the entire experience smooth from start to finish. I highly recommend Achievement Finance.
Owner's reply
Thank you for your kind words, Chris. It was a pleasure working with you and we are very happy to hear you felt well supported throughout the home loan process. Hope all is going well with the renovations!Posted on Google
Mark AylmoreTerry and his team were very helpful and efficient in organising our loan
Owner's reply
Thank you Mark - it was a pleasure assisting you and Patricia with your home loan!Posted on Google
Sonia Ruiz PérezWe were recommended Terry at Achievement Finance by one of our closest friends, and it turned out to be one of the best recommendations we’ve ever received. It took us almost two years from the moment we first reached out to Terry until we finally purchased our home, and throughout that entire journey he was incredibly patient, supportive, and always available to answer our many questions. As first-home buyers from overseas, the Australian home-buying process was completely new to us, but Terry took the time to explain every step clearly and made sure we always understood our options. Terry is an outstanding professional with an exceptional work ethic and extensive knowledge of the industry. What impressed us most was that we never felt like just another client—he genuinely had our best interests at heart and always provided honest, and transparent advice. We couldn’t have asked for a better mortgage broker, and we are so grateful for all of Terry’s guidance and support. We would recommend Terry and Achievement Finance without hesitation to anyone looking for someone they can truly trust.
Owner's reply
Hi Sonia, thank you so much for your incredibly kind words! Buying your first home in a new country is a huge step, and we're grateful you chose us to be part of that journey. It was a pleasure helping you and Eric over the past two years and we're delighted to see all your patience and hard work pay off. Wishing you both every happiness in your new home! 🏡Posted on Google
mason staceyTerry was very helpful as a first home buyer with any questions didn’t hesitate to always ring up definitely gave a easier in-site to buying 👍
Owner's reply
Thanks Mason! Was a pleasure assisting you with understanding your borrowing capacity to purchase your first home.Posted on Google
AlexEmzLuke, Terry and the rest of the team made the process of buying my first property a breeze. They had great options that were best suited to my situation, and kept me in the loop every step of the way. Couldn’t recommend them enough!
Owner's reply
Thanks Alex 😄 Congratulations again on your new home! 🏠🎉Posted on Google
AidanAnother successful deal done thanks to Terry, Luke, Danielle and the team. Their knowledge and expertise are second to none, and the communication was excellent the whole way through, with regular updates keeping us informed at every step. Highly recommend.
Owner's reply
Hi Aidan, we appreciate your lovely review. It's always a pleasure working with you and Ishbel. Congrats again on this exciting new chapter!Posted on Google
Jeanine MurphyI recently completed a refinance through this company and was extremely impressed with the level of communication, professionalism, and support throughout the entire process. The refinance was quite complex, however the Terry and the team took the time to clearly explain every step, provide sound advice, and ensure I fully understood my options before making decisions. Their communication was excellent — prompt, transparent, and reassuring during what could have otherwise been a stressful process. I particularly appreciated their attention to detail, responsiveness to questions, and ability to navigate challenges efficiently. The guidance and advice provided made the process feel seamless and well managed from start to finish. I would highly recommend this company to anyone looking for knowledgeable, trustworthy, and client-focused refinance support.
Owner's reply
Wow such a lovely review, thank you Jeanine! We appreciate your kind works and it was a pleasure assisting you with your home loan refinance. We look forward to working with you again in future 😃Posted on Google
Jack SheppardGiven our loan was not a straightforward one. Terry and the team certainly made a complex situation feel achievable and as easy as it could be made for us. Throughout the whole process the team has taken the time to inform us of all we needed to know and really provided us with a great service. Thank you again for all your help guys.
Owner's reply
Thank you so much! It was a pleasure assisting you with your construction home loan. Wishing you all the best with your build 🏡Posted on Google
Lovina GowryBoth Terry and Danielle are very meticulous and have always been on the top of things. Finances are very complicated usually for non finance individuals like us and we want things easy - both of them are extremely effective and prompt. I would definitely recommend them.
Owner's reply
Thank you Lovina for your lovely review! Our job is to make the home loan process as streamline and stress-free as possible for you 😊 Wishing you all the best, and look forward to working together again in future.
Questions?
We have answers.
$0. Our services come at no cost to you. This is because we are paid a commission by the bank of your choice after your home loan has settled. This means you benefit from our expertise and support without an additional out-of-pocket expense.
In the very rare event that a fee-for-service is required, we will notify you upfront.
Refinancing means replacing your existing home loan with a new loan, usually with another lender. People often refinance to secure a more competitive interest rate, reduce repayments, access equity or change their loan structure.
Before recommending a refinance, we first review your current loan and can approach your existing lender to see what they can offer you. If another lender provides a more suitable option and you decide to proceed, the new loan is used to pay out your existing home loan.
There are a number of times when it makes sense to review your home loan, including:
- Interest rates have changed and other lenders may be offering more competitive rates.
- Your income or employment has changed, which may open up lending options that weren’t previously available to you.
- Your property value has increased, giving you more equity and potentially greater refinancing options.
- Your fixed rate is coming to an end and you want to compare your options before rolling onto a variable rate.
- Your financial goals have changed, such as renovating, investing, accessing equity or restructuring your lending.
- You haven’t reviewed your home loan for some time and want to make sure your rate and loan structure are still competitive.
As a general guide, we recommend reviewing your home loan every 18 to 24 months, as well as whenever there is a significant change in interest rates or your personal circumstances.
Refinancing offers several potential benefits, including the possibility of obtaining a lower interest rate, reducing monthly payments, changing the loan term to pay off your mortgage faster or spread payments out over a longer period, accessing equity for home improvements or other purposes, consolidating debt, or switching from a variable to a fixed-rate mortgage for stability.
The important part is making sure the benefit of refinancing outweighs the costs involved in changing lenders.
Yes. A lower interest rate is one of the most common reasons people consider refinancing.
However it’s important to note changing banks isn’t always necessary. We first review the interest rate you are currently paying and can negotiate with your existing lender to see whether they can improve it. If they can’t, we compare other lenders to see whether refinancing could provide a more competitive option.
Even relatively small differences in interest rates can make a meaningful difference to repayments and the total interest paid over time.
Yes. Following a relationship separation, refinancing is often used when one person wants to keep the property and pay out the other person’s share.
The lender will generally reassess the loan based on the person keeping the property, including their income, expenses, liabilities, property value and the amount required to complete the payout.
We can help you work through the borrowing capacity, property valuation, refinance options and loan structure, and coordinate with your settlement agent where required.
Yes. Refinancing an investment property can be worthwhile if your current loan is no longer competitive or your investment strategy has changed.
You might consider refinancing to:
- Secure a more competitive interest rate or improve cash flow
- Access available equity for another property purchase or renovation
- Restructure your lending or loan features
- Review an interest-only period that is coming to an end
- Separate or reorganise investment and owner-occupied lending
- Move to a lender that better supports your future borrowing plans
We review the existing investment loan, property value, equity position and your broader lending goals before comparing suitable options across the market.
If the refinance involves accessing equity or restructuring investment debt, we also recommend discussing the tax implications with your accountant before proceeding.
Refinancing may still be possible if you’ve had financial difficulties or missed payments in the past, but it could be more challenging. Lenders will assess your credit history, income stability, and overall financial health when considering your application. Working with an experienced Mortgage Broker can help you explore options and find lenders willing to work with your specific situation.
Yes, there are costs involved when refinancing from one lender to another. These may include a discharge fee from your existing lender, mortgage de-registration and re-registration, and any application or settlement fees charged by the new lender. If you are currently on a fixed rate, break costs may also apply.
To determine if refinancing is worth it, we consider the potential savings from obtaining a lower interest rate or changing your loan term, weighed against the upfront costs of refinancing.
The refinancing process usually takes anywhere from 30 to 45 days, but this can vary depending on factors such as the complexity of your financial situation, the lender’s application processing times, and the efficiency of your documentation submission. Working with an experienced Mortgage Broker often helps streamline the process.
Refinancing can affect the remaining term of your loan depending on the new loan term you choose. For example, if you refinance into a new 30-year mortgage after having paid off 10 years of your original loan, you’ll restart the clock with a new 30-year term. However, refinancing into a shorter loan term can help you pay off your mortgage faster.
We look at the loan term as part of the refinance. In some cases, it may make sense to keep a similar remaining term, while in other cases, a different term may better suit your cash flow and financial goals.
Thinking about refinancing?
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