Refinance · Melbourne

Refinance your
home loan,
properly.

If you haven't reviewed your home loan in two years, you're probably paying too much. MFG provides professional refinance reviews with access to over thirty lenders — and we don't charge you a fee for standard home loan work.

Typical Annual Saving
$3,072
For a $500k loan refinanced from 6.80% to 5.99% over a 25-year term.
Example only. Actual savings depend on your loan balance, remaining term, current rate, and the lender selected. Use our refinance calculator for a personalised estimate.
Why Refinance

Six reasons borrowers come to us.

Refinancing isn't only about chasing a lower rate. Often the structural improvements — offset accounts, redraw flexibility, repayment frequency, loan terms — matter as much as the headline percentage. We look at the full picture.

01 —

Lower interest rate

Lenders reprice their offerings regularly, often more aggressively for new customers than existing ones. If your rate hasn't been reviewed in 18+ months, there's likely a better one available.

02 —

Better loan features

Modern loans offer offset accounts, free redraw, flexible repayments, and split facilities. Older loans often lack these, and the right features can save more than a small rate difference.

03 —

Debt consolidation

Roll high-interest credit cards, personal loans, or car loans into your home loan at a fraction of the rate. Properly structured, this can dramatically reduce monthly outgoings.

04 —

Release equity

If your property has appreciated, refinancing can release equity for renovations, investment property purchases, business capital, or major life expenses — at home loan rates.

05 —

Switch loan type

Moving from variable to fixed (or vice versa), restructuring from interest-only to principal-and-interest, or splitting your loan to manage rate risk strategically.

06 —

Lender service issues

Slow approvals. Hard-to-reach customer service. Inflexibility around your circumstances. Sometimes the case for refinancing isn't financial — it's about working with a lender who actually responds.

How It Works

A clear path, start to finish.

01

Conversation

We sit down (in person, by video, or by phone) to understand your current loan, your circumstances, and what you're trying to achieve. There's no charge for this conversation and no obligation to proceed.

30-45 minutes
02

Review & Modelling

We pull rate comparisons across our 32-lender panel and model your scenario against the leading options. You'll see exact figures — repayment, savings, fees — for each, so you can make an informed decision.

2-3 business days
03

Recommendation

We present the option (or options) we recommend, with the reasoning behind it. This isn't always the cheapest rate — it's the loan whose structure, lender service, and overall fit best matches your situation.

1 meeting
04

Application & Approval

Once you've chosen a direction, we manage the application end-to-end: documentation, valuations, lender liaison, and progress updates. You're kept informed throughout.

2-4 weeks
05

Settlement

We coordinate with your existing bank, the new lender, and (where relevant) your conveyancer to settle the new loan and discharge the old one. The whole transition is seamless for you.

1-2 weeks
06

Ongoing review

Refinancing isn't a one-time event. We stay in touch and proactively review your loan periodically — so the next time it makes sense to switch, you'll hear from us before you have to ask.

Annually
Signs It Might Be Time

You might benefit from a refinance review if…

Your rate is no longer competitive

Lender pricing moves constantly. If you haven't compared your rate to current market offers in a while, you could be paying more than you need to.

You haven't reviewed your loan in 2+ years

Lender pricing, your equity position, and the broader market all shift continuously. A two-year-old loan structure may no longer be optimal.

You're carrying credit card or personal loan debt

Consolidating into your home loan at a much lower rate can free up hundreds of dollars in monthly cash flow.

Your property has appreciated significantly

Higher equity often means access to lower rate tiers (e.g. dropping below 80% LVR) and removes LMI considerations entirely.

Your circumstances have changed

A new job, a baby, a divorce, becoming self-employed, retiring — life events often mean your existing loan no longer fits.

You're frustrated with your bank

If your current lender is slow, unresponsive, or inflexible, you have options. The market is more competitive than most borrowers realise.

Run your numbers.

Use our refinance calculator to estimate your potential savings. It takes about a minute. If the result looks meaningful, book a no-obligation review — and we'll model the actual options.

Open the Refinance Calculator