Home Loan Refinancing Broker in Perth

Yes – if structured correctly. We calculate your break-even point before recommending any switch, ensuring your interest savings clearly outweigh all discharge fees, application costs, and any government registration charges. Discharge fees typically range from $150–$350, and many lenders currently offer cashback incentives of $2,000–$4,000 that offset switching costs entirely. If the numbers do not stack up in your favour within a reasonable timeframe, we will not recommend the move.

Yes. Rolling high-interest debts – credit cards at 18–22% or car loans at 8–12% – into your home loan at a significantly lower rate can reduce your total monthly outgoings substantially. We model the short-term cashflow benefit and the long-term interest cost for every consolidation we recommend. If consolidating adds too many years to your loan term, we will show you both scenarios so you can choose with full information.

Very little on your end. We handle the entire process – gathering your documents, preparing and lodging the application, managing the new lender’s conditions and valuation, and coordinating the discharge of your old loan directly with your existing bank. You do not need to contact your old lender at any point. A standard residential refinance typically takes 3–6 weeks from application to settlement.

Every formal loan application creates a credit enquiry, which has a minor short-term effect. Our approach protects you by identifying the right lender before submitting anything – we make a single, well-prepared application rather than approaching multiple banks. Shopping your application across several lenders simultaneously would cause multiple enquiries and meaningfully damage your score. We submit once, to the right lender, the first time.

Yes, but breaking a fixed rate early usually involves a break cost, which can be significant depending on how much market rates have moved since you fixed. We request the exact break cost figure from your lender before making any recommendation. In some cases the break cost is worth paying to access a materially better rate – in others, it makes more sense to wait until your fixed term expires. We model both scenarios with real numbers before advising.

Most lenders require at least 20% equity – meaning your loan balance should be no more than 80% of your property’s current value – to refinance without paying Lenders Mortgage Insurance again. If your property has increased in value since you purchased it, your LVR may now be well below 80% even if your deposit was originally smaller. We calculate your current equity position using a desktop valuation before recommending any lender, so you know exactly where you stand.

The right home loan refinancing broker in Perth will calculate your break-even point honestly, compare options across a wide lender panel – not just their preferred few – and manage the full discharge process without passing paperwork back to you. At Strawberry Finance, we only recommend refinancing when the numbers clearly work in your favour. We handle everything from the loan review through to settlement, and we review your loan annually so you are never overpaying again.

Working with a home loan refinancing broker in Perth costs you nothing directly. Brokers are paid a commission by the new lender once your loan settles – there is no fee charged to you for the loan review, lender comparison, application preparation, or settlement management. At Strawberry Finance, our refinance service is completely free to you from the initial loan health check through to the day your new loan settles.

The right time to refinance your home loan in Perth depends on three factors working in your favour simultaneously: the rate gap between your current loan and what is available in the market, your remaining loan term, and your current equity position. As at March 2026, with the RBA cash rate at 4.10% and mainstream variable rates between 5.6% and 5.9% p.a., Perth borrowers who took out fixed rates in 2021 or 2022 at 2%–3% and have since reverted to their lender’s standard variable rate are almost certainly paying 0.5%–1.5% more than they need to. As a general rule, if your current rate is more than 0.5% above the best rate available for your loan profile, refinancing is worth modelling. The other key trigger is your equity position — once your LVR drops below 80%, you unlock access to the full range of lender products and eliminate LMI concerns, significantly expanding your refinancing options. At Strawberry Finance, we review your current loan at no cost and confirm within one conversation whether refinancing will genuinely save you money after accounting for discharge fees, break costs, and application fees. Call 0457 133 453 for a free loan health check.

The saving from refinancing depends on your loan balance, the rate difference between your current loan and a new product, and your remaining loan term. Using a real 2026 Perth example: if you have a $650,000 home loan with 22 years remaining at 6.5% p.a. – a common revert rate for borrowers whose fixed period expired in 2024 or 2025 – refinancing to a new lender at 5.75% p.a. saves approximately $347 per month in repayments, or over $4,100 per year. Over the remaining loan term, the cumulative interest saving exceeds $76,000. Even after accounting for a typical discharge fee of $300–$500 and a new lender application fee, the break-even point is usually reached within 2 to 3 months of the new loan commencing. As a home loan refinancing broker in Perth, Strawberry Finance models this calculation using your actual loan balance and rate before recommending any switch – so you see exactly what you will save, not just an estimate. We also compare offset account, redraw, and repayment flexibility features so you switch to a loan that is genuinely better, not just cheaper on the headline rate. Call 0457 133 453 or visit strawberryfinance.com.au to book your free refinance review.