REFINANCING & REVIEWS
Make sure your home loan is still working for you.
Explore better rates, lower fees, or restructure your loan to suit your changing circumstances with personal guidance from Cornell Mortgages.
Clear guidance from assessment and comparison through to settlement.
Refinance Position Check
See what should be reviewed before deciding whether refinancing is worthwhile.
HOW WE CAN HELP
Make sure your loan still fits your life.
Compare your current rate
Lenders often reserve their best rates for new customers. We compare your current loan against the market to see if you could be saving.
Access your property equity
If your property has increased in value, you may be able to access that equity to fund renovations or a deposit for an investment.
Restructure and consolidate
Simplify your finances by rolling other debts into your home loan, or restructure your loan features to better match your goals.
WHY WORK WITH US
A clearer view of your options.
Understand the true cost of switching
Banks rarely reward loyalty. We audit your existing mortgage to identify if you are paying a 'loyalty tax' and calculate the exact break-even point for switching.
Compare appropriate lending options
We evaluate your current loan against alternative lender offerings, clearly comparing interest rates, switching costs, and potential long-term savings.
Support through to settlement
We handle the discharge paperwork with your outgoing bank and manage the entire transition to your new lender, ensuring a seamless switch without you having to wait on hold.
Our Best Interests Duty
When providing credit assistance, we are legally required to act in your best interests and prioritise your interests where a conflict exists. Any recommendation must be based on your circumstances, objectives and needs.
YOUR REFINANCE JOURNEY
Know what happens next.
Review your current loan
We look at your current rate, fees, and loan features to see where you stand.
Assess your goals
Whether it's lower repayments, accessing equity, or debt consolidation.
Compare options
We present suitable alternatives from our panel of lenders and calculate potential savings.
Prepare application
We handle the paperwork and submit your application to the chosen lender.
Approval and settlement
Your new lender pays out your old loan, and your new loan structure begins.
REFINANCE CALCULATOR
Could a lower rate change your repayments?
Use our indicative refinance calculator to explore potential savings and see how different rates might affect your monthly budget.
Indicative estimate only. This is not loan approval or a lender recommendation.
Before you begin, it helps to understand:
Property valuation
How much your property is worth now affects your equity and borrowing options.
Borrowing capacity
Even when refinancing, lenders will reassess your income, expenses, and debts.
Switching costs
Discharge fees, application fees, and government charges need to be factored in.
Loan features
Offset accounts, redraw facilities, and fixed vs variable rate structures.
Frequently asked questions
Please note: Eligibility, lender policy and government program rules can change.