Mortgage Refinance.

Are you thinking of refinancing your home loan?

Refinance Your Home Loan and Start Saving.

Refinancing a home loan is simply about obtaining a new loan to pay off your existing mortgage. Refinance loans are a great way to reduce your monthly repayments or “lock in” your home loan at a lower interest rate over a fixed period to save money.

A mortgage refinance can save you thousands of dollars over the life of your loan. If you are on a variable home loan or your fixed rate home loan is ending soon, I can help. I have access to great mortgage refinance options from over 40 lenders that will allow you to pay off your loan quicker and own your home sooner.

Mortgage Refinancing

As Easy As 1, 2, 3…

  1. Initial Consultation
  2. Evaluation
  3. Recommendation
  4. Application
  5. Approval!
Mike Mackenzie explaining his client on how to get a construction home loan in Perth

How a Mortgage Refinance Can Save You Money.

Even if the Reserve Bank holds the official interest rate, banks in Australia continually adjust their interest rates depending on the type of business they want to attract. If a bank is chasing investor lending, for example, they could cut their rates to encourage investors to borrow from them.

Conversely, a competing bank might offer special deals to entice back the customers they lost to their competitor. This means, from time to time, banks offer great interest rate deals that can be of benefit to you. With over 40 lenders to choose from, I can find you the right deal to help you start saving money today!

The Right Time to Refinance Your Home Loan.

You can refinance your home loan at any time but I generally recommend reassessing your existing home loan every two years. Being smart about when you refinance your home loan can help you avoid losing money through fees and charges. You also need to be aware of the potential impact on your credit rating, as the more times you apply for credit, the lower your credit rating goes. I can help you understand your current financial position and whether you would benefit from refinancing your loan now or waiting until a better time.

A modern kitchen that was renovated as part of a new home construction

Want to pay off your mortgage faster? Get started now!

What Drives Mike Mackenzie?

Solutions that work.

Long-term outcomes to reduce your financial stress.

Family-first approach.

Easing the financial burden for you and your family.

Knowledge to empower.

Educating you to make informed financial decisions.

Giving your time back.

Saving you valuable time negotiating with lenders.

Invested in your success.

Simplifying your finances to help you get ahead.

Financing your future.

Tailored finance for today and tomorrow.

Young couple happy after recieving a keystart loan for their home construction

Benefits of Refinancing.

There really is no disadvantage to refinancing your home loan, especially if you are in a situation where your current fixed interest rate mortgage has come to an end. In fact, you can benefit from a mortgage refinance in many ways, including:

Split Home Loans.

A split loan allows you to tailor your home loan, so it works to pay off your mortgage while helping you achieve financial stability. By dividing your mortgage into multiple parts, you can benefit not only from the flexibility of a variable rate, but also from the certainty of a fixed rate home loan. You could even choose how much of your loan is split between the fixed and variable rates to work in your favour.

A modern home interior in Perth where the loan has been reduced by Mike Mackenzie

Why Split Home Loans are So Good.

Fixed rate home loans are great for locking in a lower interest rate to save money, but they usually don’t allow you to make extra repayments to reduce the length of your mortgage. That’s why a split loan is such a good idea. By locking a portion of your loan at a fixed rate, while retaining a portion of the loan at a variable rate, you can make extra repayments to pay your mortgage down faster. Not only can a split loan save you thousands of dollars in interest, but it can soften the blow if the fixed portion expires in a period of increasing interest rates.

The Importance of Equity.

If you are looking to refinance your home loan, it’s important to know how much equity you have in your home. The more you have, the better you can use it to your advantage. Your equity can be used to consolidate debts like credit cards or personal loans, or to pay for large expenses, such as home improvements or a vehicle. I can help you understand how you can use the equity in your home to achieve your financial goals.

A quality home recently constructed after a loan approval with the help of Mike Mackenzie

Thinking of refinancing? Get in touch with Mike today!


An illustration of two people consulting at a modern desk


If you’ve had your mortgage for a while, you could be on a higher interest rate than lenders are currently offering. One of the key reasons people refinance their existing home loan is to take advantage of lower interest rates. This can result in lower monthly repayments and more disposable income for you! Other reasons for refinancing your home loan could include:

  • Reaching the end of a fixed period in your existing home loan and seeking a new fixed interest rate loan.
  • Seeking a different type of loan with a redraw or offset account (or even a split loan) for better flexibility.
  • Leveraging equity in your home for renovations, travel, a new car, or even an investment.
  • Consolidating debts such as a personal loan, student loan, car loan, or credit cards.

If you are unsure whether you are in a good position to refinance your home loan, get in touch with me to discuss your situation.

While you can refinance your home loan at any time, it pays to be careful about when you choose to do so. Generally, it’s a good idea to re-assess your existing home loan after two years, or if you are coming to the end of a fixed interest rate loan.

If you choose to refinance your loan too soon after obtaining your existing home loan, you could be subject to additional fees and charges that could end up costing you more than you were hoping to save by refinancing. If you are reconsidering your current home loan, I recommend you contact me to discuss your options.

While refinancing can save you money on your monthly repayments, there are generally various fees and charges associated with breaking your existing home loan to obtain a new loan. These can include a valuation fee, application fee, mortgage registration fee, and/or a mortgage discharge fee.

The actual costs can vary greatly between lenders and generally depend on your personal circumstances, so it is difficult to provide an accurate estimate for your situation. If you would like to know how much it could cost you to refinance your home loan, I recommend you book an appointment with me to discuss your options.

My Lending Partners.

I have partnered with multiple lenders, which gives me access to a wider selection of loan options and more competitive rates for you.

Contact Mike Mackenzie!

Please fill out the contact form and I will get back to you to discuss how the right finance can help you achieve your goals.