Are you too loyal to your bank? Banks only offer the best interest rates to new customers. Chances are, If you’ve been with the same bank for a number of years, you’re paying a loyalty tax. On a $500,000 mortgage of 30 years, you could save more than $30,000 on interest over the life of the loan with a tweak to your interest rate of just 0.2%

 Refinance Home Loan in Sydney

Thousands of Sydney homeowners are paying more than they need to – $335 or more a month on loan commitments.

If it’s been over two years since you reviewed your home loan, there’s a high chance you’re paying a “loyalty tax.” That’s the 0.5-1% extra banks quietly charge existing customers while offering lower rates to new ones.

At MXJ Finance, we provide tailored home loan refinance strategies that put you back in control. Save more and stress less with our refinance broker in Sydney.

• Free refinance review with clear savings calculations
• Access to 40+ lenders for competitive rates
• Strategic loan structuring to help you pay off your loan 7-10 years faster
• Options to unlock equity for renovations or investment
• No obligation and a completely free assessment

Get your free refinance review today.

Why Sydney Homeowners Refinance with MXJ Finance

Stop Paying the Loyalty Tax

Loyalty tax is costing Sydney homeowners thousands every year. Banks profit from customer inertia, charging existing customers 0.5% to 1% more than new customers. This means you could be paying between $4,000 and $8,000 more interest annually on a $800,000 home loan. 

MXJ Finance brings expert refinance home loans to Sydney, comparing 40+ lenders, securing better rates and helping you avoid overpaying.

Pay Off Your Mortgage 7-10 Years Faster

Refinancing lets you build a smarter loan structure so your mortgage gets paid off sooner – sometimes even years in advance.

Our refinance mortgage broker in Ashfield, Sydney,​ helps you set up offset accounts, optimise extra repayment strategies, and structure loans to reduce interest and build equity faster.

Unlock Your Property Equity

Property values have grown significantly over the years. If you’ve owned your home for a while, you may be sitting on substantial equity that you can access through refinancing. Whether you want to renovate your kitchen, build a granny flat, invest in a second property, or consolidate high-interest debts, a home loan refinance in Sydney lets you unlock that equity and put it to work.

Our team helps you leverage your property growth while maintaining a sustainable loan structure.

Better Loan Features & Service

Frustrated with poor customer service from your current lender? Tired of calling a 1800 number and waiting on hold? Our loan refinance Sydney​ services give you the chance to switch to a lender with better features, more flexibility, and responsive service. Add offset accounts, redraw facilities, and flexible repayment options that your current loan might not have. 

Plus, when you work with our mortgage broker, you get ongoing support rather than being passed between call centre staff.

Our Sydney Home Loan Refinancing Process

Step 1: Free Refinance Review (No Obligation)

We review your current loan, including the interest rate, balance, and repayments, and then calculate your exact potential savings. We also assess your borrowing capacity and available equity to provide clear recommendations tailored to your specific goals. 

This 15–20 minute assessment is completely free with no commitment, so you’ll know exactly whether refinancing makes sense.

Step 2: Design your Tailored Strategy

We compare rates, features, and fees across 40+ lenders, including banks, credit unions, and non‑banks. No obligation to proceed, you will walk away with actionable points on how to improve your finances. You stay in control – our role is to provide you with transparent information to make a confident decision.

Step 3: Application & Settlement

If you choose to proceed, we will handle the paperwork, manage communication, and coordinate discharge with your current lender. You’ll receive updates at every stage, so you’re never left wondering what’s happening. 

Most refinances take 4-6 weeks from application to settlement, and our support continues with ongoing reviews and planning.

Should You Refinance Your Sydney Home Loan?

Refinancing Makes Sense If…

• Your rate is 0.2%+ higher than current market rates
• You haven’t reviewed your refinance home loan in Sydney in 2+ years
• You want to access equity for renovation or investment
• You’re frustrated with your current lender’s service
• You want to add features like offset accounts, or are seeking more flexibility
• You can save more than the switching costs

Sydney’s Refinancing Costs

Typical refinancing costs in Sydney include:

• A discharge fee from your current lender of $150 to $400
• An application fee for the new loan of $0 to $600, which is often waived
• Government registration charges $300 – $400
• Settlement costs of $0 to $300. 

Total typical costs range from $700 to $1,000. These are one-time costs, and for most Sydney homeowners, the annual savings far outweigh this initial expense.

Calculate Your Break-Even Point

Not sure if refinancing is worth it for your situation? Our free home loan refinance in Sydney review calculates your exact savings and break-even point. Most Sydney homeowners save between $3,000 and $8,000 annually, which means the one-time refinancing cost pays for itself within a few months.

Refinancing Services Across Sydney

We help Sydney homeowners refinance across all suburbs and regions. Based on the North Shore with deep expertise in areas like refinance in Chatswood, Strathfield, Ashfield, and Sydney-wide, our refinancing reviews show you how much you could save, providing a clear roadmap to paying off your mortgage quicker.

Whether you’re in the Eastern Suburbs or anywhere across the North Shore, you’ll receive the same award-winning service. We offer in-person consultations, phone support, and video meetings to suit your preferences and schedule.

Refinancing Questions from Sydney Homeowners

How much can I save by refinancing my Sydney home loan?

Most Sydney homeowners save $3,000-$8,000 annually by refinancing to a better rate. Your free review shows your exact potential savings based on your current loan and the best available rates. This compounding effect can reduce years off your mortgage and save you possibly hundreds of thousands of dollars in interest. 

How long does refinancing take?

Typically 4-6 weeks from application to settlement. We manage the entire process, including paperwork, lender communication, and coordination with your current lender to make it as smooth as possible.

What are the costs of refinancing in Sydney?

Usually between $700-$1,000 total, including discharge fees, application fees, valuation, and settlement costs. We ensure your annual savings significantly outweigh these one-time costs before proceeding.

Will refinancing affect my credit score?

There are many factors that affect long-term credit score, in most cases 1 or 2 credit enquiries have little to no impact.

Can I refinance to access equity for renovations or investment?

Yes. We help you unlock equity in your Sydney property for renovations, purchasing an investment property, or consolidating high-interest debts while maintaining a sustainable loan structure.

Do you charge a fee for refinancing assistance?

No. Our standard refinancing service is completely free. We’re paid by the lender once your loan settles, so there’s no cost to you for our expertise and support.

Ready to Stop Paying the Loyalty Tax?

If you haven’t reviewed your home loan in the past two years, you’re likely paying thousands more than necessary.

With over 10 years of lending experience, 125+ five-star reviews, and award-winning service, MXJ Finance helps Sydney homeowners break free from the loyalty tax and build real wealth through smarter loan structures. 

Get started today with a free refinance review.

Refinancing is quick and easy with a trusted mortgage adviser.
Call us now for an assessment and guidance on next steps, at no cost to you.