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.
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 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.
Our panel of lenders
With access to over 40 leading lenders, including the big four banks, we can help you get a loan that suits your individual circumstances.
