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Refinance Feasibility

Refinance Feasibility Check

See whether refinancing your home loan may be worth exploring before you start a full application.

Our Refinance Feasibility Check gives you a quick snapshot of your current loan, estimated property equity, loan-to-value ratio and potential repayment difference based on the information you provide.

It can help you identify whether your current home loan may be worth reviewing and whether refinancing could be practical based on your current position.

What does the refinance check review?

The calculator looks at key factors commonly considered when reviewing a home loan, including:

  • your current home loan balance
  • your estimated property value
  • your current interest rate
  • your remaining loan term
  • your estimated property equity
  • your loan-to-value ratio
  • potential repayment differences
  • possible refinancing costs

The result is designed to give you an initial indication only. A lender will still need to assess your full financial circumstances before approving any refinance application.

What is home loan refinancing?

Refinancing means replacing your existing home loan with a new loan.

Some borrowers refinance to review their interest rate, change loan features, adjust their loan structure, consolidate eligible debts or access available equity for an approved purpose.

A refinance may involve moving to another lender or restructuring your loan with your existing lender.

When might a home loan refinance be worth reviewing?

Your current loan may be worth reviewing when:

  • your interest rate has increased
  • your repayments are putting pressure on your budget
  • your property value has increased
  • you have built additional equity
  • your financial circumstances have changed
  • you want different loan features
  • your fixed-rate period is ending
  • you have not reviewed your home loan for several years

A lower advertised interest rate does not automatically mean refinancing will leave you financially better off. Fees, loan term changes, lender criteria and the total interest payable over the life of the loan should also be considered.

What can affect refinance eligibility?

Lenders generally assess a range of factors before approving a refinance application.

These may include your income, employment, living expenses, existing debts, credit history, repayment conduct, property value and loan-to-value ratio.

Your borrowing position may also change since your original home loan was approved.

Why check your equity before refinancing?

Your property equity can play an important role in refinancing.

Equity is the difference between your property's estimated value and the amount you still owe on your home loan.

More equity generally means a lower loan-to-value ratio. This may affect which lenders and loan options are available.

A lender will usually rely on its own property valuation rather than an online estimate when assessing your application.

Check whether refinancing may be worth exploring

Enter your current loan details to get an initial indication of your refinancing position.

The Refinance Feasibility Check can help you understand your current loan before speaking with a mortgage broker about available refinancing options.

Calculator results are estimates only and do not represent an offer of credit, loan approval or a recommendation for a particular loan product. Your full financial circumstances, lender criteria, fees, charges and loan terms need to be considered before proceeding with any refinance application.

Important Note: The calculators and tools provided are for general information purposes only. They are designed to illustrate possible scenarios and should not be relied upon as financial, legal, or taxation advice. The results are based on the information you enter and certain assumptions, which may not reflect your personal circumstances. You should consider obtaining professional advice before making any financial decisions. While every effort is made to ensure the information is accurate and up to date, no guarantee is given as to its completeness or reliability.

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FABIAN RESTAINO (Credit Representative Number 382599) and Finance Industries Australia Pty Ltd (ABN: 81 619 871 788 with Credit Representative Number 500181) are authorised Credit Representatives under Australian Credit Licence 387025.

The information provided is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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Luke Shrewsbury

Finance Broker
Luke has over 15 years experience in Financial Services and has developed a deep understanding of the importance of working with clients to achieve their goals, and ensuring the right frameworks are in place to aid this.
After obtaining a job in credit card defaults and collections in his early 20’s while finishing his studies - Luke felt he could make a real difference to those around him, simply to better understand money, cut through the jargon and make better decisions, so he dedicated himself to learning and practising this throughout his career.

Having worked in a range of roles, this expertise gained and a thorough understanding of the industry and an ability to convey these in a simple, plain English manner, have ensured clients receive first class experience and feel confident in their future.

Luke is committed to his ongoing education, and this ensures clients are kept up to date with industry rules, taxation, and other changes that often occur.
Luke has previously provided financial commentary to News Limited publications such as the Courier Mail, Daily Telegraph and News.com.au.
Outside of work, Luke can be found out and about with his wife, and young daughters, on the water – boating or surfing, or generally keeping active and enjoying everything Queensland has to offer.
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George Hawi

Broker
George Hawi is a dedicated finance professional with over 10 years of experience in the finance industry, bringing deep expertise, strategic insight, and a client-first approach to his role at Finance Industries Australia (FIA). Throughout his career, George has worked closely with individuals, families, and businesses to deliver tailored financial solutions that support long-term success.
At FIA, George plays an active role in driving strategic initiatives, strengthening industry partnerships, and enhancing the value delivered to clients and stakeholders. He is passionate about helping clients achieve their goals and is committed to providing clear guidance, structured solutions, and ongoing support throughout their financial journey.
Beyond his professional work, George is actively involved in the community through charity initiatives and fundraising efforts, reflecting his strong belief in giving back and making a meaningful impact.
Outside of work, George enjoys spending quality time with his family, travelling, and staying active in the community. He is a passionate Rugby League fan and a loyal Manly supporter, and on weekends, you’ll often find him watching the UFC with friends.
George Hawi is a Credit Representative 573339 authorised under Australian Credit Licence 387025.
Giuliana Restaino

Giuliana Restaino

Client Support Manager
Giuliana has been in the front line of Management in Client and Customer Liaison for over 25 years.

Working with large corporations and companies, directly in Administration and Customer Service, this is her passion and she is always happy to go over and above for her clients everyday.

As a mother of three beautiful children, life is busy, and time management is of high priority. Giuliana has learnt to prioritise what’s most important and always ensures that the company and people she works with, directly or indirectly, are a big part of her day! You will always know you’re taken care of and have been made a priority with the service that Giuliana projects.
Anne-Marie Tonkin

Anne-Marie Tonkin

Head Broker
As a mother with a mortgage and young family, Anne-Marie connects personally with her clients. Together with her industry knowledge, she understands and appreciates many of her clients’ concerns, ensuring that every step of their financial journey, is as seamless and stress-free as possible.

Anne-Marie is dedicated to breaking old models of thinking, and helping her clients discover many positive possibilities, which they may not have been aware of.

Credit Representative 502467 is authorised under Australian Credit Licence 387025
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Fabian Restaino

Principal & Finance Manager
Fabian’s passion for the finance industry spans decades. He has accrued a vast wealth of experience, which he applies today, at Finance Industries Australia. The company’s service offerings have diversified since inception, to provide a comprehensive portfolio of financial advice, enabling clients to save both time, and money.

When not in the office, Fabian can be found actively involved in local community work. He is Chairperson of the Board at Varsity Lakes Community Limited, where many fundraising events are hosted, to build local businesses, charities, as well as support numerous youth education programs.

With Fabian at its helm, FIA is very much dedicated towards providing access to quality financial advice, regardless of age or financial position.

Credit Representative 382599 is authorised under Australian Credit Licence 387025