Home Loan Refinancing
At Mortgages Plus, we specialise in home loan refinancing, helping clients secure better rates, lower repayments, and access the equity in their homes. Refinancing isn’t just about finding a lower rate. It’s about reshaping your finances to align with your goals. With Mortgages Plus, you receive expert guidance every step of the way, with no upfront fees and no additional cost for our support.












What is Refinancing?
Refinancing is replacing your existing home loan with a new one that’s better suited to your needs. This can lower your repayments, provide access to equity, consolidate debts, or restructure your loan for greater flexibility.
Our role as mortgage brokers is to simplify this process. We compare lenders, explain the options in plain English, and handle the paperwork so that you can move forward with clarity and confidence.
- We'll find you the best deal
- A dedicated case manager and advisor
- Lightening-quick service
- Same-day appointments
- Free suburb reports
Why First Home Buyers Choose Mortgages Plus
Personalised Strategies
Every first-time buyer arrives with individual circumstances. Some have saved a full deposit. Others rely on family guarantees or low-deposit schemes. We assess your financial position, clarify your borrowing capacity, and build a lending approach that aligns with your budget and future plans.
Why it matters
Starting with the right first home buyer loan structure can save thousands over the life of your mortgage and prevent refinancing headaches down the line.
Expert Guidance
With comprehensive knowledge of lenders, from major banks to specialist options, we explain eligibility requirements, scheme applications, and documentation. As specialists, we coordinate with conveyancers and real estate agents to keep your purchase on track.
Why it matters
50+ lenders = better choices. Experience means we spot problems before they delay settlement. Get sorted efficiently with a mortgage broker who knows the landscape.
Clear, Transparent Process
We explain deposit requirements upfront, outline realistic timelines for approval and settlement, and keep you informed at every stage. There are no hidden surprises, and because lenders compensate us at settlement, our services come at no cost to you.
Why it matters
Transparency builds trust. We provide an award-winning service backed by 75+ five-star Google reviews from clients who've been where you are.
Common First Home Buyer Challenges
First-time buyers often encounter unique hurdles when entering the market. Our brokers simplify the mortgage application process by anticipating and resolving these obstacles:
Limited Deposit Savings
Accumulating a 20% deposit takes years. We can unlock access to low-deposit schemes, including the First Home Guarantee (5% deposit) and Family Home Guarantee. Eligible buyers can enter the market sooner.
Confusion Around Government Schemes
Various government schemes are available with varying eligibility criteria and application processes. We clarify which ones suit your situation, handle applications, and ensure you receive all available concessions.Contact us for the most up to date information.
Understanding Borrowing Capacity
Many first time home buyers overestimate or underestimate what they can borrow. Our mortgage brokers provide accurate serviceability assessments that account for living expenses, existing debts, and future rate movements, so you search for properties within your price range.
Calculate your borrowing capacity.
Navigating Auction Competition
The pressure of auction bidding can lead to overcommitting. We establish your maximum borrowing limit beforehand and connect you with pre-approval, giving you confidence when competing for properties.
Supporting Clients Across Australia
Based on Sydney's Northern Beaches, we support first home buyers throughout the area in suburbs like Avalon, Narrabeen, Manly, and Dee Why, as well as across Greater Sydney and regional NSW, including the Central Coast, Inner West, North Shore, and Hunter Valley. We also support clients nationwide, from Melbourne and Brisbane through to Adelaide and Perth.


Frequently Asked Questions
What are the benefits of refinancing?
Refinancing can deliver multiple benefits, including:
- Lower monthly repayments
- Equity release
- Debt consolidation
- Improved loan features
- Long-term savings
How do I know if refinancing is right for me?
You may want to consider refinancing if:
- Your interest rate is higher than what lenders are currently offering.
- Your financial goals have changed, such as planning renovations, investing, or wanting more flexibility in your repayments.
- You’d like to simplify your finances by consolidating multiple debts into one manageable repayment.
- You want to remove a guarantor or restructure your loan as your equity position has improved
If you’re unsure, we’ll review your current home loan against available options and give you a clear comparison of potential savings and features.
Can I refinance with a bad credit score?
Yes, refinancing is still possible even with credit challenges. While some banks are strict, there are flexible lenders who consider applicants with:
- Past defaults or late payments.
- Higher existing debts or credit card balances.
- Self-employed income with limited documentation.
We’ll help by identifying the right lender, advising on quick steps to improve your profile and presenting your application in the best light.
How much does refinancing cost?
Our services are completely free, meaning you won’t pay any upfront broker fees at Mortgages Plus. The main costs are typically small lender or government fees, as well as any early exit costs from your current home loan. All of these costs are calculated upfront to ensure there are no surprises. In many cases, lender incentives can help offset these costs, making refinancing even more worthwhile.
Verity
Redfern, NSW
Anton
Brisbane, QLD
Samantha
Fairlight, NSW
Thomas
Manly, NSW
Luke + Melissa
Manly, NSW
Alex + Naomi
Manly, NSW
Francois
Belrose, Sydney
Char + Eric
Melbourne, VIC
Tanya + Egor
Willoughby, Sydney
Hannah + Leron
Manly, NSW
Catalina
St Leonards, NSW
Bianca + Clinton
Perth, WA
Lara + Greg
Manly, NSW
Zeeshan
Dubai, UAE
Andy + Jan
Manly, NSW