Does Nexus Loans Assist With Refinancing Existing Mortgages?
Yes. At Nexus Loans, refinancing is one of our core areas of expertise. Whether you're looking to reduce your interest rate, lower your repayments, access equity, consolidate debt, renovate your home, or purchase an investment property, we compare a wide range of lenders to help you find a loan that better suits your current needs
Let's Be Honest...
One of the biggest misconceptions we hear is:
"I'll just stay with my bank because it's easier."
Unfortunately, staying with the same lender for years without reviewing your home loan can sometimes mean paying more interest than necessary or missing out on loan features that better suit your lifestyle.
We've met clients who haven't reviewed their home loan in over 10 years.
Others have never asked their lender for a better rate.
Many are surprised to discover there may be more suitable options available.
That's why we believe every homeowner should complete a Home Loan Health Check regularly.
What Is Refinancing?
Refinancing means replacing your existing home loan with a new one.
This could be:
With your current lender.
With a different lender.
Or by restructuring your existing loan.
The goal isn't always to get the lowest interest rate.
It's about making sure your home loan still supports your financial goals.
Why Do People Refinance?
Every client has different reasons for refinancing.
Some of the most common include:
Lower Your Interest Rate
If your current loan is no longer competitive, refinancing may help reduce your interest costs.
Reduce Your Monthly Repayments
Changing your loan structure or interest rate may improve your monthly cash flow.
Access Equity
If your property has increased in value, refinancing may allow you to access available equity to:
Renovate
Purchase another property
Invest
Consolidate debt
Debt Consolidation
Many homeowners refinance to combine multiple debts into one simpler repayment.
This could include:
Credit cards
Personal loans
Car loans
Whether this is suitable depends on your individual circumstances.
Better Loan Features
Sometimes the interest rate isn't the problem.
Your loan may simply no longer suit your lifestyle.
You may want:
Offset accounts
Multiple loan splits
Unlimited extra repayments
Redraw facilities
Interest Only options
Fixed Rate Ending
Many borrowers review their home loan once their fixed interest rate expires.
This is often a great time to compare your options.
Life Changes
Your mortgage should evolve as your life changes.
Many clients refinance after:
Having children
Getting married
Changing jobs
Becoming self-employed
Purchasing an investment property
Building a home
Separating
Preparing for retirement
Does Refinancing Always Mean Changing Banks?
No.
Sometimes your current lender is still the best option.
In some cases, we can negotiate with your existing lender to improve your interest rate or loan features without moving your loan elsewhere.
Our job is to compare your options and help you make an informed decision.
Is Refinancing Worth It?
That depends.
A refinance should consider more than just the advertised interest rate.
We also look at:
Loan features
Fees
Offset accounts
Flexibility
Future borrowing plans
Equity position
Borrowing capacity
Sometimes refinancing can save money.
Sometimes staying where you are is the better decision.
We'll tell you honestly.
Our Home Loan Health Check
At Nexus Loans, we don't believe refinancing should happen just because another lender has a lower advertised rate.
That's why we've developed our Home Loan Health Check, where we review your current loan and compare it against your goals.
We assess:
✅ Interest rate
✅ Loan structure
✅ Equity available
✅ Borrowing capacity
✅ Loan features
✅ Future plans
✅ Current lender competitiveness
Our goal is simple—to ensure your home loan is still working for you.
Why Choose Nexus Loans?
Unlike going directly to one bank, we compare a wide range of lenders to help find a solution tailored to your circumstances.
We regularly assist clients with:
Home loan refinancing
Debt consolidation
Equity release
Investment lending
Construction loans
Bridging finance
Guarantor loans
SMSF lending
Commercial finance
Our advice is personalised because no two borrowers are the same.
Common Questions We Get Asked
Can I refinance if I'm self-employed?
Yes. Many lenders have options for self-employed borrowers, including one-year financials or alternative documentation in some circumstances.
Can I refinance with tax debt?
Potentially. Some lenders will consider applications where ATO debt exists, depending on the circumstances.
Can I refinance to renovate?
Yes. Many homeowners refinance to access equity for renovations or home improvements.
Can I refinance to buy an investment property?
Potentially. If you have sufficient equity and borrowing capacity, refinancing may help you achieve your investment goals.
How often should I review my home loan?
We generally recommend reviewing your home loan every 12–24 months, or whenever your financial circumstances change.
Is there a cost to refinance?
There may be costs involved, such as discharge fees, government charges, registration fees, or break costs if you're leaving a fixed-rate loan. We'll explain any costs upfront so you can make an informed decision.
Our Advice
A home loan isn't something you should set and forget.
As interest rates, property values, lender policies, and your personal circumstances change, it's worth checking whether your current loan is still the right fit.
Sometimes the answer is refinancing.
Sometimes it's staying exactly where you are.
The important thing is knowing your options.
Book Your Free Home Loan Health Check
If you've had your home loan for more than a couple of years—or simply haven't reviewed it recently—it may be time for a conversation.
At Nexus Loans, we'll compare your current loan, explain your options in plain English, and help you decide whether refinancing is the right move.
No pressure. No jargon. Just honest advice tailored to your goals.
