Why You Might Want to Refinance Sooner Rather Than Later
Is Now the Right Time to Refinance Your Home Loan?
If you’ve been thinking about refinancing, you’re not alone. With interest rates fluctuating and lenders adjusting their offers, acting sooner could save you thousands. Here’s why timing matters—and what you should consider before making the move.
Why Refinancing Can Be a Smart Move
Refinancing isn’t just about chasing a lower interest rate. It can help you:
- Reduce monthly repayments: A better rate means more money in your pocket.
- Access equity: Use your home’s increased value for renovations or investments.
- Consolidate debt: Combine multiple debts into one manageable payment.
- Switch loan features: Move to an offset account or redraw facility for flexibility.
Why Sooner Could Be Better
Here’s why waiting might cost you:
- Lenders are adjusting rates: Some banks are quietly increasing variable rates—even without official RBA hikes.
- Fixed-rate expiries: Many homeowners are rolling off ultra-low pandemic rates into higher repayments.
- Property values matter: If your home has gained value, refinancing now could mean a lower LVR and better deals.
Example:
On a $600,000 loan, even a 0.5% lower interest rate could save you over $15,000 in interest across five years.
How to Know If Refinancing Is Right for You
- Compare your current rate with market averages
- Check your remaining fixed term (if applicable)
- Review your financial goals—short and long term
- Speak to a mortgage broker for tailored advice
Ready to Explore Your Options?
At https://cbmmortgages.com, we’ll review your current loan and find the best refinancing solution for your needs.
👉 https://cbmmortgages.com/refinancing/ Explore our Refinancing page
👉 Read more on our https://cbmmortgages.com/blog/ mortgage insights blog
📞 Contact us today to see how much you could save!
External Resources
- https://moneysmart.gov.au/home-loans/
- https://www.rba.gov.au Reserve Bank of Australia: Interest Rates
Disclaimer
This article provides general information only and does not constitute financial advice. Always consult a qualified financial advisor or mortgage broker before making any financial decisions.
Written by Craig McDonald 08.10.2025
