- lola@luminarfinance.com.au
- 45 Delawney St, Balcatta WA 6021
Let’s talk about something that could save you thousands of dollars, help you get ahead financially, and maybe even fund that dream bathroom reno — refinancing your home loan. If that sounds a bit dull, stay with me. This is one decision that could seriously change your life (like it did mine!).
Refinancing means replacing your existing mortgage with a new one — either with your current lender or a different one. As a mortgage broker in Perth, I see people refinance for all sorts of reasons, including:
Getting a more competitive interest rate
Reducing monthly repayments
Accessing built-up equity in their home (perfect for renovations or investing)
Consolidating debt
Switching to a loan with better features, like an offset account or redraw facility
Interest rates have been on a rollercoaster lately. If your home loan interest rate starts with a 6 or 7, you are definitely not alone — but that doesn’t mean you are stuck. The lending market is always evolving, and your loan should evolve with it.
Now is a great time to compare options and potentially secure a better deal. That’s where working with a local Perth mortgage broker really helps.
Last year, I refinanced my home loan from one of the big four banks to another lender. My old bank wasn’t offering much — no check-ins, no perks, and no reason to stay loyal.
After switching, I landed a better interest rate and immediately started saving money each month. But the benefits didn’t stop there. The process made me reassess my financial goals, and with some extra breathing room in the budget, I finally renovated my bathroom.
Not only does it look amazing (seriously, friends comment every time they visit), but it added real value to my property. Plus, weirdly enough, our social life improved — we host more, enjoy our home more, and feel proud of our space. All from one smart financial move.
Here are my top five tips if you’re considering refinancing:
Know your current interest rate – A surprising number of people don’t!
Review your loan regularly – Life changes, and your home loan should too.
Don’t stick with your lender just out of habit – Loyalty is expensive if you’re not getting value.
Use a Perth mortgage broker – We do the legwork for you and find options that suit your needs.
Think beyond the rate – Lower repayments can open the door to renovations, savings, investing, or even a much-needed holiday.
Refinancing your home loan isn’t just about cutting costs — it’s about making your finances work smarter. Whether you want to save more, renovate, invest, or simply gain financial clarity, refinancing could be the key.
If you’re based in Perth and it’s been a while since you reviewed your mortgage, let’s have a chat. As a local mortgage broker in WA, I’m here to help you explore your options and make informed decisions that support your lifestyle.
Your dream bathroom — or whatever your version of that is — could be closer than you think.
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