Mortgage Advice

There are lots of ways you can save money on your mortgage. Refixing (staying with your current bank) or refinancing (switching banks) can be a great way to save on repayments and get out of debt quicker.

Ready to apply for a lower interest rate?

Your mortgage is usually the biggest expense you have. Are you doing all that you can to save on this?

  • Power, gas and water 10%
  • Groceries 30%
  • Mortgage Interest 60%
What would getting a lower interest rate mean for you?

Reducing your repayments

A lower interest rate on your mortgage means you’ll pay less each month to the bank. Over the lifetime of your mortgage, you could end up saving thousands of dollars.

Learn more about how to save on your repayments…

Paying off your debt faster

If you’re comfortable with your mortgage repayments or you can afford to increase them just a bit, you can pay off your principal faster and reduce the total amount of time you’re in debt.

Learn more about how to pay off your debt faster…

Consolidate extra debt

Using the equity in your property, you combine your debts from things like credit cards, personal loans and hire purchases into one loan with a lower interest rate.

Learn more about the pros and cons of debt consolidation…

Frequently asked questions

Should I refinance?

Learn when it’s best to refix and stay with your current bank and when it’s best to refinance and go somewhere else…

What are break fees?

Learn why you shouldn’t worry about break fees and get an estimate of what it will cost to break your fixed loans…

How much could I save?

Use our refinance calculator to see how much you could save with a lower interest rate…

What will it cost?

Learn about the fees associated with refixing and refinancing and how iRefi makes money…

Should you wait until your current fixed term ends?

Learn why it isn’t worth waiting for your current fixed term to end and why you should take action today…

What is revolving credit?

Learn how you can use your personal income to offset your mortgage and pay lower interest…

What mistakes should I avoid?

Learn about the most common mortgage mistakes and learn how to avoid paying higher interest than you need to…

What's the best repayment frequency?

One quick and easy way to pay off your debt faster is to pay off your mortgage fortnightly instead of monthly. Ready why…

Do you go to my existing bank as well?

We’ll help you decide whether you should refix (at your existing bank) or refinance (to a new bank). Here’s how we work…

Why there's no such thing as savings

Learn how to use your savings more efficiently and stop paying the bank to lend your own money back to you…

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