Refinancing Broker in Sydney for Home & Commercial Loans
Enjoy competitive rates that lower your repayments and help you save.
Refinancing Solutions Tailored to Your Financial Goals
Whether you’re looking to reduce your interest rate, consolidate debt, access equity, or simply get a better deal than your current lender is offering, refinancing with the right broker can make a meaningful difference to your financial position. At Providence Lending Group, we help both residential and commercial clients refinance existing facilities across home loans, investment loans, commercial mortgages, and business lending.
Reasons to Refinance
Residential Mortgage Refinancing
We review your existing home loan against the current market and identify whether refinancing will genuinely improve your position. We look beyond the headline rate to consider fees, features, flexibility, and long-term cost — so you’re refinancing to something better, not just different.
Commercial Mortgage Refinancing
How Much Could You Save?
Ready to Review Your Home Loan?
Whether you’re looking to reduce your repayments, access equity, or make sure your loan still suits your goals, speak with one of our refinancing specialists today. We’ll review your current loan and help you explore the options available to you.
FAQ
Is it better to refinance with a broker?
A broker compares your loan across a panel of lenders rather than a single institution, and is paid by the lender you settle with rather than by you. The practical advantage is leverage and market knowledge: knowing which lenders’ credit teams will actually approve your profile, and using competing approvals to negotiate — including with your current bank. If your existing lender simply matches the market when you call, you may not need one. If they don’t, a broker changes the conversation.
Do brokers help with refinancing?
Yes — refinancing is one of the most common reasons borrowers use a broker. The work includes comparing your facility against the market, managing the application and discharge process, calculating break costs and switching costs, and negotiating retention pricing with your existing lender.
What is the 2% rule for refinancing?
The “2% rule” — refinance only if the new rate is at least two percentage points lower — is an American rule of thumb and a poor fit for Australian lending, where switching costs are far lower than US closing costs. In Australia, the relevant test is whether total savings over your realistic holding period exceed total switching costs. Depending on loan size, a gap well under one percentage point can justify a move.
How much does it cost to refinance a $300,000 mortgage?
Typical costs include your current lender’s discharge fee (commonly $150–$400), government mortgage discharge and registration fees (approximately $170–$180 each in NSW ⚠️ verify current NSW Land Registry fee), and the new lender’s application or settlement fees, which are often waived. Fixed-rate break costs can range from negligible to substantial and must be quoted before you commit. As a working figure, a variable-rate refinance in NSW commonly costs $500–$1,200 all-in — an amount a modest rate improvement on $300,000 typically recovers within months.
Will refinancing hurt my credit score?
A refinance application creates a credit enquiry, which has a small, short-lived effect. Multiple applications lodged scattergun across lenders is what damages a file — one reason a considered, single-application strategy matters.
One of the best in the industry.
The team went above and beyond to secure our finance. Their knowledge of the market and attention to detail made the entire process seamless. Whether you are investing or refinancing, I couldn’t recommend them enough for their transparency and results.
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