Refinancing your home loan in Bankstown?

Time for a better deal? We'll help Bankstown & South West Sydney home owners switch, save money, and make their loan work harder.

Outgrowing your loan? Let's find one that works for your budget.

Maybe you locked in a rate years ago and it's no longer competitive. Maybe your situation's changed - new job, growing family, tighter budget. Or maybe you've just got that gut feeling that you're paying more than you need to. (You probably are.)


Refinancing isn't just about chasing a lower rate - it's about putting your money to better use. At Infinity Mortgage Brokers, we make it easier than you think for home owners across Bankstown and South West Sydney.

How do I refinance?

Refinancing means moving from your current home loan to a new one - either with the same lender or a different one - to better suit your needs. That might mean:

  • Lowering your interest rate to reduce repayments
  • Switching to a more flexible loan (with features like an offset account)
  • Consolidating other debts into your home loan
  • Unlocking equity for renovations, investments, or big plans
  • Changing your loan term or structure (e.g. fixed vs variable)

We'll start by reviewing your current loan and goals, then compare options from 40+ lenders to find the right fit. If we find a better deal, we'll manage the switch and handle the paperwork - start to finish.

Should I refinance?

Even a small difference in interest rate can save you thousands over the life of your loan. But it's not just about money - it's about peace of mind. Are you paying more than you should be? Is your loan still working for you, or are you working around it?


Refinancing gives you a chance to take control, improve your financial position, and make your loan fit your life - not the other way around.

How Infinity Mortgage Brokers can help

We're here to make refinancing simple for Bankstown and South West Sydney home owners. No confusing lingo, no pressure, no 'one-size-fits-all' offers. Just honest advice, smart comparisons, and support every step of the way. Here's what you get with us:

  • A full review of your current loan to see if there's room to improve
  • Access to 40+ lenders - including banks, credit unions, and non-bank lenders
  • Strategic advice on how to use refinancing to reach your financial goals
  • A clear picture of the costs and benefits, so you can make a confident decision
  • A smooth transition with us handling the paperwork and the back-and-forth

Wondering if it's worth switching?

Let's chat! Schedule a free introductory call with us now.

  • When should I refinance my home loan in Bankstown?

    You should refinance your home loan in Bankstown when the saving clearly outweighs the cost of switching. The usual prompts are:

    • Your fixed rate is about to end and roll to a higher variable rate

    • You have held the loan for more than two or three years and new borrowers are getting a better rate than you

    • Your home has grown in value, putting you in a lower loan to value band

    • You want to fold higher interest debts into the mortgage

    • You want to release equity for a renovation, an investment or your business

    • Life has changed, through a new baby, a move into self employment or separation or divorce


    Why local owners should look


    Many owners who bought several years ago now owe a much smaller share of their home's value. Lenders price loans by that ratio, so a fresh valuation alone can earn a lower rate.


    What a small gap costs


    As an illustration, a rate 0.5% above the market costs about $4,000 a year on an $800,000 loan.


    Next steps


    Infinity Mortgage Brokers compares your loan against 40+ lenders. Our guide to refinancing a home loan walks through every step, or see how to reduce your mortgage repayments.

  • How much does refinancing a home loan cost in NSW?

    Refinancing a home loan in NSW typically costs a discharge fee, government registration fees and any fees charged by the new lender. Break costs and Lenders Mortgage Insurance (LMI) can add far more in some cases.


    The standard costs


    You pay a discharge fee to your current lender. Government fees apply to remove the old mortgage and register the new one with NSW Land Registry Services. The new lender may charge application, valuation or settlement fees, though many waive part of this or pay a cashback.


    Break costs


    These apply if you leave a fixed rate loan before the term ends. They depend on how rates have moved since you fixed and can run to thousands of dollars. Read what to do when your fixed rate ends before acting.


    LMI


    LMI is charged again if the new loan is more than 80% of your home's value. A premium paid to your first lender does not transfer. Our guide on how to avoid LMI explains the workarounds.


    Does it pay


    Infinity Mortgage Brokers works out the break even point in dollars and months for Bankstown home owners before recommending anything. If staying put is better, we say so. See our guide to a second opinion on your home loan.

  • Can I release equity when refinancing my home loan?

    Yes, you can release equity when refinancing your home loan. This is called a cash out refinance, where the new loan is larger than the debt it replaces and the difference is paid to you.


    How much you can release


    Without LMI, the most you can usually borrow is 80% of your home's value. Your available equity is that figure less your current balance.


    What lenders will fund


    Lenders accept renovations, the deposit on an investment property, business purposes, a vehicle or consolidating debts. You will be asked what the money is for, and bigger amounts need evidence such as a quote or contract. More in our guide to refinancing to release equity.


    Get the structure right


    Where the cash is for investment or business, it is usually set up as its own loan split. That generally keeps deductible and non deductible interest separate. Confirm the tax treatment with your accountant.


    Setting it up once


    Infinity Mortgage Brokers arranges the splits at application for home owners from Bankstown to Beverly Hills, since changing them later means applying again. For other options, see how to access the equity in your home.

  • Does refinancing a home loan damage my credit score?

    Refinancing a home loan once, with a well prepared application, has only a small and temporary effect on your credit score. The damage comes from applying to several lenders in a short space of time.


    What gets recorded


    The application appears as an enquiry. After settlement, the old loan shows as closed and the new one as open.


    What matters more


    Your repayment history carries far more weight. Under comprehensive credit reporting, two years of on time repayments outweigh a single enquiry.


    How to protect your score


    Have your borrowing capacity checked before anything is lodged, so the application goes once, to a lender that will approve it. That is one of the practical differences we outline in mortgage broker versus bank.


    If your file has marks already


    Tell Infinity Mortgage Brokers up front if your file shows defaults or a run of enquiries. Some lenders take a reasonable view of low credit scores, and we help South West Sydney borrowers present the application properly the first time.