Refinancing

Review your current mortgage and understand the costs and possible benefits of switching.

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Find out whether a change is worthwhile

Start with your current loan and what you want to improve. Bradley helps you compare available options against staying with your existing lender, including the effect of keeping your remaining loan term.

  • Your current position: We review the balance, rate, remaining term, repayments and the features you use.
  • The cost to switch: Application, discharge and fixed-rate break costs can change the outcome. We compare the potential savings with those costs.
  • A suitable timeframe: A smaller monthly payment is not the whole picture. We consider total interest and how long you expect to keep the new loan.

How we can help

  1. Explain what is prompting the review and share current loan details.
  2. Compare the current loan with possible alternatives, including switching costs.
  3. If you choose to proceed, we prepare the application and coordinate with the lender through settlement.

Work out when the switch pays for itself

Compare any improved offer from your existing lender with the alternatives. Include discharge, application, valuation and registration costs, any fixed-rate break cost and possible new lenders mortgage insurance. Keep the same remaining term when comparing repayments.

Illustrative example: $2,400 in switching costs divided by $120 of monthly savings gives a simple break-even period of 20 months. This assumes the saving stays constant and the loan balance and remaining term are comparable; it excludes the time value of money. It is not a rate offer or a prediction of your saving.

If you plan to sell or refinance again sooner, the switch may not recover its costs. Ask for a written total-cost comparison and check how a rate change would affect it.

Common questions

Will refinancing always save money?

No. Fees, a longer term or changes in rates can outweigh a lower initial repayment. We assess the comparison before you decide.

Can I review a fixed-rate loan?

Yes. Ask your current lender for a break-cost quote and check its expiry. We include this in the comparison.

Read five reasons to review your loan · Explore calculator estimates

Further reading

Information updated 9 September 2026. Eligibility and lender policies can change. The linked sources explain the relevant criteria; they are not a confirmation of your eligibility or our lender access.

Discuss your next step

Tell Bradley about your plans and the questions you would like to cover. We will respond to arrange a conversation.

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