Refinancing › When is the right time to refinance?

When is the right time to refinance?

A good prompt is when your rate is well above current market rates, when a fixed term is ending, when your situation has changed, or when you want to use equity. There is no fixed schedule, it depends on your numbers.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

Many people refinance reactively, often after a rate rise, when a proactive review every year or two tends to find more value. A fixed rate rolling to a higher revert rate is a classic trigger, but so is simply not having checked your loan against the market in a long time.

The key points

When your rate sits well above current market rates.
When a fixed term is about to end.
When you want to access equity or your situation has changed.

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More refinancing questions

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.