Imagine this:Your bank is charging you more for being loyal. Let's fix that.
Here's why this matters to you
Australian banks save their sharpest rates for new customers — leaving loyal borrowers paying 0.25%–0.50%+ more. That's often thousands a year. In a free 15-minute chat, your Mortgage Choice broker compares 40+ lenders against your current rate and holds your bank to account.
100% free for borrowers · No obligation · Australia-wide by phone or video
from 32 Google reviews
Read all 32 reviews on Google“The broker was absolutely fantastic as my mortgage broker! He went above and beyond to help me secure the best possible loan for my needs.”
How much could the loyalty tax be costing you?
Slide to your loan balance and see what a simple rate cut is worth each year.
Potential saving per year
$1,500
Estimates only — a free review confirms your real numbers.
Why refinance now?
Staying loyal to your bank should be rewarded — not charged for.
Escape the loyalty tax
Banks quietly reserve their best rates for new customers. Existing borrowers often pay 0.25%–0.50%+ more — thousands a year for doing nothing wrong.
Cashback opportunities
Lenders aggressively want your loan right now, and many pay cash incentives of thousands of dollars to win it. We know who's offering what.
Consolidate debt & unlock equity
Roll high-interest credit cards or personal loans into your home loan rate, or tap the equity you've built to renovate or invest.
For education purposes only — this is general information, not personal advice. Consolidating debts into your home loan requires sufficient equity in your property, and rolling short-term debt into a longer loan may increase interest paid over the life of the loan. Talk to your broker about what's right for your situation.
How refinancing works
Refinancing simply means moving your home loan to a better deal — either with a new lender, or restructured with your current one. Here's the short version.
"What is refinancing?" — the Mortgage Choice explainer
Watch on YouTube1. Start with a 15-minute health check
We look at your current rate, balance and loan features, then work out what your home loan is really costing you today.
2. Benchmark against the market
Your broker compares your loan against 40+ lenders — including the rates banks reserve for winning new customers.
3. Apply and switch
If there's a better deal, we handle the application, the valuation and the paperwork. You don't need to chase your current bank.
4. Settle and save
The new lender pays out your old loan and your repayments reset — usually within a few weeks of you saying yes.
Refinancing isn't automatic — break costs, fees and a fresh credit assessment can apply, and the lowest rate isn't always the most suitable deal. That's exactly what your broker checks with you before anything is signed.
5.0 out of 5 · 32 Google reviews
Five stars from borrowers we’ve helped
Real reviews from people our Mortgage Choice broker has helped.
“The broker was absolutely fantastic as my mortgage broker! He went above and beyond to help me secure the best possible loan for my needs. His knowledge and expertise were invaluable, and he was always patient and understanding. The broker’s empathetic approach made the entire process stress-free. I highly recommend him to anyone looking for a dedicated and trustworthy mortgage broker.”
“We found the broker from a google search trying to look for a mortgage broker in our local area for re-financing of our loans. We are so glad that we found the broker. He has been amazing. From the first meeting with him to the final settlement. Our re-financing was complicated, but regardless of this the broker came up with a solution every time. He explained everything to us along the way, always gave updates during the process. We would have no hesitation to recommend the broker to anyone who is considering re-finance or just looking for a brilliant mortgage broker. We will definitely use his services again in a heartbeat!”
“I found the broker through a friend while I was struggling to get a good deal for my home loan refinancing. My case was complicated, but the broker through his experience and professionalism was able to achieved what I was looking for. I highly recommend the broker to anyone looking for a mortgage/refinance. I will definitely use his services again in future.”
“The broker is a fantastic mortgage advisor. He is very thorough and patient and takes time to explain everything very clearly. 10/10 recommend the broker! Thanks again for all your help this year in helping us purchase our first home!!”
“As first time buyers, we found the broker and Hayley to be incredibly helpful and supportive. The broker took the time on a public holiday to talk through the basics of how applying for a mortgage works, what we’d need, what we could get, and even recommended some suburbs for us to explore. Throughout the process they answered any questions we had in a really helpful, realistic way, and we really appreciated having a trusted advisor on hand as various things popped up which were new to us. The broker and Hayley managed to turn around a 4 week settlement and had the right contacts at the bank to keep things moving along, and settlement day itself was incredibly smooth. Thank you both for helping us to secure our first home!”
5.0
Average Google rating for Mortgage Choice Randwick
Review excerpts are shown as published on Google, with the broker’s name removed.
Fixing it takes 3 simple steps
The first one takes 15 minutes. We handle the rest.
Book a 15-minute chat
Pick a time on Calendly that suits you — by phone or video, wherever you are in Australia. No cost, no obligation.
We compare 40+ lenders
Your broker puts your current rate under the microscope and compares it against 40+ lenders to find where the loyalty tax is hitting you.
We do the legwork
If there's a better deal, we handle the paperwork from application all the way through to settlement. You just say yes or no.
Meet your local Mortgage Choice broker
Your dedicated Mortgage Choice Randwick broker is your personal advocate in the mortgage market. As part of Mortgage Choice — one of Australia's largest broker networks — he compares a panel of 40+ lenders to find the loan that genuinely fits you, not the bank.
- Dedicated, one-on-one service from your first chat to settlement and beyond
- Phone and video consultations available Australia-wide — not just Randwick
- Backed by Mortgage Choice's scale, tools and lender relationships
- The service costs you nothing — brokers are paid by lenders, never by you
Your questions, answered
Straight answers to what borrowers ask most.
A single refinance application has a minimal, short-lived impact on your credit score. Working with a broker actually helps here: we compare lenders first and only apply once, rather than you lodging multiple applications that create multiple credit enquiries.
The broker's service is 100% free for you — brokers are paid a commission by the lender you settle with, never by the borrower. Some lenders charge discharge or application fees; your review will itemise every cost against the savings so you can see the net benefit in black and white before deciding anything.
Typically 2–4 weeks from application to settlement. We handle the legwork and paperwork throughout, so the time you personally spend is small — usually just the initial 15-minute chat and signing documents.
Yes, but breaking a fixed rate early can trigger break costs, which can be significant. A review will work out exactly what those costs are and whether refinancing still leaves you ahead — you may be better off preparing now and refinancing closer to your fixed term ending.
Completely. There's no cost, no pressure and no obligation to take anything further. You'll get a clear picture of what your current rate looks like against the market, and the decision is always yours.
Every year you wait, the loyalty tax takes another bite.
Fifteen minutes is all it takes to find out whether your bank is overcharging you — and what to do about it.
Free · No obligation · Compare 40+ lenders