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Refinancing

Rethink your home loan — the smart way

Refinancing your home loan isn’t just about chasing a better rate. Done well, it can help you reduce your repayments, access equity, consolidate debt, or simply find a loan that’s better suited to your needs today — not the ones you had years ago.

At Heritage Finance, we take the time to understand your goals before recommending whether refinancing is the right move. We’ll compare your current loan against options from over 40 lenders and give you the full picture — including fees, benefits, and potential risks.

When does refinancing make sense?

  • Your interest rate is no longer competitive
    Lenders don’t always reward loyalty — newer clients often get better deals. If you’ve been with the same bank for 3+ years, it’s worth comparing.
  • You want to reduce monthly repayments
    Lower interest rates or longer terms can reduce your cash flow strain — especially helpful in tighter financial periods.
  • You’re consolidating debts
    If you have personal loans, credit cards or car finance, rolling them into your home loan can simplify payments and reduce your overall interest burden.
  • You want to access equity
    Use the built-up value in your home to fund renovations, investment, or even a deposit on another property.
  • Your fixed rate is ending
    We can help you explore your options before your lender rolls you onto a higher revert rate.

When refinancing might not be worth it

  • Your break costs are too high
    If you’re on a fixed-rate loan, check for early exit fees. Sometimes, it’s better to wait until the fixed period ends.
  • You’re planning to sell soon
    Refinancing typically only makes financial sense if you’ll be staying in the property long enough to benefit from the savings.
  • Your circumstances have changed
    If your income or credit score has dropped, your borrowing capacity may be lower than when you first took out your loan — and that could limit your options.

Tip: We’ll run the numbers for you. If it’s not in your best interest to refinance, we’ll tell you — honestly.

What is debt consolidation?

Debt consolidation is when you roll multiple debts (like credit cards, personal loans, or car finance) into your home loan. Because home loans usually have lower interest rates, this can significantly reduce your overall repayments.

But — it’s important to understand that while your monthly outgoings may drop, you could end up paying more interest over time, especially if you stretch short-term debts over a 30-year home loan.

We’ll help you weigh up:

  • Monthly savings vs. long-term interest

  • Whether to shorten the loan term for the consolidated portion

The best structure to keep investment and personal debt separate where needed

  • Chattel Mortgages (Loans) – Own the asset from day one, with potential tax benefits

  • Finance Leases – Use the equipment without upfront capital

  • Operating Leases – Off-balance sheet financing for flexibility and minimal commitment

  • Lines of Credit – Pre-approved facilities for ongoing equipment purchases

We’ll help you choose the right structure based on your cash flow, asset usage, and tax strategy.

How Heritage Finance supports your refinance

  • We compare over 40 lenders to find the most suitable option

  • Help you understand the true cost of refinancing — not just the headline rate

  • Ensure your new structure aligns with your long-term financial goals

  • Manage the entire process with your current and new lender

Offer ongoing reviews, not just a one-off transaction

Let’s talk refinancing

If you’re considering a refinance — or wondering if you should be — we’ll help you make an informed decision based on facts, not guesswork.

👉 Book a free refinance review with Heritage Finance today.

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