The refinance process
- Review your current loan, rate, repayments, fees and goals.
- Check equity, borrowing capacity and lender policy fit.
- Compare loan options across lenders and calculate the likely benefit.
- Submit the application with income, identity, property and loan documents.
- Complete valuation, conditional approval and formal approval.
- Sign new loan documents and discharge the old mortgage.
- Settle the new loan and move repayments to the new lender.
What your broker does
CredQ compares lender options, explains policy differences, estimates costs, coordinates documentation and tracks the lender process. The goal is to make the refinance decision clear before you apply.
What you need to prepare
- Recent payslips or income evidence
- Current home loan statement
- Identification documents
- Rates notice or property details
- Statements for credit cards, personal loans or other debts
How long it can take
A simple refinance can often take a few weeks, but timing depends on valuation, lender assessment, discharge processing and how quickly documents are returned.