Home Loan Refinancing
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4.89% | 5.20%
We fight for fair rates for Australian investors. You deserve a better deal.
Variable rate
​​​Variable, P&l, Owner Occupied, LVR < 60%. Introductory rate for 2 years.
$150,000, 25 yr with upfront fee $349. 2 years @ 4.89% then 23 years @ 5.20%.
Comparison rate​​
RateUnity saving examples
LoanValue | Monthly Repayments | Savings/month |
|---|---|---|
$1,500,000 | $7,952 | $1,372 |
$1,000,000 | $5,301 | $915 |
$636,208 | $3,373 | $582 |
$400,000 | $2,120 | $366 |
RateUnity Savings is based on a 30 year Owner Occupied, P&I, mortgage with <60% LVR, using the average Australian Variable rate of 6.34% (RBA September 2024) and comparing it with RateUnity's Basic Variable rate 4.89% (comparison rate 5.20%).​​​
$636,208 represents the average Australian mortgage, which helps to understand the average significant savings.
Easy steps to lower mortgage repayments
1. RateUnity Submission
2. Loan discussion
3. Provide documents
4. Hero Bank Decision
Fill out our online form and see your potential RateUnity savings.
Discuss your mortgage and provide additional details.
Provide verification and additional documents to support your application.
Bank reviews application and documentation to provide mortgage decision.
How RateUnity is different
We fight for fair rates for everyday Australians — here's how we make it happen.
Greater Savings
RateUnity offers low referral fee and no ongoing commission to banks in exchange for lower mortgage rates for customers.
Hero Bank
RateUnity negotiates directly with banks and has pre-arranged competitive rates for customers.
Community Strength
By using Strength in Numbers and uniting mortgage holders, we harness collective bargaining power.
RateUnity has an Australian Credit Licence and is regulated by ASIC
We protect your details with strict privacy standards and robust electronic security
Meet our founder
“My journey began with a dream to improve the financial lives of Australians. At RateUnity, we blend deep financial expertise with a commitment to ethical practices. This mission is about more than just mortgages it's about empowering homeowners with trust and significant savings.”
Pier Culley
Founder RateUnity
Home Loan Refinancing Australia
Refinancing your home loan can be a way to reduce mortgage costs or improve financial flexibility. At RateUnity, we focus on keeping the process simple and transparent, giving homeowners access to competitive refinancing options through the power of collective bargaining. With no hidden fees and a clear process, refinancing becomes more accessible and straightforward.
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RateUnity’s approach to refinancing
Refinancing can feel overwhelming, but we simplify the journey with a structured and efficient process. Our focus is on transparency and fairness, helping homeowners explore competitive options without unnecessary fees or complex procedures.
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Strength in Numbers
By bringing homeowners together, RateUnity builds collective bargaining power. This approach allows us to negotiate with lenders for sharper rates and terms than may be available to individuals on their own.
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Collective bargaining for lower rates
Lenders may provide reduced rates when negotiating with groups of borrowers rather than individuals. By pooling demand, RateUnity helps customers access competitive interest rates that may not be available through standard refinancing channels.
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A different approach to fees
Unlike traditional models that rely on ongoing trail commissions, RateUnity uses a low referral fee model. This means more focus on providing customers with sharper upfront rates.
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Transparent and Ethical Practices
We believe in clarity and simplicity. Any refinancing costs are explained upfront, with no hidden charges. This makes it easier for homeowners to see the real savings available, rather than navigating complex fee structures.
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Simple online process
Homeowners can begin the refinancing process online in just a few steps. The platform minimises paperwork and provides updates at each stage, making the process easy to follow.
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Security and privacy
Protecting customer information is a top priority. We use strong encryption and data security measures so your personal and financial information remains protected throughout the process.
Why Refinance Your Home Loan?
Refinancing can provide significant financial benefits, including cost savings and improved loan flexibility. Whether seeking lower repayments or unlocking home equity, understanding the advantages can help determine if refinancing is the right choice.
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Benefits of Refinancing
Refinancing can provide financial flexibility and may reduce overall mortgage costs. It allows homeowners to access sharper interest rates, adjust loan terms, or unlock home equity. Understanding the potential benefits can help you decide if refinancing is worth exploring.
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Lower Interest Rates
Accessing a lower rate can reduce the total cost of a mortgage. Even small changes in rates can add up to meaningful savings over time.
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Reduced Monthly Repayments
A lower interest rate may decrease monthly repayment amounts. This can improve cash flow and create more room in the household budget for other goals.
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Access to Home Equity
Refinancing may allow homeowners to access the equity built up in their property. These funds can be used for purposes such as renovations, education costs, or other approved expenses.
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Debt Consolidation
Refinancing can combine multiple debts into one structured repayment, often at a lower interest rate than personal loans or credit cards. This can make repayments easier to manage and help reduce financial stress.
Signs It's Time to Refinance
Understanding when refinancing may be worthwhile can help homeowners take advantage of more competitive loan conditions. Common situations include:
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Interest rates have changed
If market mortgage rates are lower than your current loan, refinancing may reduce overall costs. Staying aware of rate movements can help identify opportunities.
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Improved credit position
A stronger credit score may increase eligibility for sharper rates. Over time, this can lead to lower repayments and improved loan options.
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End of Fixed-Rate Term
When a fixed-rate period ends, homeowners often move to the lender’s standard variable rate. Reviewing other available options at this point can highlight more competitive alternatives.
The RateUnity Team
Jarrod Brooks
Shareholder & Partner
Jarrod utilizes strategy and stakeholder diplomacy to collaborate with boards and C-suite executives, driving growth across Asia-Pacific markets. His expertise spans real estate capital, governance, and strategic alliances, enabling ambitious expansion goals while safeguarding business interests.
Chris Dadej
Shareholder & Partner
A technology executive with 20+ years in Co-CEO, CTO & CPO roles, driving transformation and strategic innovation. Combining technical expertise & business acumen, Chris builds high-performing teams & delivers digital solutions that drive growth, elevate customer experience & boost operational efficiency.
Santiago Burridge
Shareholder & Partner
Santiago founded several Financial Services businesses during his career and now invests his energy in companies that aim to achieve great things. Rate Unity is one of those companies, as it has the potential to help thousands of Australian Families lead better lives and get better outcomes.
Sascha Flook
Shareholder & Partner
Sascha began her career as an IT Manager at Australian Geographic, leveraging her expertise in business operations and technology. She now leads Digital by Sasch, specializing in creative, customer-centric marketing for wellness, finance, and real estate sectors.
Frequently Asked Questions
How does refinancing work?
Refinancing means replacing an existing mortgage with a new loan that has different terms. This could involve a lower interest rate, a different repayment structure, or access to equity. The aim is to align the mortgage more closely with the borrower’s current financial situation.
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What are the costs involved?
Refinancing may include costs such as discharge or exit fees from the existing lender, and application or registration fees for the new loan. These vary by lender and by state. Borrowers should weigh these costs against any potential savings when considering refinancing.
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How long does the process take?
The refinancing process usually takes several weeks, depending on the lender and the borrower’s circumstances. Digital applications can help reduce paperwork and may shorten the timeframes, but approval speed remains subject to each lender’s processes.
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Can I refinance with bad credit?
Some lenders may consider applications from borrowers with lower credit scores, though the terms and rates offered will depend on individual circumstances. Each case is assessed according to the lender’s policies.
Contact RateUnity Today
For homeowners considering refinancing in Australia, RateUnity offers a simple way to explore competitive mortgage rates through the power of collective bargaining. Whether your goal is lower repayments, debt consolidation, or accessing home equity, we provide a transparent process to help you see what options may be available.