Australia’s $1.2 Billion Blind Spot: Are You Missing a Refinance Opportunity?

For over a million Australian homeowners, there’s a big chance to save money right now. It’s hiding in plain sight, and it could be worth billions.

New information shows that more than 1.2 million homes across the country might be able to refinance their home loan today. If just half of them did, we’d be talking about over $1.2 billion in total savings!

But most people aren’t doing anything. Why? Many homeowners don’t realise how much their money situation has changed since they first bought their home.

Because property prices have gone up, many people are now in a less risky group for lenders. But unless you check your updated Loan-to-Value Ratio (LVR), you might not know you could get a better deal.

Property Prices Have Quietly Changed Things

For the past few years, interest rates have been in the news a lot. But behind the scenes, property prices have been doing a lot of work, especially for people who bought between 2022 and 2024. If that’s you, here’s some good news: You might own a much bigger part of your property than you think. And that could mean you’re in a stronger position to refinance.

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So, What’s Different? It’s All About Your LVR

The most important thing is your Loan-to-Value Ratio (LVR). This is the part of your home’s value that your loan covers. When you first buy a home with a 10% or 20% deposit, your LVR might start at 90% or 80%.

But if your home’s value has gone up since then, and you’ve been making payments, your LVR might have dropped. That’s when chances to refinance start to appear.

Lower LVR = Lower risk = Better Interest Rates.

Are You Missing Out on a Refinance Opportunity?

Around 1.2 million home loans in Australia can be refinanced. Many of these are in a much better spot than when they started. To show you how much money this involves:

• $1.2 billion in untouched savings is possible if people simply save $1,000 each.

• Some people could save tens of thousands of dollars over the life of their loan by getting a better rate.

It’s Not Just About the Interest Rate

Refinancing can also give you:

• Better features (like offset accounts or redraw options)

• Shorter loan terms (meaning you pay less interest overall)

• The chance to combine debts

• Access to money from your home’s value (equity) for home improvements, investments, or other life goals.

It all starts with knowing where you stand. For many, this means understanding your new LVR.

Your New LVR: Where Do You Fit In?

LVR levels matter. They tell lenders how risky you are and what rate they’ll offer you.

Here’s a simple example:

If your LVR has gone down, you could now:

• Get lower interest rates.

• Avoid or reduce LMI.

• Borrow more money for future home goals.

Simply put, many people are in a great spot to refinance but haven’t looked at their choices yet.

Common Refinancing Myths  (& why they’re costing You)

Even with the chance to save money, many Australians are waiting to refinance. Here are some common reasons and why they might be wrong:

• “I got a good rate a few years ago. It’s still fine, right?” Your first rate might have been good then, but your home’s value has likely changed. Even if rates haven’t dropped much, your improved LVR could get you a better deal today.

• “Isn’t refinancing a pain?” Not anymore. With online tools and expert brokers helping you, most of it can be done online. At EZ MORTGAGE BROKER, we’ll help you every step of the way.

• “Rates are still high, so what’s the point?” Even when interest rates don’t change much, refinancing can save you money if your LVR has improved. It’s not just about lower rates; it’s about a better deal for you right now.

• “Won’t checking hurt my credit score?” Not at all. Using calculators or talking to a broker doesn’t affect your score. Only real loan applications lead to credit checks, and an EZ MORTGAGE BROKER can help you avoid checks you don’t need.

How to Check if You Can Refinance

You don’t need to be a money expert to start. Just follow these simple steps, or even better, talk to us!

1. Figure Out Your Home’s Value: Get a free report to see what your home is likely worth today.

2. Calculate Your LVR: Find out your current LVR to see if you’re in a new level.

3. Talk to an EZ MORTGAGE BROKER: This is where you get real value. We’ll look at your current loan, compare choices from many lenders, and help you understand if refinancing is right for you.

What Happens if You Do Nothing?

The biggest cost is something you can’t see: doing nothing while your home’s value sits there and your interest rate stays high.

By not refinancing, you could be:

• Paying thousands more in interest over the life of your loan.

• Missing a chance to lower your LMI or shorten your loan term.

• Putting off plans like home renovations or buying an investment property.

• Leaving your home’s equity untouched when it could help you financially.

The good news? It’s easy to take action, and EZ MORTGAGE BROKER is here to help.

Why Refinance with EZ MORTGAGE BROKER?

We’re not just about looking at tables of numbers; we’re about helping people. When you refinance with EZ MORTGAGE BROKER, you get:

• A real person helping you.

• Access to many lenders and loan choices.

• Help with every step of the refinance journey.

Whether you’re refinancing to save money, renovating, combining debts, or investing, we’ll help you make a move that fits your goals.

Ready to See If You’re One of the 1.2 Million?

Your home’s value has likely gone up, so why shouldn’t your loan terms go down?

Contact EZ MORTGAGE BROKER today for a free home loan review.

Call us on 1300 050 099 or email [email protected].

Refinancing doesn’t have to be hard, and it’s not just about finding the lowest rate. It’s about knowing your position and making your loan work harder for you. An EZ MORTGAGE BROKER is here to guide you. When over one million homeowners are missing out, a free 15-minute call could be one of the most valuable steps you take this year.