08/07/2026
📌 Fact or Fiction - “Refinancing is expensive and not worth the hassle”:
❌ Fiction
Here’s how refinancing can benefit you:
1️⃣ Refinancing often saves thousands:
Even a 0.25–0.50% rate reduction can save huge amounts over a 30-year loan.
2️⃣ Many lenders offer cashback incentives:
Common cashback offers run between $2,000–$4,000 — often more than covering the refinancing costs.
3️⃣ You may be on an outdated rate:
Banks rarely reward loyalty.
New customers often get lower rates than existing ones.
4️⃣ Refinancing is not just about the interest rate, It can also:
Reduce loan term
Lower monthly repayments
Give access to equity
Improve cashflow
Move you to a loan with better features (offset/redraw)
How to Use This to Your Advantage:
✔ Review your rate every 24 months
✔ Use cashback to cover refinancing costs
✔ Shorten your loan to pay off your home faster
✔ Unlock equity for renovation or investment
✔ Improve cash flow by restructuring your loan
✔ Take advantage of better lender features (offset, redraw)
At Peak Wealth Finance we help clients determine scheme qualification, as well as deposit strategies and lender policy matching, helping you enter the market with less upfront stress.
🏠 Need help deciding on a loan that is right for you? Drop me a DM or click the link in bio to schedule a NO-OBLIGATION consultation! Let’s get you on the path to homeownership! 🙌
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