Refinance and save

Leaving your old lender?

It’s not you…it’s them.
Don’t worry, Well Money is here to make sure it’s not a messy break up and you you stay in full control. Our award winning mortgages have the kind of features you’d expect from a bank, with the super low rates from an online lender and the personal support you’d expect from a family run company.

No upfront credit checks. Free to try.

Choosing the right solution for you

So you've decided you can do better

And so you should! A lot of people don’t review their home loans and can get stuck. A home loan that seemed great when you first started, can become not so great as your circumstances change.

We get that life happens and everyone should be checking out whether a new home loan could be right for them. With a Well Money home loan, not only do we have great features, but we’ve also got super-low rates that could save you thousands!

Saving money

Refinancing your home loan can be one of the best cost-cutting measures you can take to help reduce your monthly repayments.

Get a better rate

If your existing lender can’t match our super low rates, maybe it’s time to experience a better kind of home loan.

No mortgage prisoners

With our solution based range, even if you're a mortgage prisoner, we might just be able to help you save money.

So simple!

Get your personalised borrowing scenario before you commit to a home loan. Means we make sure we’re right for each other first.

Featured Well Money refinance investment loans

Rates worth talking about

Get lower rates from day 1 with our super-low rate home loans.

No unfair loyalty systems or unnecessary features. Just great features, at a great rate.

FEATURED "investor" refinance loan

Next Step Investor 60

5.81%

Interest rate p.a.

5.85%

Comparison rate p.a.

Complex option "investor" loan

Next Step Investor IO

5.96%

Interest rate p.a.

6.00%

Comparison rate p.a.

Get started with refinancing your loans

Get your personalised lending scenario

At Well Money, we’re here to make borrowing simple, personal, and stress-free. Fill in your details below, and one of our dedicated loan experts will reach out to guide you every step of the way—whether you’re buying, refinancing, or exploring your options.

Great rates, tailored solutions, and expert support are just a few clicks away. Take the first step today!

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Introduction to refinancing your home

Things to consider when refinancing

Now that you’re considering a change, Well Money might be the better option. Changing your home loan provider is often seen as a difficult and time consuming process. It doesn’t have to be and it can be well worth your while to review this every couple of years to make sure you’re getting a good rate.

Don’t worry, we’re here to help make sure that it’s not a messy break up and you stay in full control.

Decide why you want to leave your existing lender

Some of the more common scenarios that are perfect for you to refinance can include:

Finding a better rate to lessen your repayments (or keep them at your old level for faster payoff!).
To leverage some equity in your property.
Consolidate some other debts (within reason of course).
Access to more appropriate features for your stage of life.

Ensure you’re across the fees your old lender charges you

Most lenders will have a fee that is payable when you look to switch. So if you’re going to refinance with another lender, you will have to pay your current lender this fee. This will usually be included in the payout figure that you get from your old lender.

Is LMI Payable when you switch?

Your old mortgage may have had an LMI premium which you paid. When you switch you may have to pay a new LMI premium – which is usually payable depending on your LVR. Whilst it may be capitalised into your new loan, it’s another fee that you may need to pay.

Are you currently on a fixed rate?

If you’re currently on a fixed rate home loan, then this could be quite costly to switch. Every lender will have provisions for what’s known as a “Fixed Rate Break Cost”. It will be in your current loan contract and is paid to the lender if your fixed-rate expiry date hasn’t occurred yet. It’s not a known cost and is quoted at the time you request it from your current lender.

hello there

How to get started?

Once you’re ready to chat about a Well Money refinance home loan it only takes a few minutes to get started. Filling out our easy enquiry form (so that we can make sure you’re eligible) is all it takes!

At Well, it’s as personal as online gets.

Step 1

Enquire now

Enquire about saving on your home loans by filling out the enquiry form, booking an appointment online or using our livechat features.

Step 2

Talk to the experts

Once we've got your enquiry, we'll get you booked in with an expert who can chat to you about your home loan refinance options.

Step 3

Get approved

Once you've been approved, you'll be able to rest assured that you're ready to go with saving money in no time at all.

Step 4

Settlement!

Once you've settled your new home loan, you can start the process of thinking on what to do with the savings from your old loan.

Really important information

Things to consider

Not everybody is eligible for a bridging loan, so before you commit make sure you speak with us or your Well Certified Partner;
To be eligible you must be sure you can make repayments on both your existing loan and the bridging loan;
^You aren’t required to make payments on the bridging loan within the bridging period. This interest capitalised up to 6 months and added to the loan balance, which means you will pay interest on this interest;
If you chose to make extra repayments during the bridging period, there is no access to a redraw facility and you will not be able to access those funds later;
It is important you understand the market and are confident that you can sell your home and pay down the bridging loan within your agreed term of up to 6 months. If you don’t sell your home, when the bridging period ends you will be required to make repayments on both the existing home loan and new home loan;
You may need to hold savings to ensure you can cover all repayments during the bridging period;
If you’re approved for a bridging loan, during the term you may need to manage multiple repayments during the bridging period;
You may sell your current property for less than you expected, which will leave you with a higher loan balance than anticipated.

Got questions?

FAQ's about Bridging loans

How long do I have to sell?

You have a period of 6 months in order to sell your current property. You will need to have an unconditional contract of sale for the sale of your property.

What happens if I don't sell?

If the existing home has not been sold once the Bridging Finance period ends, repayments will be required on the new home loan in addition to repayments on the existing home loan.

What sort of repayments do I need to make?

Every loan is different! You will need to make repayments on a Principal and Interest basis, though the interest may be capitalised, i.e. added to the loan amount you will owe at the end of the bridging period once your property is sold. While you can make additional repayments during the bridging period, be aware that there is no redraw facility. You can also use an offset facility to minimise the amount of interest you are charged.

What about fees?

Fees should be transparent as we don’t like bill shock either!

Unlike other lenders, we don’t like to hide our fees in our rates. That’s just one of the many reasons why our home loan rates are some of the lowest in the market. We could just bump our rates up a little and say “no fees!” – but that’s just not us.

Fees charged by Well

Amount

Application fee:

(not built into our rates unlike other "fee-free" lenders with higher rates)

$250

Annual fee:

Offset account fee:

$395 / year (optional)

Discharge fee:

$300

Fees charged by third parties

Amount

Valuation fee:

from $300

(Well Money will arrange for quotes if required for unusual property(s))

Processing fee:

$150

Lender discharge fee:

$500

Solicitors document fee:

from $385

(depending on your loan structure - this is a reasonable estimate)

VOI fee:

from $49

(if required at Australia Post)

Government fees (refinance):

approx $260-$450

(These will vary by state but usually includes title rego, discharge of outgoing and title search costs)

Government fees (purchasing):

Property value dependent

(These will vary by state but usually includes title rego, discharge of outgoing and title search costs)

PEXA fee:

approx $60

(These will vary by state but usually includes title rego, discharge of outgoing and title search costs)

Real people, real savings.

Let’s get to know each other

Get in touch with the experts

Let’s make your journey simple! Whether you’re ready to take the next step or just have a question, our home loan experts are here to help. Book a time that suits you or give us a call—we’re ready to guide you every step of the way.

Experience the power of Knowledge.

Embark on your financial journey with WellHub, the Well Money Learning Centre. Discover expert tips, facts, and clever home loan strategies. Don’t miss out – dive into financial wisdom today!