Is 2026 the Right Time to Refinance Your Home Loan?

If you’re a homeowner in Australia, chances are you've noticed increasing interest rates, fluctuating loan structures and lenders offering competitive refinance deals. Because of that, many Australians are now asking one major question — “Should I refinance my home loan in 2026?”

Refinancing can help you reduce repayments, secure a better interest rate, access home equity or switch loan types. With the right lender and professional guidance, Australian borrowers can potentially save thousands over their mortgage term.

At PB Finance Group, our goal is to help you make an informed financial decision based on real savings, not assumptions.

Why Are Australians Refinancing in 2026?

Property prices, inflation and interest rate adjustments have reshaped the mortgage market. As a result, refinancing has become a smart financial strategy rather than just a loan change. Homeowners are refinancing to:

• Secure a better interest rate
• Reduce monthly repayments
• Switch from fixed to variable or vice versa
• Access equity for renovation or investment
• Consolidate high-interest debt

If you're paying more than necessary — refinancing could make a major difference.

How Much Can Refinancing Save?

The potential savings depend on several factors including loan size, interest rate difference, repayment type and remaining loan term. Below is an example showing the impact of refinancing:

Loan Amount	$650,000
Remaining Term	25 years
Current Rate	6.45%
New Rate (Example)	5.19%
Monthly Savings	$349
Annual Savings	$4,188
Estimated Lifetime Savings	$100,000+*

📌 Figures are examples only — every loan review is unique and based on your financial circumstances.

Understanding Refinancing Types

Not all refinance loans are the same. Depending on your current structure and financial goal, refinancing options may include:

• Variable Rate Loan: Flexible repayments with market-driven rate movement
• Fixed Rate Loan: Stability and predictable repayment amounts
• Split Loan: Balanced approach — security plus flexibility
• Offset & Redraw Features: Reduce interest and maintain access to funds

PB Finance Group compares hundreds of lender options to determine which loan structure best fits your goals.

Am I Eligible to Refinance?

Eligibility depends on your:

• Income stability
• Loan-to-value ratio (LVR)
• Credit score
• Outstanding debts
• Property equity

Even if you’ve had financial challenges in the past, you may still qualify for a refinance solution — especially through specialist or non-bank lenders.

Is Refinancing Worth It?

Refinancing becomes worthwhile when savings outweigh the costs. When we conduct a refinance assessment at PB Finance Group, we calculate:

• Estimated savings over remaining loan term
• Break cost or exit fee (if any)
• New lender setup and valuation fees
• Comparison rate difference

Most Australian homeowners refinance every 3–5 years.
If you haven’t reviewed your mortgage recently, you may be missing out on potential savings.

Government Schemes & Support

Certain programs and incentives may apply depending on borrower category — including first-time refinancers, single parents or those using equity release strategies. PB Finance Group will help check eligibility and guide you through applications if applicable.

Ready to Review Your Loan?

If you're considering refinancing in 2026, don’t guess — review. With access to a wide range of Australian lenders, we simplify the process and help compare, negotiate and secure a loan aligned with your financial goals.

📞 Call us today — +61 432 149 186
Or request a no-obligation refinance review.