Refinance Mortgage Broker in Melbourne
Refinance Made Easy
If it has been a couple of years since you last reviewed your home loan, you may not be getting the best deal available. You can definitely change that to your advantage.
Oscar&Charles is a trusted refinance mortgage broker in Melbourne that will help you compare your current loan against 90+ lenders. We’ll help you switch to a better rate, a more effective loan structure, or features your current loan may lack.
We’re based in Williamstown and work with homeowners and investors across Melbourne.
Ready to start your financing journey?
0411825257
20 Years
In Australian banking & finance
90+
Trusted lenders on our panel
4,200+
Customers throughout Melbourne
Why Refinancing Deserves A Second Glance
Life is constantly changing, and your home or business loan should be able to adapt as well. As a remortgage broker for 20 years, we’ve seen many reasons Melbourne locals come to us for refinancing. Here are some of them:
Your fixed rate is ending
When your fixed term ends, you typically move to a standard variable rate, which may not be the most competitive option available. It’s wise to check your rate before this transition occurs, rather than after.
You haven't reviewed your loan in a while
It's a good practice to review your home loan every one to two years, even if there haven’t been significant changes in your life. Lenders typically don’t reach out to inform you about better deals. That's our job.
Your circumstances changed
Life events like starting a new job, welcoming a growing family, going through a separation, or simply years of consistent saving can all affect what loan best suits your current needs. The loan you secured five years ago might no longer align with your situation today.
You want to consolidate debt
Combining higher-interest debts, such as credit cards or personal loans, into your mortgage can simplify your payments and lower the overall interest you pay.
You want to access equity
If your property has increased in value or you’ve paid down a significant portion of your loan, you may have equity that you can utilise for renovations, an investment property, or other major goals.
You want to change loan structure/terms
Some people aim to pay off their loan more quickly, while others may prefer to extend the loan term or switch to interest-only payments for a period. Refinancing offers the opportunity to realign your loan structure with your financial goals.
How Refinancing Works with Oscar&Charles
Refinancing may seem complex, but we simplify the process from start to finish. Here’s how we do it:
We look at your existing loan, interest rate, loan structure, features, and your overall goals.
We check your loan and compare it to explore various options across our panel of lenders, rather than limiting ourselves to just one or two banks.
We provide a clear overview of your choices, including the pros and cons of each option. This way, you can decide if it’s better to stay with your current lender and renegotiate or switch to a new one.
Once you’ve decided on a direction, we take care of all the paperwork and communicate with the lender on your behalf.
Your new lender pays out your existing loan, and your new repayments begin. We ensure the transition goes smoothly.
We don’t just disappear after the refinancing. We follow up to ensure your loan continues to meet your needs and remains manageable.
Meet Your Melbourne Refinance Broker
Justin Shiong is the founder of Oscar&Charles.
With 20 years of experience in banking and finance, Justin has worked in both residential and corporate lending. He has witnessed firsthand how often individuals find themselves on loans that no longer suit their needs, simply because no one brought it to their attention.
This is the gap that Justin aimed to fill when he established Oscar&Charles.
When you work with Oscar&Charles, you will benefit from a hands-on approach with an experienced refinance mortgage broker whom homeowners and investors across Melbourne trust for their refinancing needs, especially when it’s time to review their loans.
Ready to know where you stand with your refinancing?
90+ Lenders We Trust Since 2018
We’ve worked with this panel of lenders since 2018, long enough to know exactly how each one operates. That’s what lets us match you with the right lender, not just any lender.
Discover Your New Refinance Rates
Are you curious about how refinancing could affect your repayments?
Our Mortgage Switching Calculator provides a quick and no-obligation estimate, giving you a general idea of what your new rates might be before you make a call or fill out any forms.
What Our Refinancing Clients Say
Don’t just take our word for it. These are real reviews from Williamstown locals that turned into real outcomes.
Frequently Asked Questions
How does refinancing a home loan work in Melbourne?
Refinancing means replacing your current home loan with a new one, either with a different lender or a better deal from your existing one.
As your refinance mortgage broker in Melbourne, we review your current loan, compare it against suitable options on our lender panel, and manage the application through to settlement on your behalf.
How much does it cost to refinance a mortgage?
Refinancing isn’t free, and it’s worth going in with clear eyes about that.
But depending on your situation, you may come across:
- A discharge fee from your current lender
- Application or valuation fees with your new lender
- Government charges
- Break costs, if you’re refinancing out of a fixed rate early
- Lenders Mortgage Insurance, if your equity is under roughly 20%
Here’s the honest bit that some refinance offers skip: a lower rate doesn’t automatically mean a saving. Once you account for these costs and the remaining length of your loan, a “cheaper” rate can sometimes cost more overall.
That’s exactly why, as 5-star refinance brokers in Melbourne, we check before recommending a switch.
If refinancing doesn’t genuinely put you ahead, we’ll tell you.
What if I want to refinance my investment property in Melbourne?
Refinancing an investment loan isn’t quite the same process as refinancing your own home, and it’s worth understanding the difference before you start comparing rates between lenders.
Lenders assess investment loans differently.
Rental income, your overall portfolio, and how the lender treats existing debt across multiple properties all affect what you can borrow and at what rate.
If you’re planning to expand your portfolio, refinancing can also be a way to access equity in an existing property to fund your next purchase, rather than saving a fresh deposit from scratch.
There’s also the question of loan type. Some investors prefer interest-only repayments to improve cash flow, while others prioritise paying down the loan faster. And if you hold more than one property, it’s worth reviewing whether your loans are cross-collateralised (tied together as security) or held separately, since that structure affects your flexibility down the track.
If you’re self-employed, hold multiple properties, or your income is more complex than a standard payslip, that’s exactly the kind of scenario a broker earns their fee on.
As a trusted refinance mortgage broker in Melbourne, we’ll take the time to understand your full position before recommending anything.
When is the right time to refinance my home loan?
There’s no single right moment, but common triggers include a fixed rate ending, a change in your circumstances, or simply not having reviewed your loan in the last year or two.
As a rule of thumb, it’s worth having your loan checked regularly by a refinance home loan mortgage broker in Melbourne, whether or not you end up switching.
What's the difference between refinancing and repricing?
Refinancing involves switching to a new lender, while repricing means negotiating a better deal with your current lender. Oscar&Charles, as a dedicated refinance broker in Melbourne, evaluates both options to help you determine which one is the best fit for you.
Can I refinance my investment property?
Yes! But investment loans are assessed differently than owner-occupier loans, as they take into account rental income and your overall portfolio.
If you’re looking to access equity to expand your portfolio, refinancing is often a key part of that strategy. A mortgage broker specialising in refinancing can assist you with your investment property in Melbourne.
How much equity do I need to refinance?
It depends on the lender and the loan, but generally, the more equity you have, the more options and better rates you’ll be eligible for.
But if your equity is under roughly 20%, Lenders Mortgage Insurance may apply.
If you’re looking to refinance your home loan for your Melbourne property, we’ll help you assess where you stand and explore your options.
Will refinancing affect my credit score?
A formal application will involve a credit check, which can have a small, temporary impact on your credit score. As an effective refinance broker in Melbourne, we’ll only put an application forward once we’re confident it’s the right move for you, rather than shopping your file around multiple lenders unnecessarily and affecting your credit score.
How long does refinancing take?
Refinancing loans in Melbourne and anywhere else in Australia varies depending on your lender and how straightforward your situation is. But don’t worry, we manage the process closely to keep things moving and keep you informed at every stage.
Ready to Refinance with a Trusted Mortgage Broker in Melbourne?
A quick conversation is all it takes to find out whether refinancing could put you ahead. Justin will take an honest look at your options and point you in the right direction. No obligation, no pressure.
Prefer to call? You may reach out to Justin directly on 0411825257.