Refinancing swaps an existing home loan for a new facility—usually to secure a lower rate, consolidate higher-rate debts or switch features such as offset, redraw or interest-only. We begin with a cost-benefit analysis, factoring break costs, fixed-rate penalties and any cash-back incentives. If savings outweigh costs, we lodge the refinance application, obtain formal approval and manage the discharge from the outgoing lender. Loan proceeds clear your old balance and, where requested, pay out credit-cards or personal loans; the consolidated amount amortises over the remaining term or a reset term of your choosing. New repayments start on the next schedule—weekly, fortnightly or monthly. Typical turnaround: five to ten business days from submission to formal approval.