Skip to main content

Looking to refinance?

Get more than a better deal with Homestar Finance.

5.99
% p.a.
Interest rate1a
5.99
% p.a.
Comparison rate1a,2
6.39
% p.a.
Interest rate1b
6.42
% p.a.
Comparison rate1b,2

Great rates. Great savings. Great service.

Want to save money with lower interest rates? Like more flexibility?
Need to access equity in your property? Talk to our team about refinancing today.

At Homestar Finance, we help property owners get a better deal
– with market leading rates, personalised service
and loans packed with features (not fees).

6 great reasons to refinance with Homestar Finance

Yellow check icon

Market-leading rates

We offer competitive rates to suit all refinancing needs.
View latest rates.

Yellow check icon

Say goodbye to pesky fees

No application fee, no annual fee, no monthly fee, and no offset fees.

Yellow check icon

Managing your finances is a breeze

Be in control of your money with our online platform, digital wallet and Visa Debit Card.

Yellow check icon

Smooth and easy application process

All wrapped up in just a few days with the help of your dedicated loan specialist.

Yellow check icon

You call the shots

Pay fortnightly or weekly over monthly and save. Repay extra any time.

Yellow check icon

Bonus features to help you thrive

Split your loan into multiple portions and get up to four free offset accounts.

A quick look at your options

Our market-leading mortgage options are simple to understand and easy to navigate. Plus, our friendly team of dedicated loan specialists can help find an option that’s perfect for you.

Star Classic

UP TO 70% LVR

Variable principal & interest

5.99
% p.a.
Interest rate1
5.99
% p.a.
Comparison rate1,2
  • Up to 70% LVR
  • Weekly, fortnightly or monthly repayments
  • Free online redraws
  • Offset account and Visa Debit card
  • Unrestricted extra repayments
  • Multiple loan splits
  • Pay anyone, BPAY® and digital wallet payments
  • Schedule recurring payments or transfers
Find out more

Star Classic

UP TO 80% LVR

Variable principal & interest

6.09
% p.a.
Interest rate1
6.09
% p.a.
Comparison rate1,2
  • Up to 80% LVR
  • Weekly, fortnightly or monthly repayments
  • Free online redraws
  • Offset account and Visa Debit card
  • Unrestricted extra repayments
  • Multiple loan splits
  • Pay anyone, BPAY® and digital wallet payments
  • Schedule recurring payments or transfers
Find out more

Star Classic

UP TO 90% LVR

Variable principal & interest

6.54
% p.a.
Interest rate1
6.54
% p.a.
Comparison rate1,2
  • Up to 90% LVR
  • Weekly, fortnightly or monthly repayments
  • Free online redraws
  • Offset account and Visa Debit card
  • Unrestricted extra repayments
  • Multiple loan splits
  • Pay anyone, BPAY® and digital wallet payments
  • Schedule recurring payments or transfers
Find out more

Star Classic

UP TO 80% LVR

Variable principal & interest

6.39
% p.a.
Interest rate1
6.42
% p.a.
Comparison rate1,2
  • Up to 90% LVR - above rate is for 80% LVR
  • Unlimited extra repayments
  • Weekly, fortnightly or monthly repayments
  • Up to four offset accounts
  • Pay anyone, BPAY® and digital wallet payments
  • Visa Debit card
  • Multiple loan splits
  • Schedule recurring payments or transfers
Find out more

Star Classic

UP TO 80% LVR

Interest only

6.79
% p.a.
Interest rate1
6.82
% p.a.
Comparison rate1,2
  • Up to 90% LVR - above rate is for 80% LVR
  • Up to 5-year interest only term
  • Monthly repayments
  • Up to four offset accounts
  • Pay anyone, BPAY® and digital wallet payments
  • Visa Debit card
  • Multiple loan splits
  • Schedule recurring payments or transfers
Find out more

Star Classic Fixed

UP TO 80% LVR

Fixed principal & interest

7.35
% p.a.
Interest rate1
6.52
% p.a.
Comparison rate1,2
  • Up to 80% LVR and 1 to 5-year terms available
  • Extra repayments up to 20k p.a.
  • Weekly, fortnightly or monthly repayments
  • Offset account: Max $20k p.a. balance
  • Pay anyone, BPAY® and digital wallet payments
  • Visa Debit card
  • Multiple loan splits
  • Schedule recurring payments or transfers
Find out more
A person in a yellow sweater and headphones sitting at a desk with a laptop, a cup, and various plants around in a room with art on the walls.

Need help with refinancing?

Contact our friendly team or fill in this form and we’ll get back to you pronto.

Get a better deal in 3 steps

Step 1, 2, and 3

Talk to us about options

Our friendly team can help you find the right solution for your refinancing needs.

Apply in under 15 mins

Gather your documents to make the application as smooth as possible.

Get fast approval

If you meet certain criteria, you could be eligible for an extra speedy approval.

Get a better deal in 3 steps

Step 1, 2, and 3

Talk to us about options

Our friendly team can help you find the right solution for your refinancing needs.

Refinance calculator

Apply in under 15 mins

Gather your documents to make the application as smooth as possible.

Document checklist

Get fast approval

If you meet certain criteria, you could be eligible for an extra speedy approval.

Find out more

Award-winning lending solutions since 2004

Australians deserve a better deal. That’s why we’ve been challenging the market and rewriting the rulebook, since 2004.

By listening and understanding what’s important to property owners, we’ve developed a customer focused approach that helps thousands of property owners feel in control and save money every day.

Multiple Award

Winning Lender


Canstar Outstanding Value Home Loan Awards 2021 & 2022

Mozo Experts Choice Award 2023

Rate city awards

Get more than a better deal with Homestar Finance.

For great rates, great savings and great service, Homestar Finance has you covered. Fill in your details to connect with a dedicated lending specialist who will guide you through your refinancing options

    Home loan enquiry

    Get started. Want to apply or have a chat? Complete the form below, and we’ll contact you within 24 hours.








    Frequently Asked Questions

    What is refinancing?

    Refinancing works by taking out a new home loan to replace your current loan – this might be with your current lender, or a different one. There are different types of refinancing based on your needs and goal, but they all follow a similar process.

    Check out this article on What is Refinancing?

    Should I refinance my home loan?

    To get a better interest rate
    Reducing their interest rate is the primary reason borrowers opt to refinance. If interest rates have gone down since you initially signed up for your loan, you could move to a loan with a lower interest rate and pay less in monthly interest repayments. Perhaps you have come off a fixed interest rate and the variable rate you have moved to is higher than other rates in the market. It would be a good idea to research loans to get a better deal.

    Remember that refinancing does involve some costs, so you need to weigh up all the costs with the potential savings to make sure it’s worth changing.

    Check out the Homestar Finance refinance calculator for an easy way to compare numbers side by side.

    To change between fixed rate and variable rate
    Fixed-rate mortgages are good for borrowers who want the security of knowing how much their repayments will be for an extended period. Lenders usually offer fixed rates for short periods of time, typically between one and five years. The disadvantage of a fixed rate is that interest rates may go down while your rate is fixed leaving you on a higher interest rate until your fixed rate term is up.

    Variable rates, on the other hand, can change with the market which means you will be able to benefit if the market rate drops. However, this does mean repayments can be a little unpredictable over the long term, especially if market rates rise.

    To shorten the loan term
    A home loan is a long commitment, with terms up to 30 or even 40 years. During that amount of time, things often change and it’s likely that your financial situation could improve over time. If you have the available cash flow, refinancing could potentially shave years off your loan contract.

    Refinancing your loan so you have a shorter term would generally result in a higher repayment amount, but the overall interest you pay would likely be less over the course of the loan. Pair that with seeking a better deal on interest rates, and the trade-off could be worth it.

    To access the equity in your property
    Leveraging the equity you already have in your home by refinancing is a popular way to borrow a lump sum of money without paying higher interest rates often associated with other borrowing options like a personal loan or credit card.

    Refinancing to access equity involves taking out a larger loan to gain instant access to the difference in cash. For example, say your original home loan was $600,000 and you’d paid off $75,000 of it, you may be eligible to take out a new loan of $675,000 and make use of the difference in cash.

    You’ll find more information in our Blog article Should I Refinance My Home Loan?

    Cash-out refinance loan
    This type of refinancing refers to taking out a new loan amount larger than your current mortgage to “cash out” the equity that you already hold in the property. By taking out a larger loan you can withdraw the difference in cash to use for other purposes – for example renovations, debt consolidation or other asset acquisitions.

    When can I refinance my home loan?

    Before you refinance your home loan or property loan, you need to think about whether you meet the eligibility criteria. Consider the following personal and economic factors or talk to one of the friendly team at Homestar Finance.

    Are you looking to sell or buy another property?
    If you are thinking of selling your property, buying another property or your life circumstances have changed, it may be good time to seek out and assess the refinancing opportunities that are available to you as well.

    Check out our Blog article When can you Refinance a Home loan?

    How much equity do I need to refinance?

    Since your equity essentially serves as your deposit when refinancing your home loan, 20% is usually the industry standard required. This means that if your property valuation is $800,000, you must have less than $640,000 remaining on your loan balance.

    It is still possible to qualify for a refinance even if you hold less than 20% equity. We will apply a lender paid Lenders Mortgage Insurance (LMI) premium in these circumstances, allowing homeowners the flexibility to refinance.

    How to refinance a home loan?

    Research what’s available. The first step is to research current interest rates and loan terms and compare features and benefits of other loans to make sure you are aware of what is available. The friendly team at Homestar Finance is on hand to help if you have any questions. Or you can check out our handy refinance calculator.

    Understand the costs involved. Next you need to make sure you are familiar with any costs associated with leaving your current home loan provider during the loan term, this could include discharge fees, early exit fees or break cost fee if you are on a fixed-rate loan contract. The new home loan will also attract its own fees for set-up and establishment.

    Apply for the loan. Once you’re happy with your choice, you simply apply. Most home loan providers will allow you to apply online and you will need to provide the same documentation as when you lodged your first mortgage application.

    Approval and signing of contract. The lender will then conduct a property valuation to see if the value of your house has changed since your first mortgage. If you meet all the eligibility criteria, they will approve you for a home loan refinance and will forward through the necessary forms and contracts for you to proceed.

    You’ll find more information in our Blog article How to Refinance a Home loan

    At Homestar Finance, we make sure our customers have access to all the information they need to make the best decision for their home loan journey. Contact the friendly team.

    What are the home loan refinance costs?

    It’s important to find out the costs involved with refinancing. Some of the main ones to think about could include:

    Discharge fee. An administration fee paid to your current loan provider to release the existing home loan in full and prepare required documentation for the new lender

    Application fee. A fee charged by some lenders to apply for a new home loan.

    Break fee. If you’re contracted under a fixed-rate home loan, you may be subject to additional fees if you look to refinance and break the contract within the fixed term.

    Valuation fees. This is a fee charged by the new loan provider when they are required to assess the current value of your property prior to approving the loan.

    Ongoing fees. Certain lenders will charge an ongoing annual fee. It’s important to check if your current or new provider charges monthly or ongoing fees and if this will affect your exit fees.

    LMI (Lenders Mortgage Insurance). If your equity in the property is less than 20%, your new lender may charge you for insurance as a safety net.

    At Homestar Finance, we help you avoid fees – we don’t charge an application fee, annual fee, monthly fees or fees for redraw. Talk to our friendly team.

    How long does it take to refinance a home loan?

    This differs from lender to lender and can be anything from 1 week to 2 months and may depend on the following:

    • How quickly you provided the necessary documentation
    • How comprehensive your application is
    • The length of the review process for your new provider

    At Homestar Finance, our dedicated loan specialists are there to make your experience as straightforward as possible. Contact the team on 1300 231 948.

    Discover more in our Blog article How Long Does it Take to Refinance a Home Loan

    What happens to my redraw when I refinance?

    When you refinance, you can opt to either extract the available funds and refinance with the total amount (loan balance + redraw balance), or you can leave the redraw balance untouched and deduct it from the total loan amount.

    Read more in our Blog article What Happens to My Redraw When I Refinance?

    What are the tax implications for refinancing an investment property in Australia?

    Most costs associated with refinancing can be claimed under tax deductions when it comes to investment properties. Exit fees and borrowing costs such as loan application fees, legal fees, LMI, refinance stamp duty are all tax-deductible. We recommend you talk to your accountant about your own situation before making any decisions.

    Find out more in our Blog article Investment Property Tax Deductions: What Can I Claim on Tax?

    What should I consider before changing home loan lenders?

    The main things to consider are the loan product options available, fees and other associated costs and whether refinancing your home loan would prove to be financially beneficial.

    Read more in our Blog article 4 Common Refinancing Mistakes to Avoid

    What does all the jargon associated with home loans mean?

    It can seem as though home loans have almost a language of their own, with so many financial references. If you need clarification, we are here to help.

    In the meantime, our Frequently asked questions page can be useful.

    Our disclaimers

    1 Rates shown apply to new eligible Owner Occupieda or Investmentb home loans only, up to 80% LVR, loan amounts up to 2,000,000 and at least one applicant is on PAYG employment. Rates are subject to change without notice. Existing borrowers may have different interest rates which are dependent on the rate offered to the borrower at the date when a home loan settled and any reductions or increases the lender decided to make on the existing loan over time. Accordingly, there is not one standard variable rate that applies to all Homestar Finance home loans and existing customers can confirm their current rate(s) by logging in to internet banking or by contacting customer service. Terms, conditions, and eligibility criteria apply.

    2 Comparison rates are based on a basic Homestar Finance loan, on a $150,000 loan amount over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    3Third party cost(s) incurred by service provider(s) are payable and may vary or increase depending on the service provider, nature of the service and request. Any additional cost(s) are passed on directly to the applicants(s). If there is a variation or an increase, a separate quote will be provided.

    4Disbursements may also be payable.

    5Rates shown apply to new eligible Owner Occupieda or Investmentb home loans only, up to 80% LVR, loan amounts up to 2,000,000 and at least one applicant is on PAYG employment. Rates are subject to change without notice. Existing borrowers may have different interest rates which are dependent on the rate offered to the borrower at the date when a home loan settled and any reductions or increases the lender decided to make on the existing loan over time. Accordingly, there is not one standard variable rate that applies to all Homestar Finance home loans and existing customers can confirm their current rate(s) by logging in to internet banking or by contacting customer service. Terms, conditions, and eligibility criteria apply.

    Other fees and charges may apply.

    DISCLAIMER: Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Information valid as at 18th April 2024 which is subject to change without notice. Please consider if the product is appropriate for your individual circumstances. If you need assistance or have any questions about a product or feature and its suitability, please contact our Loan Specialists.

    Registered to BPAY Pty Ltd ABN 69 079 137 518