Refinance Your Home Loan in Perth - Stop Paying Too Much

A 0.5% rate cut on a $600,000 home loan saves around $60,000 over 25 years. So why are most Perth homeowners still paying old rates? Because lenders quietly leave existing customers on outdated pricing while offering sharper deals to new borrowers. It's called the loyalty tax, and it costs Australian households billions every year.

Launch Finance offers a free Home Loan Health Check. No obligation. We compare your current rate against today's market across our wide Perth lender panel and tell you exactly what you could save.

5 reasons Perth borrowers refinance

• Lower interest rate. Escape the loyalty tax most banks charge existing customers
• Modern features. Offset accounts, free redraw, split structures
• Debt consolidation. Roll credit cards, personal loans and car finance into your mortgage
• Equity release. Fund a renovation or investment property deposit
• Switch fixed or variable. Restructure as the rate cycle changes

When does refinancing make sense?

Review your home loan every two to three years, or whenever your fixed rate term is ending. Refinancing is worth considering if your current rate is more than 0.5% above current market offers, your circumstances have changed (income, family, equity position), or you want to access equity for a renovation or investment. We tell you the exact dollar saving for your situation before you commit.

What does refinancing actually cost?

Common costs include a discharge fee from your current lender ($200 to $500), a property valuation (often free for refinances), and government mortgage registration fees (around $200 each in WA). Many lenders offer cashback incentives of $2,000 to $4,000 that more than cover these costs. We factor every cost into your savings calculation.

The honest part

We compare your loan against hundreds of products, factor in any cashback offers (often $2,000 to $4,000), calculate any break costs upfront, and only recommend a switch if it genuinely stacks up.

Call 08 9367 4222 for your free Home Loan Health Check today.