Every Month You Overpay In Interest On Your Mortgage, You're Literally Burning Money.
The average Australian homeowner overpays $647 a month in interest - $7,764 a year - simply by staying with their original lender. We compare 35+ lenders and negotiate hard to close that gap.
No cost. No obligation.
SOURCE: Finder.com.au (Dec, 2025)
THE HARD TRUTH - Your Bank Is Betting You Won't Leave
Here's how banks actually make money from you: they hook you with a sharp "honeymoon rate" to win your business. Then, 1–3 years later, you quietly roll onto a higher standard variable rate. Your repayments jump by $200, $400, even $600 a month — and the bank is counting on you not noticing. Or not bothering.
This isn't an oversight. It's their business model. Banks make billions from customer inertia — they know most borrowers stick with the same loan for 7–10 years, even when they're paying rates 0.5–1.5% higher than what's available elsewhere.
That's exactly where Lender Edge comes in. We compare your current loan against 35+ lenders. If you're overpaying, we'll negotiate hard to fix it. If you're not, we'll tell you to stay put. Either way, you'll know exactly where you stand.
Think refinancing isn't for you? Check this list first.
You've been with your lender for more than 2 years and never renegotiated — loyalty doesn't pay in banking, and your rate probably shows it.
You've never switched since taking out your loan — chances are you're sitting on an expensive standard variable rate.
Your property has gone up in value since you bought — you may be able to cut LMI or unlock equity you didn't know you had.
You're carrying high-interest debt — credit cards, personal loans, car loans — that could be rolled into your mortgage at a fraction of the rate.
You want to access equity for renovations, an investment property, or something else — and you want to do it smartly.
Your financial situation has improved since you first borrowed — you likely qualify for better rates than you're currently paying.
You're still paying lenders mortgage insurance but now have 20%+ equity — refinancing could eliminate it entirely.
If any of these sound familiar, a free Mortgage Health Check could be the most useful 60 minutes you've spent all year.
WHAT WE'LL FIND FOR YOU
LOWER RATES Most refinance clients save 0.5–1.2% on their interest rate. On a $500,000 loan, that's $2,500–$6,000 a year back in your pocket — for renovations, investments, holidays, or simply paying down your mortgage faster. That's the kind of saving your bank wasn't going to mention.
BETTER FEATURES A basic loan with a low rate is fine. A well-structured loan with a low rate is better. We look beyond the headline number to make sure you're getting features that actually do something: 100% offset account, unlimited extra repayments with no penalties, free redraw, portability, and split loan options where they make sense.
ACCESS EQUITY If your property has gone up in value, you're sitting on money you can actually use. We'll help you access it for renovations, an investment property deposit, debt consolidation, or a financial safety net — and structure it so it makes sense on paper, not just in theory.
DEBT CONSOLIDATION Juggling a credit card at 20%, a car loan at 9%, and a personal loan at 12% is expensive and stressful. Roll it all into one mortgage at a fraction of those rates — one repayment, one lender, and hundreds of dollars a month back in your pocket.
FASTER PAYOFF Here's a move most people don't think about: refinance to a lower rate, keep paying the same amount you're paying now, and watch the years fall off your loan. A 0.5% rate cut on a $500,000 loan could shave 3–4 years off your mortgage. That's real money saved over time — not just a better monthly number.
THE PROCESS
Step 1 — The Health Check (60 minutes). We look at your current loan, your finances, and what you're actually paying. We run the numbers and tell you honestly what's possible. If refinancing doesn't stack up, we'll say so.
Step 2 — We do the comparing. While you get on with your life, we compare hundreds of products across 35+ lenders — chasing the sharpest rates, the best features, and the lowest total cost over your loan term.
Step 3 — We show you the options. Your top 3 recommendations, side by side: your current loan vs the alternatives. Rates, fees, features, total cost. No guesswork, no fine print surprises.
Step 4 — We handle the paperwork (2–4 weeks). Once you pick, we manage everything — the application, your current lender's payout figures, the new lender's approval, conveyancing, and settlement. You sign a few documents. We do the rest.
Step 5 — You start saving. New rate. Better features. More of your money stays where it belongs — in your pocket.
Our Refinancing Promise
✓ We'll tell you the truth — if staying put makes more sense, we'll say so. No pressure, no spin.
✓ We'll show you the numbers — exact savings, exact costs, exact break-even point. Laid out clearly.
✓ We'll do the heavy lifting — most clients spend less than 2 hours total on the whole process.
✓ We'll get you approved — we know which lenders will say yes to your situation before we even apply.
✓ We'll stay available — rate reviews, advice, and support for the life of your loan. Not just at settlement.
No obligation. No pressure. No hidden fees. If we can't save you money, you've lost nothing but 60 minutes.
"But What About..."
"I don't want to restart my 30-year loan term." You won't. We refinance you on your remaining term — if you've got 22 years left, your new loan is 22 years. And if your new rate is lower, we can structure it so you keep your current repayment amount and pay the whole thing off even faster.
"I'm in a fixed-rate period with break costs." Break costs can be significant, but they're not always a dealbreaker. We'll calculate the exact cost, compare it against what you'd save, and give you an honest recommendation — refinance now, or wait it out. Your call.
"Refinancing sounds like too much work." For you, it's two short conversations and a few signatures. We handle everything else — comparisons, applications, negotiations, paperwork, coordination. Most clients spend less than 2 hours on the entire thing.
"I don't want to leave my bank. I've been with them for years." We get it. But here's the reality: banks don't price loyalty. Your 10-year relationship means nothing to their system — meanwhile, new customers are often getting rates 0.5–1% better than yours. At the very least, let us show you exactly what that loyalty is costing you.