Refinance your Home Loan

Get a better rate on your loan

Refinance your existing loan or switch lenders.

Refinance your home loan

Life changes and so should your home loan. With access to low standard and variable rates and loan options, Australians are choosing BCP Finance to cut costs and get a better rate on their home loan.

Backed by a wide range of lenders, we've got access to competitive rates and exclusive loan products to optimise your repayments, keep up with the current climate and get your loan to work for you.

BCP has been helping home owners just like you for over 25 years. Through every life change, we're here to help.

Our Difference

Personalisation

Creating personalised loan solutions that work with your unique needs, not against them.

Support

Support through every stage of the application process, with all negotiations and paperwork done for you.

Lifetime care

Dedicated care throughout the life of your loan, to keep your rate competitive and fit for life's changes.

Personalised solutions

We know your needs are unique, why should your loan be any different? With access to over 30 leading lenders, we work with your needs, finances and goals to build a personalised loan solution that doesn’t make you want to tear your hair out.

Every step of the way

We compare loan products, talk to lenders and manage your refinance from start to finish to switch you to a better rate, hassle free.

Loan Repayment Calculator

How much can you borrow?

Loan Repayment Calculator

How much can you borrow?

Frequently Asked Questions

A home loan is money borrowed from a lender to buy a house. You pay it back over time, including both the borrowed amount and interest. Eventually, you become the property owner.

Interest: When you borrow money for a home, the lender charges you interest. This is the cost of borrowing. The interest rate can be fixed (stays the same) or variable (changes over time). It’s essential to understand the interest terms before signing the loan agreement.

Loan Types: There are many types of home loans, such as fixed-rate, adjustable-rate, and government-assisted loans. Each has its pros and cons, so it’s crucial to choose the one that suits your financial situation.

Remember, the property you’re buying serves as collateral for the loan. If you fail to repay, the lender can take possession of the property.

A home loan is a significant commitment, so it’s essential to research, talk to your broker compare options, and make an informed decision.

To buy a home, you typically need a minimum deposit of 5% of the property’s value. Here’s how it works:

Minimum Deposit: Most lenders (including major banks) accept a 5% deposit if you’re willing to pay lender’s mortgage insurance (LMI) and have a strong application. This means having a good credit score, steady income, and solid employment history. This type of loan is called a low-deposit home loan.

Avoiding LMI: To avoid LMI, aim for a deposit of at least 20% of the property’s value. Lenders generally consider loans with an LVR (loan-to-value ratio) over 80% to be riskier.

The amount you can borrow varies depending on a range of factors, like your income, credit score and debt-to-income ratio. Estimate your borrowing capacity now with our Borrowing Calculator.

It’s tough to determine which bank is right for you. Many banks offer loan products you may not know about or have access to without Broker assistance.
That’s why we offer a free home loan health check to discuss your current situation and future aspirations to help you make the right choice.

A refinance involves replacing your current mortgage with a new one. It’s typically done
to get a lower interest rate, change loan terms, or access home equity. Refinancing can save you money or help with home improvements. Discover your refinance options.

Rates vary from lender to lender and can differ based on the type of loan and your qualifications. Discover your options by chatting with our brokers today.

A mortgage broker acts as a bridge between you (the borrower) and the lender (the bank) to help you secure the best loan for your needs. Unlike a bank, mortgage brokers have access to a wide pool of lenders they can choose from and often find better deals than if you approached a bank directly. Mortgage brokers save you time by handling the comparisons and applications and understand the market dynamics to help you make informed decisions. Learn about our brokers and discover your options, today.

Stamp duty is a tax that buyers pay when they engage in specific transactions, such as purchasing property. Unlike the seller, the buyer is responsible for paying this tax. The rates differ across states, and some states provide special benefits or concessions to first-time homebuyers.

The First Home Owner Grant is a one-off payment to encourage and assist first-home buyers in purchasing or building a new residential property. The grant voids stamp duty and LMI costs to make entering the market more achievable. The grant amount varies by state and territory. Talk to a broker to discuss your options.

Our brokers are available after hours, both in-person and over the phone, at a time and place that best suits you. Unlike your bank, we’re flexible to your schedule and can even come to you. You’ll never wait on hold, or talk to multiple people. We’re here when you need us, as it should be.

Mortgage Brokers:
Have access to multiple lenders and rates, and can compare rates and loan products for you across the board.
We work closely with you to understand your needs, and you will always have a single dedicated broker for your loan.
There’s no cost to you, we don’t take upfronts and there are no hidden charges. Chat with us today to see how we can help you.

Banks:
Banks are a single lender with restricted rates. They have loan products, but can only offer their own, not any from other banks.
Banks make you wait on hold, then talk to a computer. Your loan manager may also change multiple times over the course of your interaction. Banks will charge management fees and there are  hidden costs that can pop up along the way.

1. ANALYSE YOUR NEEDS
We get to know you, your current needs, home dreams and future goals.

2. BUILD A STRATEGY
We discuss your current position,
overheads and expenses to build a loan strategy that works best.

3. EXPLORE YOUR OPTIONS
We explore options across the loan market to identify your borrowing capacity and repayment structure.

4. SECURE YOUR FUNDING
We provide expert advice and guidance every step of the way to secure the loan that’s right for you.

Experts in free-thinking finance

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