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Mortgage Switching Calculator for Australia

Switching your mortgage to another bank could save you thousands over time. Our mortgage switching calculator shows you how much you can save if you switch your mortgage to another bank or refinance with a new lender.

Simple Calculator. Smarter Switching. Bigger Savings.

What is Mortgage Switching & Why Use This Calculator?

Your current home loan might not be giving you the best deal anymore. Interest rates change, banks update offers, and your financial goals evolve. That’s where switching comes in.

When you switch mortgages, you move your loan from your current lender to another bank or financial institution offering better rates, terms, or features. Our calculator makes it easy to see potential savings and costs upfront—helping you decide if it’s worth making the move.

Things you should know

Frequently Asked Questions

Clear answers to common questions about switching mortgage to another bank.
Yes. When you switch your mortgage to another bank with lower rates, you may choose to keep repayments the same as before. This means more of your payment goes towards the principal, helping you pay off your home loan sooner.
Many Australian banks and lenders offer cashback incentives (sometimes up to $4,000) for refinancing. While this can be attractive, it’s important to also compare long-term interest rates and loan features, not just the bonus.
Yes, refinancing involves a new credit enquiry, which may slightly impact your score. However, if switching helps you repay faster or manage debt better, it can improve your credit health in the long run.
You’ll typically need proof of income (payslips, tax returns), ID documents, recent loan statements, and property details. Some lenders may also request updated property valuations before approving the switch.
Yes. In fact, having equity often makes it easier to refinance. You can use that equity to access better deals, consolidate debts, or fund renovations while switching.
Apart from discharge fees and application costs, watch out for valuation fees, settlement fees, and potential break costs if you’re leaving a fixed-rate loan early. Always calculate both savings and switching costs.
Sometimes negotiating with your current lender is enough to secure a lower rate. But if they won’t match market offers, switching mortgages to another bank may save you more in the long run.
Experts recommend reviewing your mortgage every 12–24 months. Even a 0.25% difference in interest rate can save thousands over the life of your loan, so regular reviews are crucial.

All the Calculators You’ll Ever Need

From loan repayments to borrowing power, stamp duty to property buying costs—our free calculators give you the full picture.

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Should I buy or rent?

Ready to Find Out If Switching Saves You Money?

Use our free mortgage switching calculator today and discover whether it’s time to switch mortgage and start saving.

Mortgage Broker in Point Cook

Credit Hub Australia

About the role

Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.

In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.

“Position is for Mortgage broker on commission/contract basis.”

What you'll be doing
  • You will develop and expand network with our help.
  • Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.

  • You will act on leads and existing database as provided and generate sales and ongoing relations.

  • Actively participate in team meetings and contribute to the overall success of the business

What we're looking for
  • You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.

  • In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.

  • Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.

  • A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.

  • Self-motivated and capable of working independently, while also thriving in a collaborative team environment.

  • Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.

  • Ability to manage multiple tasks, stay organized, and work reliably without supervision.

  • A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.

What we offer

At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:

  • Competitive remuneration and performance-based bonuses
  • Ongoing training and professional development opportunities
  • Flexible work arrangements and a positive work-life balance
About us

Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group. 

If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.

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