refinance your home loan - Home Loan Services - Ryro Loan Centre

Refinancing Home Loans | Get up to $4k* cashback when you refinance with us


In today’s uncertain economic climate, it is more important than ever to be proactive with your finances and take action on financial decisions that may affect you in the future. One such decision to consider is refinancing your mortgage loans.

A recent survey by Canstar found that 1 in 5 Australian homeowners are considering refinancing their home loan. With interest rates at historic lows and a booming property market, it’s no wonder that so many people are looking to refinance.

We’ve helped thousands of people refinance their mortgages and we can help you too! You might be thinking, “I don’t want to go through all that hassle again.” But it doesn’t have to be difficult at all! With us, your refinancing process will be easier and more rewarding.

Read this article to understand all about refinancing.

What is Refinancing?

Refinancing is the process of taking out a new mortgage to repay an existing loan. Often, this comes about because there has been a change in your personal or financial situation and you want to take advantage of better interest rates on your home loan. It can also be done simply because you would like to get your finances organised with one monthly payment instead of three.

Benefits of refinancing

  • Refinancing is a great way to lower your monthly payment. In fact, it can even save you a lot of money in the long run!
  • There are many reasons to refinance your mortgage. One of the main ones is because you might get a better interest rate.
  • Your home equity has increased and you’ll be able to borrow more money if needed
  • You’ll have access to cash from the equity in your property, which means you could use it for other purposes like paying off debt or making improvements to your home
  • You want to better structure the loan to better suit your personal circumstances by going all variable or all fixed-rate or a combination of both.

Note: Cashback offers – In order to make refinancing easier for clients, some banks offer a healthy incentive in the form of cashback that varies from time to time. The best time to take advantage is now because rates are low and you could get an additional $2k-$4k* by refinancing with us!

*amounts may vary. These are the latest offers as of writing this article.

We have all the information and resources you need to make an informed decision on whether or not refinancing is right for you. Contact us today to learn more about how refinancing your mortgage could benefit your financial situation!

Drawback of Refinancing

Refinancing a home loan is a time-consuming process that can be difficult to navigate.

There are many steps involved in refinancing your mortgage, which includes gathering paperwork, shopping around for the best rates and fees, submitting all of your information to multiple lenders and then waiting on their approval. Many people find this process daunting or even overwhelming.

RyRo Loan Centre makes it simple by providing you with one place where you can shop for refinance offers from different lenders at once. We make sure that all of the legwork is done so that you don’t have to spend hours searching through lender websites trying to figure out what they require from customers.

The Refinancing Process

Step 1: Connect with a RyRo Loan Centre mortgage broker

Our mortgage brokers are professionals and will get a clear picture of your needs with our detailed analysis. With these details, they’ll provide options that match your needs and budget – with no obligation!

Step 2: Let our broker prepare all the documents while you enjoy time with your family

Now that you’ve chosen your preferred option, the application process is still much like when you applied for our existing loan. In some cases, a new valuation may be required on your home in order to give us the best shot at getting approved by lenders with better interest rates! We will get back to you once they know if this step is necessary and then help prepare all of those (boring) documents before sending them off so we can make sure it gets signed off as soon as possible.

Step 3: Notifying your old lender

When your application is approved for your new loan, we will let the old lender know that you want to pay out your existing loan.

Step 4: Getting a final payout figure

You’ll be given a final payout figure when your current lender acknowledges the exact date of settlement. We will manage everything on your behalf, and it’ll make for an effortless experience during this period and help ensure things go smoothly without any surprises along the way.

Step 5: Get started with your new loan

When you get a new lender, they will pay off your old loan. From there, the only thing left to do is process your paperwork for this change and start making payments on your new loan.

Refinancing Timeline

When it comes to refinancing, the process can vary in length. In most cases, you’ll have your new loan approved and settled with the new lender within 4-6 weeks from the beginning of the application process. However, some loans can take longer than others, depending on their complexity and how quickly they move through the lender’s approval system.


If you are looking to get started with refinancing, then you have come to the right place.

Refinancing is an excellent option if it makes financial sense for you and your circumstances. Because of this, we want to make sure that refinancing with us is simple and easy. Our goal is not only to save you money but also help you avoid the hassle of working with multiple companies in an attempt to find refinancing options that best fit your needs.

We will provide you with all of the information needed to decide whether refinancing makes sense for your situation before signing any contracts or making any commitments. To learn more about how we can help, please feel free to contact us at 1300 00 RYRO today!

PS: Information in this article is true to the date of publishing.

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