Fixed rate expiry refinance
When a fixed term ends your lender moves the loan to its revert rate, which is rarely its sharpest: Quantum Finance reviews the loan before that happens, compares 40+ lenders, and hands you a decision to make instead of a rate to discover.
- The jump from a fixed rate to a revert rate is the fixed rate cliff.
- We review the loan before the fixed term ends, not after.
- Fix again, go variable, or split it — all of them costed.
- Sometimes your own lender repricing is the answer, and we ask them first.
- Years broking
- 21+Years broking
- Loans settled
- $1B+Loans settled
- Credit licence
- ACL 389083Credit licence
- Lenders compared
- 40+Lenders compared
Our awards and recognition
Awarded by the people who see every broker’s numbers
Diamond Club
2026
Money Quest Group
Diamond Club
2025
Money Quest Group
Diamond Club
2024
Money Quest Group
Mortgage Broker of the Year
2023/24 — National, highest dollar volume settled
Southern Cross Broker Network
Excellence in Finance, Gold
2021
PLAN Australia
Excellence in Finance, Gold
2020
PLAN Australia
Hall of Fame
Valued partner, 15 years
PLAN Australia
Elite Broker
2021
Broker Value Proposition
Premium Broker
ANZ
Individual Excellence Award
2016
Specialist Finance Group
Sales Excellence Award
PLAN Australia
Sales Master Award
PLAN Australia
Top 100 Brokers
Four times
Australian Broker
What our fixed rate expiry service does
The work we do before your fixed term endsWhen a fixed term expires the lender rolls the loan onto its revert rate, which is the variable rate it applies by default. The work is finding out what that rate will be, measuring it against the market, and giving you a decision to make before it lands rather than afterwards.
Lenders reserve their sharpest pricing for new customers, so a revert rate is rarely the best rate that lender offers, let alone the best on the market.
Most residential loans are paid for by the lender through commission rather than by you. Where a fee would apply, we tell you before you apply, in writing.
We diarise the expiry and start before it arrives
A refinance takes an application, a valuation and a discharge, and none of those are instant. Starting while the fixed term is still running is what puts a new loan in place for the day the old rate ends. Tell us the expiry date and we work backwards from it.
We establish exactly what your revert rate is
The revert rate is the variable rate your loan drops to when the fixed term ends, and most borrowers have never been told what theirs will be. It is the number every other option gets measured against. We get it from your lender rather than guessing at it.
We compare that revert rate against 40+ lenders
We compare the panel on rate, fees, features and policy, then show you the comparison with your own revert rate sitting on it. Fixing again, moving to variable and splitting the loan all appear on the same page, priced. Staying put is one of the options on that comparison.
We ask your current lender to reprice first
Sometimes a repricing request delivers most of the benefit with none of the paperwork and no discharge to chase. That conversation goes better when a real alternative is already in hand. We have the alternative either way, so asking costs you nothing.
We cost break costs before you consider leaving early
Break costs apply when you exit a fixed rate before the term is up, and the lender calculates them against your loan. If you are thinking of moving before expiry, that figure decides it. We get it from the lender and set it against the benefit rather than guessing at either.
We tell you when repricing beats refinancing
If your lender's repricing offer is competitive, or the rate gap is too small to cover the switching costs, staying is the right answer and we say so. A refinance that saves nothing has still cost you a valuation, a discharge and several weeks of admin.
Work out what the cliff costs you
Put your revert rate in and see the differenceThe first tool compares what a new rate would cost against what you are about to pay and sets the switching fees against the saving. The second shows what any loan repays at over a term you choose, which is how you see the step up before it happens. Both are estimates you can run yourself before you ask anybody for anything.
Compare your loan with a new one
What you owe today, not what you originally borrowed.
The rate on your statement.
An example figure to change. We do not quote rates here.
Check your statement. Most people have fewer years left than they think.
This lowers the monthly repayment and usually raises the total interest. Worth seeing both ways.
Estimated monthly difference
$166.52
Lower each month, and about $1,998 a year.
- Your repayment now6.50% over 25 years.
- $3,038.43
- Repayment on the new loan5.90% over 25 years.
- $2,871.91
- Interest left to pay now
- $461,530
- Interest on the new loan
- $411,573
- Total interest you could saveOver the same remaining term.
- $49,956
This is an estimate, and switching costs are not included. Expect a discharge fee on the loan you leave, settlement and registration fees, possibly an application fee on the new loan, and break costs if you are inside a fixed term. Those come off the saving. Lending is subject to approval.
Have us check the numbersWork out your repayments
What you need to borrow, not the purchase price.
An example figure. Put your own rate in — we do not quote rates here.
Estimated monthly repayment
$3,597.30
- Total interest over the term
- $695,029
- Total repaid
- $1,295,029
- Repayment if the rate rose to 8.00%Roughly the buffer a lender applies when it assesses you.
- $4,402.59
This is an estimate. It assumes the rate stays where you put it for the whole term and it does not include fees, lenders mortgage insurance, offset balances or extra repayments. Your real repayment depends on the lender and on approval.
Book a 15-min chatEach tool has a page of its own explaining every figure it uses: refinance savings calculator and home loan repayment calculator.
Your options when a fixed term ends
Six things you can do about a fixed rate expiryDoing nothing is one of these options, and it is the one most people take by accident. The other five all need a decision made in advance, which is the entire reason to look at this before the fixed term runs out rather than after.
- Do nothing
What it does
The loan rolls onto your lender's revert rate automatically
The catch to check
A revert rate is rarely the sharpest rate that lender offers
- Ask your lender to reprice
What it does
Keeps the loan where it is at a better rate, with no paperwork
The catch to check
The answer depends on your loan and on what the lender thinks you will do
- Fix again
What it does
Locks a repayment you can budget around for a new term
The catch to check
Break costs apply if you exit early, and extra repayments are usually capped
- Move to variable
What it does
Opens up offset, redraw and unlimited extra repayments
The catch to check
The repayment moves whenever the rate does
- Split the loan
What it does
Fixes part of the balance and leaves the rest variable
The catch to check
You get some of each benefit and some of each limitation
- Refinance to another lender
What it does
Puts the whole panel in play rather than one lender's book
The catch to check
Switching costs apply, and the discharge is usually the slowest leg
Do not stress about picking between fixed, variable and split. Tell us when the fixed term ends and what you need the loan to do, and we cost the options against your actual revert rate.
Who this suits
The borrowers we review loans for before expiryA review costs nothing and commits you to nothing. These are the situations where looking early most often changes the outcome.
Borrowers whose fixed term ends in the next few months
People already sitting on a revert rate since their fixed period ended
Anyone who fixed part of the loan and left the rest variable
Borrowers weighing whether to fix again or take a variable rate
Households whose income or expenses have changed since they fixed
Owners who want an offset account their fixed loan would not give them
How our refinancing process works
Five steps, timed against your expiry dateThe process is the same five steps as any loan we write, with an existing lender to be discharged at the end. What changes here is the timing: the work starts from your expiry date and runs backwards, so a new loan is ready when the old rate ends.
Start an application
You send us the basics and we work out what you could borrow and which lenders will look favourably at your situation.
Read this step in full: Start an applicationWhat you need
Income, debts, deposit
Get pre-approved
We put your file to the lender that fits and bring back a pre-approval in writing, subject to lender approval and your circumstances.
Read this step in full: Get pre-approvedWhat we do
Match the lender to your file
Get officially approved
Once your offer is accepted, the lender orders its valuation and issues formal approval.
Read this step in full: Get officially approvedWhat we do
Chase the lender, so you do not have to
Prepare for settlement
We go through the loan documents with you before you sign anything, then coordinate the lender and your settlement agent.
Read this step in full: Prepare for settlementWhat you need
Your questions, asked early
Stay up to date
After settlement we keep the loan under review as rates move and your circumstances change.
Read this step in full: Stay up to dateWhat we do
Review it, and tell you first
Step 1 of 5 · Start an application
About our independent mortgage brokers
The brokers who ring you before the rate changesIndependent means no franchise above us and no lender owning a share of the business. Nobody upstairs sets a monthly target, so if your lender's repricing offer is the best answer, that is the answer you get. Your bank compares its own products; we compare 40+ lenders.
Gavin Harrigan has been broking from West Leederville since 2005. Today it runs on a small team, Gavin Harrigan, Justin Richardson and Xavier Prescott, each with their qualifications on the page. You deal with the person who writes your loan, before settlement and after it.
The work runs from a first home loan, through refinancing and investment lending, out to construction, small developments and commercial property. Same broker, whichever end of that you are at.
- VerifiedBroking since 2005
- VerifiedOver $1 billion in loans settled
- VerifiedAustralian Credit Licence 389083
- VerifiedMoneyQuest accredited
- VerifiedMember of the Finance Brokers Association of Australia (FBAA)
- Verified40+ lenders on the panel
Fifteen minutes is usually enough to tell you where you stand. No cost, no obligation, and any lending is subject to approval and your circumstances.
Why choose us when your fixed rate ends
The broker who tells you to stay and reprice is the one worth havingEvery point below is a consequence of how this business is owned, not a slogan about service.
- Included
No franchise, no head office quota
We do not pay a franchise fee, so nobody upstairs sets a monthly target for us to hit. That removes the main reason a broker recommends the wrong loan.
- Included
No lender owns a share of us
The banks have no stake in this business and no claim on where files go. Your bank has one loan to sell you. We do not.
- Included
40+ lenders, one shortlist
We compare 40+ bank and non-bank lenders, then explain why the shortlist looks the way it does. Policy differences decide more applications than rate does.
- Included
We will tell you when the answer is no
If refinancing does not actually save you money, we say so and you leave the loan where it is. A wrong loan costs more than the fee it earns.
- Included
The same broker after settlement
You keep dealing with the person who wrote the loan. We review it as rates and your circumstances change, not once and then never again.
What our clients say
In their words, not oursReviews left by people whose loans we have reviewed and refinanced, pulled straight from the platform they were written on.
Our refinancing lender panel
Your revert rate gets measured against 40+ lenders, not acceptedMajor banks, second-tier banks, and non-bank lenders who will look at a file the majors will not. MoneyQuest gives us access to the panel. 21+ years of writing loans on it tells us which lender to use, and when to stay where you are.
A selection of the lenders we are accredited with. Ask us who else is on the panel for your situation.
Our refinancing guides
Work out whether switching stacks upWhat refinancing actually costs, what it can save, and how to tell the difference before you apply. Each one carries a broker's name.
Borrowing power
How much can I borrow?
Income less commitments, tested at a rate higher than the one you would pay.
Read it: How much can I borrow?
Choosing a broker
What a mortgage broker does
What the job actually involves, who pays for it, and when your own bank is the better call.
Read it: What a mortgage broker does
Refinancing
Refinancing a home loan
How the switch works, what it costs, and when staying put is the better call.
Read it: Refinancing a home loan
Investing
Financing an investment property
How lenders read rental income, and how investors fund a deposit from equity.
Read it: Financing an investment property
Meet our Perth refinancing brokers
You get a broker, not a call centreThree people, all named, all reachable. The person who reviews your loan before expiry is the person who refinances it and the person who diarises the next review.
Gavin Harrigan
Managing Director
Broking since 2005, four-time Top 100 broker and a PLAN Australia Hall of Fame member.
- Bachelor of Commerce, Applied Finance and Commercial Law — Curtin University
- Diploma of Finance and Mortgage Broking Management — AAMC Training Group
- PLAN Australia Hall of Fame member
- Elite Broker status
- Top 100 Brokers, four times
Justin Richardson
Loan Consultant
Business and law background, and a habit of making the process feel simple.
- Bachelor of Commerce, Business Law and Marketing — Curtin University
- Bachelor of Laws (in progress) — Murdoch University
Xavier Prescott
Loan Consultant
Fresh qualifications, a competitor's discipline, and a lot of patience.
- Diploma of Finance and Mortgage Broking Management
Common questions about a fixed rate expiring
What is the fixed rate cliff?
It is the step up in repayments that happens when a fixed term ends and the loan rolls onto the lender's revert rate. Nothing is chosen or signed at that point; it happens by default. The size of the step depends on the gap between the fixed rate you had and the revert rate you land on.
What happens when my fixed rate expires?
Your lender moves the loan to its revert rate, which is the variable rate it applies when a fixed term ends. You are not asked and nothing has to be signed. Lenders reserve their sharpest pricing for new customers, so a revert rate is rarely the best rate even at that same lender.
When should I start looking before my fixed rate ends?
Before the expiry rather than after it. A refinance needs an application, a valuation and a discharge from your existing lender, and the discharge is usually the slowest leg. Tell us the date your fixed term ends and we work backwards from it so a new loan is in place when the old rate stops.
Can I refinance before my fixed term ends?
You can, but break costs apply when you exit a fixed rate early and the lender calculates them against your loan. That figure decides whether leaving early is worth it. We ask your lender for it and set it against the benefit rather than either of us guessing.
Should I fix again or move to a variable rate?
Fixing gives you a repayment you can budget around, with break costs if you exit early and a cap on extra repayments. Variable gives you offset, redraw and unlimited extra repayments, with a repayment that moves when the rate does. A split does some of each, and which suits you depends on what you need the loan to do.
Will my lender give me a better rate if I ask?
Often, yes. A repricing request costs nothing and sometimes delivers most of the benefit with none of the paperwork. The conversation goes better when a real alternative is already in hand, which is what the comparison gives you. We make that request for you either way.
What is a revert rate?
It is the variable rate your loan automatically moves to when a fixed term expires. The lender sets it and writes it into your loan contract, so it can be found out in advance rather than discovered on the first higher repayment. It is the number every other option should be measured against.
Do I have to refinance when my fixed rate ends?
No. Fixing again with the same lender, asking that lender to reprice the variable rate, splitting the loan, or leaving it on the revert rate are all valid outcomes. Refinancing to another lender is one option among several. If your current lender's offer is the best one available, we tell you to take it.
Related finance we arrange
The other loans this conversation usually touchesMost files touch more than one of these. If yours does, it is the same broker and the same conversation.
Refinancing
Rate reviews, debt consolidation and equity release. If switching does not stack up, we say so.
Learn moreabout RefinancingFixed Rate Home Loans
Certainty on the repayment, with the break costs and caps explained first.
Learn moreabout Fixed Rate Home Loans
Split Rate Home Loans
Certainty on one portion, flexibility on the other, with the ratio set to suit you.
Learn moreabout Split Rate Home LoansStandard Variable Home Loans
The full-feature variable loan, with offset and redraw and a rate that moves.
Learn moreabout Standard Variable Home Loans
The information on this page is general in nature and does not take into account your objectives, financial situation or needs. Any figures shown are estimates only. Lending is subject to approval, and to the lender's terms, conditions, fees and charges. Consider whether the information is appropriate for you before acting on it.
Get in touch
Tell us when your fixed rate endsFour questions and you are done. A broker reads it, measures your revert rate against the panel, and rings you back on the number you give us.
Would rather just talk?
Ringing is quicker than waiting for us to ring you, and you get a broker rather than a queue.
1300 813 113