Consolidate Split Loans
The costs and term effects of combining loan splits.
Over time, a home loan can accumulate splits (fixed + variable + top-up + line-of-credit) that made sense once but now just add complexity. A refinance can be a chance to consolidate the whole thing into a cleaner structure — often with a single offset, a single repayment date, and clearer visibility.
Things to consider
- Break costs on any fixed portion still in its fixed period will apply — timing matters.
- Simplification is worth something, but not everything — check the new rate is competitive too.
- If any of the splits are tax-deductible (investment purpose), preserve their identity when consolidating.
- A broker can help identify which splits are safe to merge and which shouldn't be touched.
Related equity uses
Three more ways homeowners commonly put usable equity to work.
Unlock an Offset Account
How offset accounts may reduce interest without changing the loan.
Switch to Fixed or Split
The trade-offs between rate certainty and flexibility.
Access a Redraw Facility
How redraw works and what accessing it may mean for your loan.
Explore whether using your home loan for this purpose may be appropriate — a Mortgage Freedom Review can help you understand the potential effect on repayments, total interest and your estimated mortgage-free date before you decide.
Results are estimates based on the information provided and stated assumptions. Savings, rates, approval and earlier repayment are not guaranteed. Credit approval, valuation, lender criteria, fees and product terms apply. Refinancing may not be suitable for everyone.
Submitting an initial enquiry for a Mortgage Freedom Review does not itself lodge a loan application. If a credit report or formal application may be required later, the responsible mortgage broker will explain the proposed step and obtain the necessary authority or consent.