Refinance Document Checklist
Refinance files need everything a new purchase does plus details of the existing loan being paid out. Collecting the existing loan data early lets the broker model the commercial case and quote a realistic savings figure before lodging.
Documents to collect
Current home loan statement (most recent)
Extract current balance, interest rate, repayment type, remaining term, and any offset or redraw balances.
Read the full guide →Fixed rate break cost quote (if any portion is currently fixed)
Contact the current lender for an indicative break cost before committing to the refinance.
Income documents (payslips, tax returns as applicable)
Verify current income. Same requirements as a new purchase.
Read the full guide →Three months of bank statements (all accounts)
Match salary credits and check for red flags. Review account conduct.
Read the full guide →Credit report
Review all accounts. Check for new enquiries since the original loan was taken.
Read the full guide →Council rates notice (most recent)
Confirm property ownership and check for any outstanding rates.
Read the full guide →Tips
- ✓Get the break cost quote before lodging so the client can make an informed decision
- ✓Factor in discharge fees and any new application or LMI costs when calculating the break even
- ✓If the client wants cash out for renovations or debt consolidation, include the purpose in the submission notes
How QualifyMate helps
QualifyMate reads existing home loan statements alongside income, liability, and bank statement data, giving brokers a clean view of the borrower current position before they model the refinance.
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