Why a Change in Circumstances Is Often the Right Time to Refinance
Life doesn’t stand still — and neither should your home loan.
Many homeowners refinance when interest rates change, but one of the most overlooked (and important) reasons to review your loan is a change in your personal circumstances.
If something in your life has shifted since you first took out your mortgage, there’s a strong chance your loan no longer fits as well as it once did.
When Your Income Changes
An increase in income is one of the most common changes homeowners experience.
Whether it’s a promotion, a new role, or a second income in the household, higher income can improve cash flow and borrowing capacity — but only if your loan structure allows it.
Refinancing after an income increase can help you reduce interest costs, improve borrowing flexibility, or restructure your loan to better reflect your new financial position.
When Household Expenses Look Different
Expenses change over time. You might have paid off personal debts, reduced childcare costs, or changed how you manage day-to-day spending.
If your expenses have reduced, your loan may no longer be optimised for your situation. Refinancing can help improve serviceability, free up cash flow, or open up new options.
A review helps ensure your repayments still make sense based on how you live today.
When Your Family Situation Changes
Major life events — getting married, having children, separating, or becoming an empty nester — all impact finances.
A loan structure that once worked may no longer suit your priorities, risk tolerance, or cash-flow needs.
Refinancing can help adjust repayments, simplify finances, or add flexibility during periods of change.
When Your Property Has Increased in Value
If your home has increased in value, refinancing can help ensure your loan reflects that growth.
Improved equity can open access to better rates, better lenders, or improved borrowing capacity.
Many homeowners don’t realise how much their position has improved until they take the time to review their loan.
When You’re Planning Your Next Move
Thinking about upgrading, renovating, or investing?
Refinancing before making a major financial move helps ensure your current loan won’t limit your options.
Understanding your borrowing position early can save time, stress, and missed opportunities later.
When Your Priorities Have Shifted
Sometimes the change isn’t financial — it’s personal.
You may value flexibility more than paying your loan off quickly, or cash flow over minimising repayments.
Refinancing allows your loan to evolve with your priorities, rather than forcing you to adapt around an outdated structure.
Why Waiting Can Cost You
When circumstances change, many homeowners delay reviewing their loan simply because everything feels “fine”.
But continuing with a loan that no longer fits can quietly cost you in higher interest, reduced flexibility, or missed opportunities.
Refinancing doesn’t mean you must switch lenders immediately — it means understanding your options.
Why Talk to Chase When Circumstances Change?
Refinancing after a change in circumstances requires more than a rate check.
Chase Douglas has extensive experience in mortgage lending and helps homeowners understand how changes in income, expenses, family situation, or goals should influence their loan.
Chase reviews your current loan, explains how your circumstances affect your options, and guides you through refinancing decisions that support where you’re heading — not where you’ve been.
Has Something Changed for You?
If your life looks different to when you first took out your home loan, now is the right time to review it.
You don’t need to commit to refinancing — you just need clarity.
👉 Book a refinance review with Chase Douglas and find out whether your home loan still fits your circumstances.
Because when life changes, your loan should too.
