Typical steps involved to refinance – SUBMIT A DISCHARGE AUTHORITY

If your lender refuses to play ball and match a better offer, you may need to refinance (assuming the saving is material of course).

Before you do that, I recommend getting your broker to send a discharge authority to your existing lender.

discharge authority is a form used to request a refinance.

Sometimes banks won’t offer a better deal until they receive a discharge authority, as they know you’re serious about refinancing.

If you don’t receive a better offer within 2 to 3 weeks of submitting the discharge authority, it confirms that your lender definitely won’t come to the party.


If you must switch to a new lender to obtain a fresh interest-only term or lower interest rate, so be it.

Whilst it can be a bit of a process, in the scheme of things you will be well rewarded for the effort.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Friday, 28 April 2023

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)