Yes, you can absolutely refinance an existing Australian mortgage even if you’re now living abroad. Australian expats often refinance their loans for a better interest rate or to access equity, just like residents do. The process is fundamentally the same as getting a new loan: we need to submit a new loan application to a lender, showing your current financial situation (income, debts, property details). The main difference for expats is again the foreign income aspect – but as discussed, many lenders are comfortable with that. In fact, if your current lender has been giving you a higher rate or poor service since you moved overseas, refinancing could save you a lot of money. Some Australian banks are less “expat friendly” and might not offer you competitive deals once you’re abroad. We regularly help clients refinance to a lender that actively wants expat customers, often securing lower rates or better terms. Before refinancing, we’ll check if your existing loan has any break costs (for example, if it’s a fixed rate loan, there might be a penalty to exit early) – but even then, the long-term savings might outweigh any one-time fee. The refinancing process can be done remotely (similar to a new purchase loan), and settlement of the new loan will simultaneously pay off the old loan. Whether you want to refinance to get a lower rate, consolidate debts, or tap into your home equity for another investment, AEXPHL can guide you through it from overseas. We’ll ensure the new loan structure meets your goals and that the transition is seamless, so you continue to manage your mortgage from abroad without hassle.