Lower Your Monthly Repayments Without Derailing Your Plans

Feeling the squeeze? You’re not alone.

With higher living costs and rising interest rates, many Australians are wondering how to free up cashflow without losing momentum on their bigger plans. Whether that’s saving for renovations, investing, or simply breathing easier each month.

The good news? You can often lower your monthly repayments without starting over or falling behind.

1. Refinancing for a better deal

   Interest rates can vary significantly between lenders, and what was competitive two years ago might not be now. By refinancing, you could secure a sharper rate or a loan structure that better suits where you’re at today, potentially saving hundreds each month.

   And you don’t have to figure it out alone. EMMA connects you with hand-picked brokers known for genuine service, not the transactional kind who treat you like a number.

   
   

2. Extending your loan term

   If cashflow is tight, extending your loan term can immediately reduce monthly repayments. Yes, it means paying more interest over time, but it’s a practical short-term strategy to free up room in your budget while you stabilise other priorities.

   A trusted broker can help you find the right balance between lower repayments now and keeping your long-term goals on track.

   
   

3. Fixing or splitting your rate

   Choosing between fixed and variable interest rates is about control versus flexibility.

   • Fixed gives stability: ideal if you want predictable repayments.

   • Variable can offer more freedom: especially if rates start to ease. Some borrowers choose a split loan to get the best of both worlds.

   An EMMA-matched broker can help you explore which mix suits your cashflow and lifestyle best.

   
   

4. Consolidating other debts

   If you’re juggling multiple loans, personal, credit card, or car, consolidating them into your mortgage could make life simpler and reduce your overall monthly outgoings.

   
   

   This works best when guided by an expert who can ensure you’re not trading short-term relief for long-term cost.

   
   

5. Staying focused on your goals

   Lowering repayments doesn’t mean giving up on progress, it’s about keeping your plans on track. Whether you’re aiming to invest, renovate, or just get breathing room, every smart move now creates more options later.

   With EMMA, you don’t just get matched with any broker, you get one who listens, strategises, and genuinely cares about your outcome. Learn more about how EMMA works.

Ready to free up cashflow and stay on track?

If your budget feels tight but your goals haven’t changed, it might be time to explore your refinance options. Get matched with a trusted broker through EMMA today. Quick, simple, and genuinely supportive from start to settlement.