A lot of my clients stayed in HomeStart longer than they needed to simply because nobody told them they now qualify to move.
This 2 minute review shows whether a normal lender would likely accept you today with no application and no credit enquiry.
Complete the 11 questions below to get your personalised report and understand when you might be ready to move from HomeStart.
ABOUT THIS REPORT
What this report does
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Shows if a normal lender may accept you now
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Explains the main reason you may or may not qualify
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Estimates your likely Loan to Value Ratio
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Gives a simple readiness result
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Suggests when to review again if not ready
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Helps you understand your next step
What this report does not do
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It does not apply for a loan
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It does not contact HomeStart
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It does not contact any bank or lender
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It does not affect your credit score
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It does not commit you to refinancing
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It does not share your details with lenders
FREQUENTLY ASKED QUESTIONS
Don't be left in the dark...
If you don't see the answer to the question you have. Please never hesitate to send call, sms, email or book in a strategy call to ask any and all the questions you may have.
Does checking this affect my credit score?
No.
The HomeStart review is not a loan application and no lender is contacted. Your credit file is not accessed. A credit enquiry only occurs if you later decide to formally apply for a new loan.
Do I have to refinance if the results say I can?
No.
The review simply shows your likely position. You are not committing to anything and no application is submitted unless you ask us to proceed.
How long does the review take?
About 2 minutes to complete the questionnaire.
You will then receive a personalised report explaining whether you are likely ready now, close, or should review again later.
How long does a refinance actually take?
If you decide to proceed, most refinances typically take 2–5 weeks depending on the lender, documentation and discharge timeframes.
Does it cost anything to run the review?
No.
The HomeStart Exit Review and initial broker assessment are free and obligation-free.
Are there costs if I refinance?
Possibly. Some loans have discharge or government registration fees, but many lenders also provide refinance rebates or fee waivers.
If you appear eligible, we will outline any expected costs before you make a decision.
Do I need to save another deposit to leave HomeStart?
Usually no.
When refinancing, lenders use your equity (the difference between your property value and loan balance) instead of savings. Many homeowners qualify without saving a new deposit.
Is there a minimum number of years I must stay in HomeStart?
No.
There is no 5-year or fixed waiting period. Lenders assess your financial position — not how long you’ve held the loan.
What happens if I'm ready to move now?
We would book in a strategy call and complete a full broker assessment with you first.
If it looks suitable, we then prepare an application and only proceed once you are comfortable with the loan options presented.
What happens if I'm not ready yet?
Your report will explain the main factor preventing approval and the typical timeframe before reviewing again.
Many people simply need more repayment history or slightly improved equity. We are always happy for you to book in a strategy call and together we can build a plan and define a timeline to get you ready to move.
How will I know when to try again?
Your report includes an estimated “review window”.
We can also check your position again later — often a small change over time (balance reduction or longer repayment history) is enough.
Will my repayments definitely be lower?
Not always.
The goal is not just lower repayments, but a loan structure suitable for long-term home ownership. We will explain both repayment and long-term loan impact before any application is made. They may not be lower, but they may reduce more of your debt for each repayment.
Will the bank contact me or affect my current loan?
No.
Nothing is sent to HomeStart and your current loan remains unchanged unless you decide to proceed with a refinance application.
What information do I need to complete the review?
Only basic details such as:
• approximate property value
• loan balance
• income range
• repayment history
You do not need documents for the initial review.
Why do people stay in HomeStart longer than needed?
Because there is no automatic notification when you become eligible for a standard lender.
Your position improves gradually over time, so many homeowners simply assume they are not ready and never check.
WHAT PEOPLE ARE SAYING
Don't just take our word
ANGUS. D
"...My wife and I had an incredible experience working with Elliot as our mortgage broker..."
BEN. K
"...met with a few mortgage brokers in that time. None of them gave me much confidence in what I was doing, and I felt the market was constantly escaping me.
It wasn't until after starting a conversation with Elliot at Loan Theory..."
STEWART. M
"...It was a fast and easy experience. Would recommend..."
WHO AM I?
My name is Elliot and I now have over 10 years in the finance industry. My number one goal and what gets me out of bed in the morning is to put people in better financial positions than what they are currently in. If that means buying a house, refinancing a loan, debt consolidation or budgeting I want to help.
I’ve answered a few quick-fire questions so you can get to know me better (yes, I’m serious about snacks and finance 🧀💸).
IMPORTANT
This report has been automatically generated based solely on the information you entered. It is intended to provide a general educational indication of potential lending position only.
It is not:
• a credit assessment
• credit advice
• a loan recommendation
• a loan approval
• or a commitment by any lender
The analysis does not consider your complete financial situation, objectives or needs and should not be relied upon as a substitute for personal credit assistance.
Actual borrowing capacity, loan eligibility and refinance options will vary and are subject to a full assessment including verification of income, expenses, liabilities, credit history, security property details and individual lender policy requirements.
Any lending outcome is determined solely by the lender following submission of a formal application and credit assessment.
The Theory Group Pty Ltd and its representatives accept no liability for decisions made based on this indicative report. Before acting on this information you should obtain personalised credit assistance from a licensed mortgage broker.
Disclaimer: The information on this website is general in nature and does not constitute personal advice. You should consider whether the information is appropriate to your needs and seek professional advice before making any decision. All applications are subject to lender credit criteria, fees and charges.
The Theory Group Pty Ltd Trading as Loan Theory | ABN: 32 683 569 995 | Credit Representative 567843 is Credit Represenative of Connective Credit Services Pty Ltd | 389328
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