Hi Guys, I would appreciate some advice. I am currently with Suncorp and pay 4.67% and am wondering if I should refinance. My broker has presented the following: I can source 4.22% for you it has 100% offset with I/O repayments. Same product as what you currently have. Set up costs will be $495 (including legals). No annual package fee, however a $15 monthly fee will apply (equates to $180 per annum). There would also be government charges of ~$200 and also $350 to discharge the mortgage. On my loan it would be a saving of $492 per annum. - with the Adelaide Bank It seems like a no brainer in terms of the interest rate differences but what else should I be considering? Apparently, the Adelaide Bank are more flexible than Suncorp in terms of releasing equity, which I want to do for a future IP. However, it is also going to take a while for me to break even with all the set-up costs.