Your Fixed Rate Is Ending - The 90-Day Playbook

When a fixed term ends, your lender doesn't send a congratulations card - they quietly roll you onto their revert rate, which is usually one of the least competitive numbers on their books. The difference between acting and drifting is often hundreds of dollars a month. Here's the timeline that keeps you in control.

90 days out - find two numbers

• Your exact expiry date. It's on your loan statement or app. Put it in your phone now, with a reminder 90 days ahead for next time.
• Your lender's current revert rate. This is what you'll pay if you do nothing. Seeing it in writing is usually all the motivation required.

No decisions yet - just facts on the table while you have maximum runway.

60 days out - compare properly

• Ask your current lender what they'll offer when the term ends. Not the revert rate - their genuine retention pricing. Sometimes it's surprisingly good; it's also your benchmark.
• Compare the market against that benchmark. This is where I come in: 40+ lenders, fixed and variable and split options, whole-package comparison. Because your term hasn't ended yet, there are no break costs in play - this is the cleanest refinancing window you'll ever get.
• Get your documents together - payslips or business financials, statements, ID. Boring now, fast later.

30 days out - decide and apply

If your current lender's retention offer is genuinely competitive, take it and enjoy the paperwork you didn't do. If the market wins, apply now: approvals take time, and the goal is settlement timed to land at or just after your expiry date - no break costs, and no expensive months on the revert rate. I manage that timing with the lenders so you don't have to.

Day zero - verify

Whichever path you chose, check the first repayment after the change: right rate, right amount, offset and redraw behaving. Two minutes of checking beats months of not noticing.

The honest section: fix again, go variable, or split?

I don't predict rates - anyone who claims certainty about the next two years is guessing with confidence. The real question is about you: how much certainty your budget needs, whether you value offset flexibility, and how you'd cope with movement in either direction. A split loan (part fixed, part variable) is often the grown-up compromise, and it's a conversation worth having with your actual numbers in front of us - the honest checklist is a good warm-up, and the calculator shows what any rate gap is worth in dollars.

Quick answers

What happens when my fixed rate ends?

Unless you act, your loan automatically rolls onto your lender's standard variable "revert rate" - which is typically set well above their competitive pricing. Nothing breaks; you just quietly start paying more. The fix is simply to compare and choose before the rollover date, rather than after.

When should I start organising a refinance before my fixed term ends?

Around 90 days out is ideal. It leaves time to compare properly, ask your current lender to reprice, and - if switching wins - get the new loan approved so settlement lands at or just after expiry, without break costs and without paying the revert rate for months.

Should I fix my rate again?

It depends on your circumstances and what certainty is worth to you - nobody reliably predicts rate movements, and I won't pretend to. What I can do is show you the current fixed and variable options side by side, including split-loan structures that hedge the decision, so you choose with clear eyes rather than a crystal ball.

Fixed term ending soon? Start your obligation-free enquiry → or call Michael on 0477 979 377.

Written by Michael Gross - Principal Mortgage Broker & Founder, Mocha Finance. A former financial planner with 8+ years in finance, Michael compares 40+ lenders for clients across Melbourne. Credit Representative 546597 of LMG Broker Services Pty Ltd (ACL 517192) · FBAA Member.
Reviewed and updated 4 July 2026. Rates, fees, schemes and lender policies change over time - always confirm current details. Examples on this page use clearly labelled illustrative figures, not current market rates.

Michael Gross is a Credit Representative (546597) of LMG Broker Services Pty Ltd (ACN 632 405 504, Australian Credit Licence 517192). The information on this page is general in nature and doesn't take into account your personal objectives, financial situation or needs - consider whether it's appropriate for your circumstances before acting on it.