When was the last time you checked your home loan?
Life doesn't stand still. Maybe your income has changed, you've started a family, bought an investment property or simply haven't looked at your home loan in years.
Meanwhile, your loan's interest rate, features and structure may no longer suit your needs.
It could be time for a closer look if:
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Your fixed-rate period has ended, or your interest rate has changed.
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Your income or financial circumstances have improved.
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You're paying off credit cards or other debts and want to explore your options.
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You're considering renovations, investing or accessing equity.
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You want to simplify your banking or make better use of an offset account.
You don't need to wait until something is wrong to review your loan. Sometimes, a simple check-in can give you a clearer picture of where you stand.
Refinancing is more than chasing a lower rate.
A lower interest rate can be attractive, but it isn't the whole story. The right loan should also work with your financial goals, repayment preferences and plans for the future.
When we review your home loan, we look at:
Rate and repayments
Could alternative loan options change your repayments or overall interest costs?
Loan features
Would an offset account, redraw facility or greater repayment flexibility better suit your needs?
Loan structure
Does your current loan structure still make sense, particularly if you have multiple properties or investment loans?
Debt consolidation and equity
If appropriate, could restructuring your lending help you manage existing debts or access equity for a planned purpose?
The cost of switching
We consider relevant fees, potential break costs, changes in loan terms and other implications of moving lenders.
We'll help you compare suitable options so you can make an informed decision about whether refinancing is worthwhile for you.