Is It Time to Review Your Home Loan?
Refinancing isn't automatically the right answer. A review can help you understand whether it makes sense for you.
Your circumstances don't stay the same forever.
Your income, family circumstances, property value, financial commitments and future plans can all change over time. A loan that suited you several years ago may not necessarily remain the most appropriate structure for your current circumstances.
A refinancing review can provide an opportunity to look at your existing loan, compare available alternatives and consider whether a change may be worthwhile.
A Lower Rate Isn't the Whole Story
A lower advertised interest rate can be appealing, but it is only one part of the refinancing decision.
Changing loans may involve application costs, discharge fees, break costs, package fees or other charges depending on your existing loan and the new lending arrangement.
Loan features, repayment structure, loan term and flexibility can also influence whether refinancing is appropriate.
What Could Refinancing Cost?
Existing Loan Costs
Other Considerations
Existing Loan Costs
- Discharge fees
- Break costs, where applicable
- Other existing loan charges
New Loan Costs
Other Considerations
Existing Loan Costs
- Application/establishment fees
- Valuation costs, where applicable
- Package or ongoing fees
Other Considerations
Other Considerations
Other Considerations
- Government charges, where applicable
- Legal/conveyancing costs, where applicable
- Other transaction-related costs
The Bigger Picture
Other Considerations
Other Considerations
Consider whether the potential benefits of refinancing justify the costs involved.
Your Refinance Journey
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Review Your Current Loan
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Understand Your Current Position
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Explore Available Options
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Compare Costs & Benefits
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Apply & Transition
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Settle Your New Loan