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    What is refinancing?

    Refinancing your home means replacing an existing home loan with a new mortgage.

    If you are finding your current home loan isn't suitable for a number of reasons, from fixed term loan is ending to wanting to reduce your home loan repayments, you can refinance and acquire a home loan suitable for your situation.

      Reasons to refinance your existing home loan

      • To reduce your home loan repayments.
      • To consolidate your debts and manage your finances easier.
      • Your fixed term loan is ending.
      • You're planning to renovate your home.
      • Your circumstances have changed and your existing loan may not be suitable anymore.

      Advantages of refinancing my home loan

      Stop and think about how much has changed in your life, and in the world around you, since you bought your home. Does your home loan reflect your current circumstances?

      Small differences add up:

      • Refinancing to a home loan with an interest rate that is a quarter of a percent lower might not seem like big deal, but 0.25% can mean a big reduction in your interest repayments over the life of the loan.

      • Switching to a home loan that allows you to make unlimited extra repayments without any break costs or fees could help you pay off your loan sooner.

      • Having your home loan and bank account with the same financial institution could save you money every month with fee waivers and discounts on products and services.

      • Consolidating your loans could make them easier to manage and pay off.

      Ready to apply?

      We've got a range of home loans to choose from.
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        Getting a property valuation

        If you’ve decided to refinance to us then we’ll need to organise a valuation to confirm the current estimated market value of your home. There are a few different ways we can do this and it may include having a licenced valuer visit your home at a time that suits you. Your home loan advisor can chat through the process in more detail if you’d like and they will handle it every step of the way for you.

          Home loan fees and extra charges

          • Don't get caught by surprise!

            It's important to be aware of extra charges you may need to pay including:

              • Application fees
              • Settlement fees
              • Valuation fees
              • Stamp duty
              • Government mortgage registration fees
              • Exit fees  
              • Early repayment fees.

            Avoid any surprises and contact your current home loan provider to find out what fees are payable if you refinance your existing home loan.

          Compare these home loans

          If you aren’t sure which loan will be best for your needs, our comparison tool is a great place to start.
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