7 ways to save big on your home loan.

Download our free guide to become a mortgage maven and save money over the life of your loan.

How much could I save by switching loans? 

Many people refinance to get a better rate, consolidate debt, renovate or free up equity. If you’re thinking of refinancing, it’s important to weigh up the cost of refinancing against the long term benefits. Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

Want to have a chat about your options? 

Get in touch today to book an obligation-free refinancing chat

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Why refinance?

There are many reasons why people choose to refinance. Lenders rarely reward customers for being loyal, so it’s a good idea to regularly check to see if there is a better-suited loan for you. Some benefits can include:

  • Get down with low rates

    Interest rates regularly change. Is yours still competitive? If you have a variable rate, or your fixed-rate is due to expire, you may be able to negotiate a lower rate with your lender, or find one that will.

  • More bells, better whistles

    Not all home loans are packaged equal. They offer different features and functionalities. Switching to a loan that allows more regular or extra repayments, an offset account or redraw facility can help you pay less over the life of the loan. Or, if you aren’t using features with your existing loan, switching to a more basic loan could save you in fees. 

  • Debt consolidation

    If you have multiple debts, such as a personal loan, car loan or credit card, you may be able to roll them into your home loan. This consolidates your debt to one repayment and could save you in interest. We will consider the whole picture including fees and repayments to determine if debt consolidation is right for you.

  • Free up money for your projects

    Whether you’re planning a renovation, need to upgrade your car or have another project in mind, if you have grown equity in your home, you may be able to refinance to access more money to fund it. 

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