Refinancing Your Home Loan

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 A lot can change after you take out a home loan.

Interest rates move. Your property value can change. Your income and goals might look completely different.

Refinancing simply means replacing your existing home loan with a new one — either with your current lender or a different lender.

 You might consider refinancing to:

• Get a more competitive interest rate
• Change your loan features or structure
• Reduce or change your repayments
• Access equity for renovations, investing or another purpose
• Consolidate eligible debts
• Move away from a loan that no longer suits you

But a lower rate doesn't automatically mean you're better off. Fees, loan terms and the overall cost of refinancing need to be considered too.

 A shiny interest rate can grab your attention, but it’s only one part of the loan.

The real question is:

Does changing loans actually make sense for you?

Comparing the costs, features and longer-term impact can help answer that.

You don’t need to refinance just because another lender has a lower advertised rate.

You can compare your current loan against other options and understand whether staying put or making a change may suit your circumstances — all explained in plain speak.

We know a lot about home loans so you don't have to.