Top 7 reasons to refinance

Refinancing is becoming more popular than ever for home owners. If you’ve been thinking about switching your home loan, it’s important to make an informed decision.

Top 7 reasons to refinance

  1. I’m looking for a better deal.
    By refinancing you could save on your interest rate or find a home loan that provides better value with features such as offset accounts and flexible repayments to help you pay off your loan sooner.
  2. I want to simplify my finances.
    Like many Australians, you could be tired of juggling multiple loan repayments. Consolidating your debt could be an opportunity to reduce the overall interest you’re paying.
  3. I’ve been dreaming of…
    You could be dreaming about a holiday, renovation project or new car. If your property has increased in value accessing the equity in your home could help you to achieve your goals sooner.
  4. My personal circumstances have changed
    From planning to have children, to getting a promotion or wanting to downsize – there are many different situations where a change in your circumstances could be an ideal time to review your home loan.
  5. I want greater security
    In times of uncertainty, it’s important to know that your financial wellbeing is your bank’s highest priority. We are an Authorised Deposit-taking Institution (ADI) and we are also protected by the Australian Government guarantee on deposits.
  6. I want a home loan that makes a positive difference
    Your home loan is likely to be one of the biggest investments you’ll ever make. By refinancing to a customer owned bank that supports the people who care, you can be confident that your home loan is giving back to the community.
  7. I want a bank that gives me more.
    Has your bank fallen short of your expectations? If you’ve been treated unfairly, or haven’t received adequate support, by moving to a customer owned bank you can expect more.

Whatever your reason, we’re here to help.

As a customer owned bank, our home loans are tailored to offer great value and low rates, with flexible repayment options to help you pay off your loan sooner.

Our Mobile Bankers can help you to weigh up the pros and cons of refinancing, guide you through the quick and easy switching process and match you with the best loan to suit your needs.

Looking to learn more about refinancing?

Our online calculator is fast and easy. Learn how much you could save by moving your home loan to Bank First.

Learn more