What does refinancing your home loan actually mean, what are the benefits, when should you refinance, and how can you do it?
Refinancing your home loan is when you take out a new home loan to pay off your existing mortgage.
Why take out a new home loan to simply cover the costs of an old one, you might ask?
Our personal and financial circumstances are always changing. Refinancing your home loan is a great way to achieve your lifestyle goals, take advantage of market leading rates, and better manage your finances.
Some of the moments when you might want to consider refinancing:
Whatever your circumstances, at Regional Australia Bank we recommend our customers speak with one of our home loan specialists annually.
Our dedicated team of home loan specialists will help you review your current loan, decide whether refinancing is right for you, and make sure you’re getting the best deal.
Regional Australia Bank’s personalised solutions are designed with the understanding personal circumstances and priorities are always changing. This is why our products are built around saving you time, money, and effort.
Regional Australia Bank’s Fixed Rate Home Loan is great if you’re looking to lock in your home loan repayments and stay on top of budgeting.
The Mortgage Offset Home Loan from Regional Australia Bank can reduce interest charges on variable rate home loans so you can pay off your mortgage sooner.
If you want to flexibility and an all-in-one home loan Regional Australia’s Mortgage Overdraft is right for you.
For almost 50 years we’ve helped Australians achieve their lifestyle goals by helping them take control of their finances.
Simply, Regional Australia Bank will make your finances work for you.
This information is not to be considered as financial or legal advice. Please ensure that you speak to your accountant or solicitor in relation to your situation.