Refinance Home Loans Comparison, Interest Rates & Fees - Best Find

Filter Results


Property value

Interest rate type

Repayment frequency

Features

State availability

Home loan provider

Important disclosure

Refinance Home Loans

Compare refinance home loans

I am an

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.44%

Home loan comparison rate3.44%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$891

Total repayments (approx)$320,904

Total interest (approx)$120,904

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.44%

Home loan comparison rate3.44%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$891

Total repayments (approx)$320,904

Total interest (approx)$120,904

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Our cheapest, simplest variable rate loan, is still packed with features.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.67%

Home loan comparison rate3.72%

GO TO Heritage Bank

Repayments & Redraws

Monthly repayments (approx)$917

Total repayments (approx)$330,184

Total interest (approx)$130,184

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? Unlimited

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Heritage Bank

Home Loan Fees

Application fee $150

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $200

Regular or monthly fee $0

GO TO Heritage Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Heritage Bank

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Heritage Bank

Hide info -

Our cheapest, simplest variable rate loan, is still packed with features.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.67%

Home loan comparison rate3.72%

GO TO Heritage Bank

Repayments & Redraws

Monthly repayments (approx)$917

Total repayments (approx)$330,184

Total interest (approx)$130,184

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? Unlimited

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Heritage Bank

Home Loan Fees

Application fee $150

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $200

Regular or monthly fee $0

GO TO Heritage Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Heritage Bank

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Heritage Bank

Hide info -

No upfront or ongoing fees. Save more than $500 and enjoy not having to pay on upfront or monthly fees. Free online redraw and unlimited additional repayments. 100% mortgage offset account.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 5 years

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Beyond Bank

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount

Offset facility Yes

Extra repayments allowed? Unlimited

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Beyond Bank

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $295

Regular or monthly fee $0

GO TO Beyond Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityACT, NSW, NT, QLD, SA, TAS, VIC, WA

GO TO Beyond Bank

Other

SponsoredYes

Data accurate as of5/06/2018

GO TO Beyond Bank

Hide info -

No upfront or ongoing fees. Save more than $500 and enjoy not having to pay on upfront or monthly fees. Free online redraw and unlimited additional repayments. 100% mortgage offset account.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 5 years

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Beyond Bank

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount

Offset facility Yes

Extra repayments allowed? Unlimited

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Beyond Bank

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $295

Regular or monthly fee $0

GO TO Beyond Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityACT, NSW, NT, QLD, SA, TAS, VIC, WA

GO TO Beyond Bank

Other

SponsoredYes

Data accurate as of5/06/2018

GO TO Beyond Bank

Hide info -

The Variable home loan is aimed at those looking for greater flexibility with their loan. The Variable account comes with a 100% offset account which allows for additional lump sum payments and higher loan repayments. This loan is perfect for those looking for greater flexibility within their lives.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$1,250,000

Minimum loan term 1 Year

Maximum loan term 30 Years

Interest rate type Variable

Home loan interest rates (base)3.99%

Home loan comparison rate3.90%

GO TO Freedom Lend

Repayments & Redraws

Monthly repayments (approx)$953

Total repayments (approx)$343,324

Total interest (approx)$143,324

Redraw facility No

Redraw fee $0

Minimum redraw amount $0

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions $20,000 p.a

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Freedom Lend

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $535

Regular or monthly fee $0

GO TO Freedom Lend

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Freedom Lend

Other

SponsoredYes

Data accurate as of3/7/2018

GO TO Freedom Lend

Hide info -

The Variable home loan is aimed at those looking for greater flexibility with their loan. The Variable account comes with a 100% offset account which allows for additional lump sum payments and higher loan repayments. This loan is perfect for those looking for greater flexibility within their lives.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$1,250,000

Minimum loan term 1 Year

Maximum loan term 30 Years

Interest rate type Variable

Home loan interest rates (base)3.99%

Home loan comparison rate3.90%

GO TO Freedom Lend

Repayments & Redraws

Monthly repayments (approx)$953

Total repayments (approx)$343,324

Total interest (approx)$143,324

Redraw facility No

Redraw fee $0

Minimum redraw amount $0

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions $20,000 p.a

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Freedom Lend

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $535

Regular or monthly fee $0

GO TO Freedom Lend

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Freedom Lend

Other

SponsoredYes

Data accurate as of3/7/2018

GO TO Freedom Lend

Hide info -

With a Beyond Bank Fixed Rate Home Loan you can sit back and relax with knowledge your repayments won’t change (during your fixed-rate term).

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 5 years

Maximum loan term 30 years

Interest rate type Fixed - 3 Year

Home loan interest rates (base)4.84%

Home loan comparison rate5.19%

GO TO Beyond Bank

Repayments & Redraws

Monthly repayments (approx)$1,054

Total repayments (approx)$379,501

Total interest (approx)$179,501

Redraw facility Yes

Redraw fee $0

Minimum redraw amount

Offset facility Yes

Extra repayments allowed? Unlimited

Extra repayment fees $0

Extra repayments restrictions $25,000

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Beyond Bank

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $200

Discharge fee $295

Regular or monthly fee $0

GO TO Beyond Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityACT, NSW, NT, QLD, SA, TAS, VIC, WA

GO TO Beyond Bank

Other

SponsoredYes

Data accurate as of31/08/2018

GO TO Beyond Bank

Hide info -

With a Beyond Bank Fixed Rate Home Loan you can sit back and relax with knowledge your repayments won’t change (during your fixed-rate term).

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 5 years

Maximum loan term 30 years

Interest rate type Fixed - 3 Year

Home loan interest rates (base)4.84%

Home loan comparison rate5.19%

GO TO Beyond Bank

Repayments & Redraws

Monthly repayments (approx)$1,054

Total repayments (approx)$379,501

Total interest (approx)$179,501

Redraw facility Yes

Redraw fee $0

Minimum redraw amount

Offset facility Yes

Extra repayments allowed? Unlimited

Extra repayment fees $0

Extra repayments restrictions $25,000

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Beyond Bank

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $200

Discharge fee $295

Regular or monthly fee $0

GO TO Beyond Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityACT, NSW, NT, QLD, SA, TAS, VIC, WA

GO TO Beyond Bank

Other

SponsoredYes

Data accurate as of31/08/2018

GO TO Beyond Bank

Hide info -

Home Loan Overview

Maximum LVR 70%

Maximum insured LVR 70%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.44%

Home loan comparison rate3.44%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$891

Total repayments (approx)$320,904

Total interest (approx)$120,904

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.44%

Home loan comparison rate3.44%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$891

Total repayments (approx)$320,904

Total interest (approx)$120,904

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.44%

Home loan comparison rate3.44%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$891

Total repayments (approx)$320,904

Total interest (approx)$120,904

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.49%

Home loan comparison rate3.49%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$896

Total repayments (approx)$322,909

Total interest (approx)$122,909

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.49%

Home loan comparison rate3.49%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$896

Total repayments (approx)$322,909

Total interest (approx)$122,909

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Receive $1,000 Cash Back for loans over $200,000

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.54%

Home loan comparison rate3.54%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$902

Total repayments (approx)$324,921

Total interest (approx)$124,921

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.59%

Home loan comparison rate3.62%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$908

Total repayments (approx)$326,941

Total interest (approx)$126,941

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.69%

Home loan comparison rate3.63%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$919

Total repayments (approx)$330,998

Total interest (approx)$130,998

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440 charged at settlement

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $0

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.69%

Home loan comparison rate3.63%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$919

Total repayments (approx)$330,998

Total interest (approx)$130,998

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.79%

Home loan comparison rate3.66%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440 charged at settlement

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $0

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.79%

Home loan comparison rate3.66%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.69%

Home loan comparison rate3.69%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$919

Total repayments (approx)$330,998

Total interest (approx)$130,998

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.69%

Home loan comparison rate3.69%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$919

Total repayments (approx)$330,998

Total interest (approx)$130,998

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Our cheapest, simplest variable rate loan, is still packed with features.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.67%

Home loan comparison rate3.72%

GO TO Heritage Bank

Repayments & Redraws

Monthly repayments (approx)$917

Total repayments (approx)$330,184

Total interest (approx)$130,184

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? Unlimited

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Heritage Bank

Home Loan Fees

Application fee $150

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $200

Regular or monthly fee $0

GO TO Heritage Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Heritage Bank

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Heritage Bank

Hide info -

Our cheapest, simplest variable rate loan, is still packed with features.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$100,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.67%

Home loan comparison rate3.72%

GO TO Heritage Bank

Repayments & Redraws

Monthly repayments (approx)$917

Total repayments (approx)$330,184

Total interest (approx)$130,184

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? Unlimited

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Heritage Bank

Home Loan Fees

Application fee $150

Legal fee $0

Valuation fee $0

Settlement fee $150

Discharge fee $200

Regular or monthly fee $0

GO TO Heritage Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Heritage Bank

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Heritage Bank

Hide info -

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.74%

Home loan comparison rate3.74%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$925

Total repayments (approx)$333,036

Total interest (approx)$133,036

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredNo

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.74%

Home loan comparison rate3.74%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$925

Total repayments (approx)$333,036

Total interest (approx)$133,036

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $0

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

No upfront or ongoing fees. Save more than $500 and enjoy not having to pay on upfront or monthly fees. Free online redraw and unlimited additional repayments. 100% mortgage offset account.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 5 years

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Beyond Bank

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount

Offset facility Yes

Extra repayments allowed? Unlimited

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Beyond Bank

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $295

Regular or monthly fee $0

GO TO Beyond Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityACT, NSW, NT, QLD, SA, TAS, VIC, WA

GO TO Beyond Bank

Other

SponsoredYes

Data accurate as of5/06/2018

GO TO Beyond Bank

Hide info -

Receive $1,000 Cash Back for loans over $200,000

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Yes

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

The Variable home loan is aimed at those looking for greater flexibility with their loan. The Variable account comes with a 100% offset account which allows for additional lump sum payments and higher loan repayments. This loan is perfect for those looking for greater flexibility within their lives.

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 Year

Maximum loan term 30 Years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Freedom Lend

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,134

Total interest (approx)$135,134

Redraw facility No

Redraw fee $0

Minimum redraw amount $0

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions $15,000 p.a

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Freedom Lend

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $350

Regular or monthly fee $0

GO TO Freedom Lend

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Freedom Lend

Other

SponsoredYes

Data accurate as of3/7/2018

GO TO Freedom Lend

Hide info -

The Variable home loan is aimed at those looking for greater flexibility with their loan. The Variable account comes with a 100% offset account which allows for additional lump sum payments and higher loan repayments. This loan is perfect for those looking for greater flexibility within their lives.

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$750,000

Minimum loan term 1 Year

Maximum loan term 30 Years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Freedom Lend

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,134

Total interest (approx)$135,134

Redraw facility No

Redraw fee $0

Minimum redraw amount $0

Offset facility No

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions $15,000 p.a

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Freedom Lend

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $350

Regular or monthly fee $0

GO TO Freedom Lend

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Freedom Lend

Other

SponsoredYes

Data accurate as of3/7/2018

GO TO Freedom Lend

Hide info -

No upfront or ongoing fees. Save more than $500 and enjoy not having to pay on upfront or monthly fees. Free online redraw and unlimited additional repayments. 100% mortgage offset account.

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 80%

Minimum loan amount$150,000

Maximum loan amount$2,000,000

Minimum loan term 5 years

Maximum loan term 30 years

Interest rate type Variable

Home loan interest rates (base)3.79%

Home loan comparison rate3.79%

GO TO Beyond Bank

Repayments & Redraws

Monthly repayments (approx)$930

Total repayments (approx)$335,080

Total interest (approx)$135,080

Redraw facility Yes

Redraw fee $0

Minimum redraw amount

Offset facility Yes

Extra repayments allowed? Unlimited

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Beyond Bank

Home Loan Fees

Application fee $0

Legal fee $0

Valuation fee $0

Settlement fee $0

Discharge fee $295

Regular or monthly fee $0

GO TO Beyond Bank

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityACT, NSW, NT, QLD, SA, TAS, VIC, WA

GO TO Beyond Bank

Other

SponsoredYes

Data accurate as of5/06/2018

GO TO Beyond Bank

Hide info -

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.84%

Home loan comparison rate3.87%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$936

Total repayments (approx)$337,129

Total interest (approx)$137,129

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 80%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.94%

Home loan comparison rate3.88%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$947

Total repayments (approx)$341,254

Total interest (approx)$141,254

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440 charged at settlement

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $0

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/11/2018

GO TO Reduce Home Loans

Hide info -

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$50,000

Maximum loan amount$2,000,000

Minimum loan term 1 year

Maximum loan term 30 years

Interest rate type Fixed

Home loan interest rates (base)3.94%

Home loan comparison rate3.88%

GO TO Reduce Home Loans

Repayments & Redraws

Monthly repayments (approx)$947

Total repayments (approx)$341,254

Total interest (approx)$141,254

Redraw facility Yes

Redraw fee $0

Minimum redraw amount $500

Offset facility Optional $10 p.m

Extra repayments allowed? Yes

Extra repayment fees $0

Extra repayments restrictions No

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

GO TO Reduce Home Loans

Home Loan Fees

Application fee $440

Legal fee Approx. $220+ disbursements

Valuation fee $250

Settlement fee $150

Discharge fee $750

Regular or monthly fee $0

GO TO Reduce Home Loans

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

GO TO Reduce Home Loans

Other

SponsoredYes

Data accurate as of1/08/2018

GO TO Reduce Home Loans

Hide info -

12345...
results per page

BestFind.com.au provides factual information in relation to financial products. While BestFind.com.au attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on BestFind.com.au is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with BestFind.com.au. BestFind.com.au recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see BestFind.com.au's Terms of Use and Services Guide.

Are you aware how much interest you’re paying on your mortgage? If not, you’re probably not alone. Loads of Aussies aren’t aware how much they’re paying yearly, or that they might be better off switching to a more economical home loan to save money.

What does it mean to refinance a home loan?

If you whip out your statements only to realise that your current mortgage isn’t looking as competitive as it once was, don’t worry. home loan refinancing is actually pretty popular these days, which means there are typically loads of offers out there. Refinancing a home loan is the process by which loads of Aussies are switching from their existing mortgages to a better deal. It involves taking a look at home loans are available on the market and seeing if you can’t find something which has lower interest rates, less fees, and perhaps even more flexibility.

Refinancing your home loan can mean that you might be able to pay thousands less in interest a year, while consolidating your finances at the same time. So is home loan refinance for you?

When to consider home loan refinance

What we generally want out of a mortgage refinance is a better deal. This means you’ll probably want to consider home loan refinance if:

  • Your original loan is not as amazingly competitive as it was when you first got it
  • Your financial circumstances have changed, and you’re hoping for the chance to make larger or smaller, or even earlier repayments
  • You’d like to spend less on your mortgage repayments right now cause you’ve got something else on the cards. This could be anything from a new car to fixing up your house.
  • Market rates are low and you’d like to take advantage of a great fixed rate
  • Your finances are in desperate need of consolidating. This might be the case if you’ve got several loans out simultaneously, or a sizeable credit card repayments to make

Reasons not to consider home loan refinance

Under certain circumstances, you’re better off not looking to refinance your mortgage. This might be the case if:

  • You don’t have the security of dependable income for the time you’d like the home loan, as you’ll unlikely find a stellar interest rate
  • Same applies if your credit rating has dropped since you took out your original mortgage
  • You have a low loan balance and no interest in accessing equity (we’ve covered this below)Exit fees or prepayment penalties make it unprofitable to leave your current home loan
  • You’re unsure whether you’ll be holding onto the property for very long

What are the benefits of refinancing?

As we’ve noted, there are several pros of refinancing your home loan. If you’ve checked out the market and considered your financial circumstances, you’ll probably want to know more about what you stand to gain. Great news! A well thought-out mortgage refinance could mean you’ll be able to enjoy:

  • Lower interest rates. And of course, this means lower repayments. Keep an eye on how the market’s moving, as a smart time to lock in a fixed interest rate home loan will be when interest rates are low.
  • Enjoy special offers. Because your home loan will probably a large chunk of your debt, it’s also a good idea to look out for bonus offers from new lenders. Some providers may offer cashback incentives of up to $2,000, or sign-up bonuses all through the year. Spring is a good time to be extra sharp, this is ‘mortgage season’ when offers will likely be at their most competitive.
  • Debt consolidation. As we’ve mentioned, it can be great to reduce the stress and maths of multiple loans by putting all your loans in one place. Even better if you’ve snagged a great, low interest deal with few fees and restrictions.
  • Extra features. The best home loan for anyone is the one with the lowest interest payments. Some home loans and mortgages will help you do this while offering the flexibility of features like early repayment, additional repayments, portability, offset accounts and redraw ability.
  • Equity. Once you’ve been repaying your home loan for a period, you can unlock these funds via a credit home loan. This frees up equity, or the amount you’ve been repaying, for things like buying another property or car. This works cause you’re likely paying less interest on your mortgage than you would be on a personal or car loan, for example. This means you’re adding on to your home loan however, so remember that it will most likely take you longer to pay off that mortgage.