The home loan refinancing gold rush that could save you up to $25,000.
Start a comparison now
If you're paying more than 4.00% interest on your home loan, you're probably paying too much!
Refinancing Deals Under 4.00%Click here to discover Home Loans under 4.00% that you can refinance to right now
Unhappy with your current home loan? Then it's time to look at refinancing. It's an increasingly popular option: more than a third (35%) of all mortgages organised in June 2015 involved refinancing, up from just 32% the year before, according to ABS Housing Finance data.
Why is refinancing on the rise? One obvious reason is that many banks have put up their interest rates for borrowers, despite the fact that official rates have been unchanged for six months. But that doesn't mean you can't get a good deal: you just have to look around and compare your options. On a $300,000 loan over 30 years, a difference of 0.6% in interest rates can mean an extra $36,000 extra in your pocket over the lifetime of the loan.
What does refinancing involve?
Refinancing moves moving your mortgage from one lender to another to access better rates or features. Typically this will involve changing providers, but you can also refinance with your existing bank. Our detailed guides will help you with each stage in the refinancing journey:
The steps to refinancing your mortgage
2. Research the costs that will be involved to make sure you'll be saving overall.
3. Compare current home loans on the market or enlist the help of a mortgage broker.
4. Speak to your current lender, as they may offer a better deal to try and retain you.
Learn more about refinancing with our step-by-step guide.
More guides on Finder
homeloans.com.au Low Rate Home Loan with Offset
The homeloans.com.au Low Rate Home Loan with Offset is fee-free and features a 100% offset account.
Homestar Gold Fixed Home Loan
A review of the Homestar Gold Home Loan. Learn more about this product.
Women could retire with $140,000 more by refinancing their home loan
Here's how you can shed up to $50,000 from your mortgage and turn it into $140,000 by the time you retire.
Bunnings Black Friday deals 2021
See how much you could save on those much-needed home improvements during the Black Friday sales at Bunnings.
Score 300,000 bonus Qantas Points through ANZ’s latest home loan promotion
The deal is available to refinancers, investors and first home buyers applying for a new home loan of over $300,000.
Passive Income Ideas
Passive income is not just a buzzword. Here are 22 business ideas that could keep bringing in the dough well after you set them up.
December 2018’s cheapest investment home loans
A tough lending environment means it's essential investors compare their home loan options.
A beginner’s guide to cryptocurrency ETFs
If you’re looking for ways to gain exposure to bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
How to buy and sell FANTOM (FTM)
What is the FANTOM blockchain protocol and how can you buy the platform’s native FTM tokens? Find out in this handy beginner’s guide.
Bithumb: Alternative exchanges and sites to consider
If you’re looking for cryptocurrency exchanges like Bithumb, here’s our guide to five of the best sites you should consider.
Ask an Expert