Saving money with refinancing | Sale, Warragul & Traralgon

With the Reserve Bank of Australia cutting the cash rate to the lowest levels in years and banks reducing interest rates on home loans, it's more important than ever to make sure that you have the best deal.

What is refinancing?

Refinancing is the process of replacing your current home loan with a new one. You might be considering this to take advantage of a lower interest rate, switch banks or change the terms of your current loan. 

Use our interest rate comparison tool to see how much you could save on a lower interest rate.

Reasons to refinance your home loan:

  • Pay less with a lower interest rate
  • Change from a variable to a fixed rate
  • Switch lenders to one you prefer
  • Add some better features to your home loan, like an offset account
  • Consolidate smaller debts into your home loan

Figuring out if refinancing is worth it

The first step when on your refinancing journey is to figure out if it's going to benefit you to move to a new home loan. Could you save a lot? Would you prefer to be with another lender? There are lots of things to consider, especially as you will likely need to pay an exit fee or other amounts on your refinance. 

There are a few reasons you might be looking around:

  • Your fixed rate term is coming to an end
  • Your lender has not passed the full rate cut from the RBA cash rate cuts
  • Your lender has recently put up your interest rate

If your lender has NOT passed on the full cuts to you as a customer, or you're paying more tha 4% p.a. - it's the perfect time to see if you could save on your home loan! There are some significant savings to be had.

Mortgage Choice in Sale offer a FREE Home Loan Health Check

Dane & the team in Sale & Traralgon will compare your home loan with hundreds of others to see if we have something better for you on our panel. If yes, we'll then go through your options with you and help you make the right choice. Our Home Loan Health Check only takes a short time and could save you money.

"Our recent refinancing experience with you was fantastic. You made what can sometimes be time consuming and quite uncomfortable, a smooth and simple process. And although it did take some time we didn’t expect that it would happen overnight. 

We’ve now been able to focus on getting out debt under control and finances sorted so we can enjoy life a little easier." [ T.M. ]

Some resources to help guide you

Let's chat about your next step

Book an appointment with our Gippsland team to discuss reviewing your current loan. Call (03) 5144 3265 or 0438 626 885 or click on the Contact Us button at the top of the page.

We service the Gippsland areas of Sale, Traralgon, Warragul, Inverloch, Wonthaggi, Leongatha, Morwell, Churchill, Moe, Heyfield, Maffra, Rosedale, Bairnsdale, Paynesville, Lakes Entrance and surrounds. 

We can help you with:

Is it time to refinance?

Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~




























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